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KONE OYJ

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Kone Oyj : wins order to equip the ‘Commerz III' office tower in Mumbai

09/09/2021 | 03:12am EDT

KONE Corporation, press release, September 9, 2021

KONE Corporation, a global leader in the elevator and escalator industry, has won an order to supply a suite of People Flow® solutions, including 53 custom-made KONE elevators, for the new 'Commerz III', a premium commercial building developed by Oberoi Realty Limited in Mumbai.

The 50-story skyscraper is designed to create a premium work environment and it is set to achieve LEED green building certification. The building will be located at the International Business Park area in Oberoi Garden City which also includes Commerz (mixed-use building) and Commerz II (LEED certified) commercial project.

KONE´s order includes 42 KONE Minispace® and 11 KONE Monospace® elevators, with travel of 223 meters and the maximum speed of 6 m/s, all with custom finishes to further improve ride comfort and safety. The elevators will be equipped with KONE Destination Control System with turnstile integration to enable smooth people flow, avoid crowding and reduce waiting and traveling times. In addition, the contract includes KONE E-Link™ service for monitoring equipment while on site and one year of standard maintenance.

'We are proud that our innovative people flow solutions and track record helped us win this order. We were able to meet and, in some cases, exceed the requirements for some high-profile long-term leaseholders. The Commerz III project is an exciting development and will cater for over 13,000 people each day,' says Samer Halabi, Executive Vice President for KONE Asia Pacific.

The project is expected to be completed by the end of 2022. The main contractor is Capacite Infra and the main architect is Woods Bagot.

KONE booked the order in the first quarter of 2021.

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:
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
August 5, 2019: KONE wins order to equip Central Boulevard Towers, a mixed-use 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

CommerzIII png


Disclaimer

Kone Oyj published this content on 09 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 September 2021 07:11:02 UTC.


© Publicnow 2021
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Sales 2022 11 215 M 11 874 M 11 874 M
Net income 2022 935 M 990 M 990 M
Net cash 2022 2 218 M 2 348 M 2 348 M
P/E ratio 2022 24,0x
Yield 2022 4,17%
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Free-Float 59,6%
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Last Close Price 43,66 €
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Henrik Georg Fredrik Ehrnrooth President & Chief Executive Officer
Ilkka Hara Chief Financial Officer
Antti Juhani Herlin Chief Executive Officer & Deputy Chairman
Maciej Kranz Chief Technology Officer & Executive VP
Matti Juhani Alahuhta Director
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