KONE

KONE to supply elevators and escalators for Funan

Press Release   •   Jun 06, 2017 17:47 +08

KONE, a global leader in the elevator and escalator industry, has won an order to supply 69 elevators and escalators to Funan, an integrated development owned by CapitaLand Mall Trust.

Funan was closed in July 2016 for redevelopment and is slated for completion in 4Q 2019.

Designed as a unique lifestyle destination, Funan will offer a new live-work-play paradigm that sparks inspiration and discovery for consumers.The integrated development comprises of two premium Grade A office towers, a block of serviced residence and a retail component.

KONE will be supplying 28 KONE S MonoSpace® elevators, 1 KONE Transys® elevator with a maximum travel speed of 2.5m/s as well as 40 KONE TravelMaster110 escalators. All equipment will be connected to KONE E-LinkTM monitoring system, providing real-time overview of the equipment, demand, traffic performance and availability.

“The redevelopment of Funan as a home for innovation and local creative talents is highly anticipated and we are definitely proud to be a part of it. We believe KONE People Flow solutions will contribute positively towards the experiential retail and living experience at the new Funan, bringing a delightful people flow experience for everyone”, says Axel Berkling, Executive Vice President for KONE Asia Pacific.

The order was booked in Q1 2017.

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Previous press releases on KONE's orders are available at www.kone.com/press including:

March 21, 2017: KONE wins order for twin tower complex, Indonesia1 in Jakarta, Indonesia

March 17, 2015: KONE wins order for Sengkang General and Community Hospitals in Singapore

June 25, 2014: KONE wins order for KL118 Tower, the tallest building in Malaysia

For further information, please contact:

Liisa Kivelä, Director, External Communications, KONE Corporation, tel. +358 204 75 4330. media@kone.com


About KONE

At KONE, our mission is to improve the flow of urban life. As a global leader in the elevator and escalator industry, KONE provides elevators, escalators and automatic building doors, as well as solutions for maintenance and modernization to add value to buildings throughout their life cycle. Through more effective People Flow®, we make people's journeys safe, convenient and reliable, in taller, smarter buildings. In 2016, KONE had annual net sales of EUR 8.8 billion and at the end of the year over 52,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.

www.kone.com