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    KNEBV   FI0009013403

KONE OYJ

(KNEBV)
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Kone Oyj : to equip Keppel Towers in Singapore

10/20/2021 | 03:11am EST

KONE Corporation, press release, October 20, 2021

KONE, a global leader in the elevator and escalator industry, has been awarded the contract to equip the new development at the former Keppel Towers site with a total of 23 elevators. The new commercial development will comprise a 32-storey Grade A office tower and ancillary retail spaces. KONE will provide the redeveloped building with 17 KONE MiniSpace™ DX elevators and 6 KONE MonoSpace® DX elevators, which have built-in connectivity functions.

The elevators serving the office floors will be installed with KONE Destination Control System that takes into account desired destination floors and the number of waiting passengers to significantly improve efficiency and convenience, as well as Application Programming Interfaces (APIs) to allow potential future integration with the building's in-house application or other third party systems.

"KONE is pleased to be able to join Keppel Land in the redevelopment of Keppel Towers, as we have always recognized the importance of energy efficient, innovation led people flow solutions without compromising performance," said Samer Halabi, Executive Vice President, Asia-Pacific at KONE. "We are excited to partner with Keppel Land to achieve their vision of a future-proof, sustainable, and intelligent commercial property."

The order was booked in the third quarter of 2021, and the redevelopment of Keppel Towers is projected to be completed in 2024.

For further information, please contact:  
Hanna Rutanen, Head of Communications, KONE Corporation, tel. +358 41 507 1361, media@kone.com

Read more:
Previous press releases are available at https://www.kone.com/en/news-and-insights/releases/ including:
September 9, 2021: KONE wins order to equip the 'Commerz III' office tower in Mumbai
October 9, 2020: KONE to equip Bangkok metro's Orange Line in Thailand
September 1, 2020: KONE wins order for Punggol Digital District, a smart and sustainable development in Singapore

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 2020, KONE had annual sales of EUR 9.9 billion, and at the end of the year over 60,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.
www.kone.com

keppel towers


Disclaimer

Kone Oyj published this content on 20 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 October 2021 07:10:09 UTC.


© Publicnow 2021
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Sales 2021 10 499 M 11 893 M 11 893 M
Net income 2021 1 029 M 1 165 M 1 165 M
Net cash 2021 2 061 M 2 334 M 2 334 M
P/E ratio 2021 29,4x
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Free-Float 60,4%
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Mean consensus HOLD
Number of Analysts 25
Last Close Price 58,24 €
Average target price 63,89 €
Spread / Average Target 9,70%
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Henrik Georg Fredrik Ehrnrooth President & Chief Executive Officer
Ilkka Hara Chief Financial Officer
Antti Juhani Herlin Chairman
Maciej Kranz Chief Technology Officer & Executive VP
Matti Juhani Alahuhta Independent Director
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