KONE to deliver People Flow solutions to two IICG shopping centres in China


KONE Corporation, press release, August 13, 2012

KONE has been selected to deliver 69 eco-efficient elevators, 121 escalators and 10 autowalks to 2 super regional shopping centres developed, owned and managed by Inter IKEA Centre Group. The shopping centres located in Wuxi and Beijing will become one-stop shopping destinations with a full range of offerings including fashion retailers, restaurants, cafés and leisure components, anchored by cinema, electronics, hypermarket and IKEA. Both will serve a catchment area of more than 12 million inhabitants and KONE's innovative solutions will help ensure smooth People Flow® for over 10 thousand visitors every day.

For the IICG Beijing shopping centre spread over 210,000 square meters gross leasable area on 3 levels, KONE will deliver 21 KONE S MonoSpace® passenger elevators, 14 KONE TranSys(TM) service elevators, 10 freight elevators, 63 KONE TravelMaster(TM) escalators and 10 autowalks. For the shopping centre in Wuxi which has 150,000 square meters gross leasable area on 3 levels, KONE will deliver 13 KONE S MonoSpace® passenger elevators and 11 freight elevators, as well as one KONE TransitMaster(TM) and 57 KONE TravelMaster(TM) escalators. Both IICG shopping centres will also have the KONE E-Link monitoring system to ensure high performance levels of the equipment.

"We were pleased to be involved at the early stages to help create a customized People Flow design to benefit the retailers and increase the convenience for shoppers," says William B. Johnson, EVP and Area Director of KONE Greater China.

The IICG Beijing shopping centre is scheduled to open at the end of 2014 and the one in Wuxi at the end of 2013. The order was booked in the second quarter of 2012.

For further information, please contact:
Anne Korkiakoski, EVP, Marketing & Communications, KONE Corporation, tel. +358 204 75 4775

About Inter IKEA Centre Group (IICG)
Established in 2001, the Inter IKEA Centre Group (IICG) is jointly owned by the Inter IKEA Group and IKEA Group, with headquarters in Kastrup, Denmark. IICG specializes in the development, operation and management of shopping centres in partnership with IKEA. IICG currently has 30 shopping centres in operation in 14 countries worldwide, welcoming a total of 65 million visitors per year. At each location the centres are operated by professional IICG teams specializing in development, leasing, management and marketing.

About KONE

KONE is one of the global leaders in the elevator and escalator industry. KONE's objective is to offer the best People Flow® experience by developing and delivering solutions that enable people to move smoothly, safely, comfortably and without waiting in buildings in an increasingly urbanizing environment. KONE provides industry-leading elevators, escalators, automatic building doors and integrated solutions to enhance the People Flow in and between buildings. KONE's services cover the entire lifetime of a building, from the design phase to maintenance, repairs and modernization solutions. In 2014, KONE had annual net sales of EUR 7,3 billion, and at the end of the year over 47,000 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd. in Finland.

For more information, see www.kone.us