KONE Wins an Order for the Mandarin Oriental Tower in Chicago

    KONE has received a contract from Bovis Lend Lease on behalf of Palladian

    CHICAGO, Sept. 4 /CNW/ - Development for the design, delivery and
installation of all elevators for the new building named Mandarin Oriental
Tower Chicago in the U.S. When completed, the multi-purpose building will
offer five-star hotel guest rooms, private residences and tower condominiums.
The first floors of the building will house restaurants that are part of the
hotel and luxury retail.
    Standing at 248 meters (814 feet), the Mandarin Oriental Chicago will be
among the ten tallest buildings in Chicago once it is completed in 2010. The
exclusive development will be located next to Chicago's growing Millennium
Park neighborhood, which has become the city's renowned centre for art, music,
architecture and landscape design. Mandarin Oriental Chicago will occupy 19
floors of the 61-story tower.
    "KONE is excited to work with Palladian Development, Bovis Lend Lease and
Solomon Cordwell Buenz Architects, which were important considerations for
KONE in securing this prestigious project. KONE is also extremely pleased to
work with the Mandarin Hotel in their first luxury project in Chicago,"
comments Vance Tang, KONE EVP, Area Director for the Americas.
    The hotel and residences will be equipped with 14 KONE MiniSpaceTM and
3 KONE MonoSpace(R) elevators, and one hydraulic elevator. The installation of
the elevators is planned to start in April 2008 and scheduled to be completed
in January 2010.
    Palladian Development is a Chicago based developer of mixed-use luxury
developments around the world. The Residences at Mandarin Oriental, Chicago
were honored as the "Best of the Best" by The Robb Report in June 2007.

    About KONE

    KONE is one of the world's leading elevator and escalator companies. It
provides its customers with industry-leading elevators and escalators, with
innovative solutions for their maintenance and modernization. KONE also
provides maintenance of automatic building doors. In 2006, KONE had annual net
sales of EUR 3.6 billion and approximately 29,000 employees. Its class B
shares are listed on the OMX Nordic Exchange in Helsinki, Finland.


For further information:

For further information: Minna Mars, SVP, Corporate Communications & IR,
Tel.: +358-(0)204-75-4501/

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