KONE wins order for luxury apartment tower development in Indonesia

KONE wins order for luxury apartment tower development in Indonesia

ID: 474796

(Thomson Reuters ONE) -


KONE Corporation, press release, June 1, 2016

KONE, a global leader in the elevator and escalator business, has won an order
for 65 elevators and escalators to be installed at the six residential towers
and retail center of the Taman Anggrek Residences under construction in Jakarta,
Indonesia.

Located in the Taman Anggrek area, known for its shopping malls and luxury
housing, the development is connected to Taman Anggrek Mall via a sky bridge. In
addition to top-end apartments, Taman Anggrek Residences has three floors of
retail facilities to meet the daily needs of residents, including supermarkets,
cafes, restaurants, a 24-hour clinic, and a drugstore. Among other amenities,
the site will also feature a clubhouse with indoor and outdoor swimming pools, a
garden, a jogging track, and a children's playground.

KONE will install 42 energy-efficient KONE MiniSpace(TM) elevators, 15 KONE
MonoSpace® machine room-less elevators, and three KONE TravelMaster(TM)
escalators. All the equipment will be linked through the KONE E-Link(TM) remote
monitoring system, which provides real-time equipment performance status updates
and facilitates rapid resolution deployment to ensure operational quality.

"KONE has a good working relationship with Agung Sedayu Group and we are excited
to have be chosen for their latest development," says Neeraj Sharma, Executive
Vice President for KONE Asia-Pacific. "Our experience of working with Agung
Sedayu Group gave us the insight to understand their specific needs and to
provide the best possible solutions to meet the requirements of this prestigious
project."

Taman Anggrek Residences is developed by Agung Sedayu Group and is expected to
be completed in December 2017. KONE is currently also working with Agung Sedayu
Group for District 8, a commercial and residential use development in Jakarta's




business district in Indonesia.

The order was booked in the first quarter of 2016.

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

May 19, 2016: KONE wins order for twin tower development in Indonesia
August 5, 2016: KONE wins order for Sky Park, a mixed development in Cyberjaya,
the "Silicon Valley" of Malaysia
April 14, 2014: KONE wins an order for a multiuse complex District 8 in
Jakarta's financial center in Indonesia

For further information, please contact:
Liisa Kivelä, Director, External Communications, KONE Corporation, tel.
+358 204 75 4330. media(at)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 2015, KONE had annual net sales of EUR 8.6
billion, and at the end of the year close to 50,000 employees. KONE class B
shares are listed on the Nasdaq Helsinki Ltd. in Finland.
www.kone.com





This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: KONE OYJ via GlobeNewswire
[HUG#2016674]




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Datum: 01.06.2016 - 07:00 Uhr
Sprache: Deutsch
News-ID 474796
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