Sustainability Leader KONE Announces Price Increase



    LISLE, Ill., July 2 /CNW/ -- KONE Inc., an industry leading provider of
People Flow(TM) Solutions, announced today that they are increasing pricing in
Canada and the United States by approximately five percent (5%) on select
Elevator and Escalator solutions for new construction and modernization.   As
with many of our customers, KONE is facing higher commodity and energy prices.
    While KONE understands the concerns for rising cost in building
construction and refurbishment, they continue to focus on delivering solutions
that provide overall life-cycle cost savings for the customer.  With KONE's
industry leading Eco-efficient(TM) products and services, customers will see
the benefit from lower energy use, reduced construction material needs and the
elimination of hydraulic oil.
    Additionally, KONE takes sustainability within their operations very
seriously.  For example, maximizing eco-efficiency through route planning for
the maintenance vehicle fleet drastically reduces fuel consumption.  "We're
committed to being a sustainable, green company, and will continue our efforts
to raise productivity and maximize eco-efficiency," says Vance Tang, EVP and
Area Director for KONE Americas. "Our goal is to minimize increased costs for
various commodities and energy and continue to deliver best in class products
and services."
    KONE was the first company in the vertical transportation industry to
invent and introduce the innovative Machine Room-Less (MRL) elevator solution.
Since its introduction in 1996, the efficient operation of over 200,000
EcoSpace(TM) and MonoSpace(R) solutions has saved as much energy as produced
by a typical 250 megawatt power plant. The measure of sustainability of the
MRL solution since 1996 is also comparable to saving 2,000,000 barrels of oil
and reducing the CO2 emissions of 100,000 cars.
    
    The price increase will take effect on July 15, 2008.
    
    For more news or information on KONE products, Eco-efficiency or People
Flow visit http://www.KONE.com or call 877-276-8691.
    
    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 2007, KONE had annual net sales of
EUR 4.1 billion and 32,500 employees. Its class B shares are listed on the OMX
Nordic Exchange in Helsinki, Finland. http://www.kone.com




For further information:

For further information: Kellie Lindquist, Marketing Manager of KONE
Inc.,  +1-309-743-5050 Web Site: http://www.kone.com

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