KONE Wins an Order for the Delhi Metro in India

KONE Wins an Order for the Delhi Metro in India

June 21, 2007

    DELHI, India, June 21 /Xinhua-PRNewswire/ -- KONE has
won an order to supply all elevators for the second phase
of the construction process of the Delhi Metro in India.
The order is one of the largest single orders for KONE in
India, including 162 elevators.  In addition, KONE has been
awarded the planning and installation of a Centralized
Monitoring System. The installation of the new elevators
will start in 2007 and is estimated to be completed in
2010.

    "The project to construct one of the world's most
modern metro stations in a metropolis like Delhi has been a
really exciting project for KONE. The ambitious construction
schedule and the level of high-tech equipment used at the
metro station have proven that the city of Delhi has a high
need for an efficient solution for its fast growing people
flows," comments Pekka Kemppainen, KONE Area Director
for Asia-Pacific.  "The increasing need for developing
infrastructure in India makes it a very interesting market
for KONE."

    KONE has offered elevators and escalators for the
earlier stages of the construction process. The existing
elevators will be linked to a new centralized monitoring
system, which KONE will install in conjunction with the new
elevators. The central monitoring system enables remote
monitoring of the status, traffic and faults, resulting in
valuable system information for analysis.

    The construction process of the Delhi Metro started in
1998 and final extensions are estimated to be completed in
2010. The unique feature of the Delhi Metro is its
integration with other modes of public transport, enabling
the commuters to conveniently interchange from one mode to
another. The Delhi Metro is one of the trendsetters for
such systems among other cities in the South Asian region.
The metro is operated by the Delhi Metro Rail Corporation
(DMRC).

    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
     Tel:  [phone]