KONE Wins High-Rise Project in New York

Jan 17, 2008, 00:00 ET from KONE

    NEW YORK, Jan. 17 /PRNewswire/ -- KONE has received a major order from
 Hines to supply all elevators for the 610 Lexington Avenue project. The
 66-story building, located in midtown Manhattan, will consist of a
 Shangri-La luxury hotel and condominiums. The building's structure will
 rise as high as 215 meters (705 feet) and include altogether nine
     The new building will be located near many of New York City's most
 notable architectural landmarks -- the Seagrams Building at 375 Park
 Avenue, Lever House, the Citigroup Center and the GE Building. The
 installation of KONE equipment will start December 2008 and is scheduled to
 be completed in the Spring of 2010. The order has been booked in the 2007
 order book.
     "We are proud to be awarded this high-rise project in New York City,
 home to several of the world's most well-known skyscrapers. Hines has
 proved to be a great partner with KONE and we look forward to working
 together to build this showcase project, leveraging the best of KONE's
 local and global talent," says Vance Tang, KONE EVP and Area Director for
     The 610 Lexington Avenue project follows KONE's other successful
 high-rise projects in the United States such as the Hyatt Center and the
 Trump Tower in Chicago, Illinois.
     Hines is a privately owned real estate firm involved in real estate
 investment, development and property management worldwide. The design
 architect for the building is Norman Foster and Partners.
     About KONE
     KONE is one of the world's leading elevator and escalator companies. It
 provides customers with industry-leading elevators, escalators and
 innovative solutions for maintenance and modernization. KONE also provides
 maintenance services for automatic building doors. In 2006, KONE had annual
 net sales of euro 3.6 billion and approximately 29,000 employees. KONE
 class B shares are listed on the OMX Nordic Exchange Helsinki in Finland.