KONE wins escalator order for Lanzhou Metro in China

Press Release Published 04-06-2016

KONE Corporation, press release, April 6, 2016
KONE, a global leader in the elevator and escalator industry, has won an order for the first phase of the Lanzhou Metro project in Gansu Province, northwest China. The order includes 117 KONE TransitMaster(TM) escalators.

The KONE equipment will be installed along Lanzhou Metro Line 1, which includes 20 underground stations and covers a distance of some 26 km. The line travels through downtown Lanzhou City, known for its history as an important connection point on the ancient Silk Road and as a crossing point over the Yellow River, which flows through the provincial capital.

"KONE has a long track record of providing solutions for China's public transportation networks. We are happy to enable the smooth flow of people in this new underground system with our energy saving escalators," said William B. Johnson, Executive Vice President for KONE Greater China.

Line 1 is the first of three metro lines to be included in the Lanzhou underground network. Construction on the line, which runs from Chenguanying station to Donggang station, began in 2012 and is due to be completed in 2018.

The developer of the project is Lanzhou Rail Transit Co., Ltd.

The order was booked in the first quarter of 2016.

Previous press releases are available at www.kone.com/press including:
January 11, 2016: KONE wins order for expansion of Zhengzhou's metro
January 11, 2016: KONE to provide elevators for high-end residential towers in Liuzhou, China
January 11, 2016: KONE wins major order for Nanjing's Kingfine Center
April 1, 2015: KONE to equip Lanzhou's new landmark building in Gansu Province, China

For further information, please contact:
Liisa Kivelä, Director, Communications, KONE Corporation, tel. +358 204 75 4330 media@kone.com

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 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.

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