KONE Delivers Elevators to Bangkok's Tallest Residential Building

KONE Delivers Elevators to Bangkok's Tallest Residential Building

May 16, 2007

    SINGAPORE, May 16 /Xinhua-PRNewswire/ -- KONE has won
an order for the supply and installation of all the
elevators in a prestige condominium development in Bangkok,
Thailand, called the MET. When completed, the MET will be
the tallest residential building in Bangkok. The
installation of the elevators will start in September 2007
and is estimated to be completed by the end of 2008.

    The delivered units include 21 KONE MiniSpace(TM) and
two KONE MonoSpace(R) elevators, which are powered by the
environmentally-friendly KONE EcoDisc(TM) hoisting
machines. When installed, the KONE MiniSpace(TM) elevators
will travel at a speed of 5.0 m/s and 6.0 m/s.

    The MET is located in the Central Business District
(CBD) of Bangkok. The 66-story development offers luxury
apartments for high quality life-style living and a variety
of leisure facilities. In 2006, the MET was granted the best
of the tall building category award by The World's Property
Market, MIPIM.

    The developer of the MET is Pebble Bay (Thailand) Co.,
Ltd. The company belongs to the Singapore based Hotel
Properties Limited (HPL), which is an international company
renowned for developing and managing world-class hotels,
properties and businesses. It is recognized globally for
its exacting standards of excellence, innovation, and
attention to detail with an extensive portfolio of hotel,
lifestyle, retail and residential interests that span ten
countries.

    Sender:

    KONE Corporation

    Pekka Kemppainen
    Executive Vice President,
    Area Director, Asia-Pacific

    Minna Mars
    Senior Vice President,
    Corporate Communications & IR

    Further information on the MET:

    http://www.met-bangkok.com (The MET)
    http://www.hotelprop.com (the developer)

    KONE is one of the world's leading elevator and
escalator companies. It provides its customers with
industry-leading elevators and escalators, with innovative
solutions for their maintenance and modernization. KONE
also provides maintenance of automatic building doors. In
2006, KONE had annual net sales of EUR 3.6 billion and
approximately 29,000 employees. Its class B shares are
listed on the Helsinki Stock Exchange in Finland.

    http://www.kone.com


    For more information, please contact:

     Minna Mars, SVP, 
     Corporate Communications & IR,
     KONE Corporation
     Tel:   [phone]