KONE Oyj : KONE celebrates opening of KONE Park manufacturing and R&D site in Kunshan, China

KONE Oyj : KONE celebrates opening of KONE Park manufacturing and R&D site in
                                Kunshan, China

KONE Corporation, press release, April 10, 2013

KONE celebrated the official opening of its new KONE Park manufacturing site,
engineering facility and research and development (R&D) center in the Kunshan
New and Hi-tech Industrial Development Zone in Eastern China today. At some
240,000 square meters, the purpose-built KONE Park includes three elevator
factories and an escalator factory, and is KONE's largest manufacturing unit
in the world.

"We are proud of the Kunshan KONE Park, which enables us to better meet our
customers' needs in China, the rest of Asia, and, indeed, the rest of the
world," said Heikki Leppänen, Executive Vice President, KONE New Equipment
Business. "While China is by far the single biggest market for new elevators
and escalators, products from Kunshan are also exported to more than 90

The opening ceremony was attended by Finnish Foreign Trade Minister Alexander
Stubb, Kunshan Mayor Lu Jun, as well as KONE Chairman Antti Herlin, and KONE
President and CEO Matti Alahuhta.

KONE Park was planned according to KONE's global supply network needs and the
lean manufacturing principle, aimed at maximizing efficiency and eliminating
waste. Emphasis has also been on further reducing energy and water use as well
as the unit's carbon footprint. KONE Park was constructed according to modern
green building standards and aims to earn a LEED Gold green building

The new site, which began operations in phases during 2012, is located close
to the Suzhou-Shanghai Expressway, enabling good connections to both suppliers
and customers. It replaces an older facility, which has also been located in
Kunshan and has included both elevator and escalator production as well as
research and development.

The three new Kunshan elevator module factories produce elevator cars,
elevator electrification products and elevator motors. The escalator factory
produces both commercial and heavy-duty escalators as well as horizontal and
inclined autowalks. KONE Park also includes one of KONE's eight global R&D
centers. A new high-rise test tower is under construction at the expanded
Kunshan R&D site. The tower supports the development of KONE's People Flow®
solutions for skyscrapers and will be opened in 2014.

KONE began operations in China in 1996, when it registered the KONE Elevators
Co., Ltd. subsidiary. The first Kunshan factory was opened in 1998 at a site
that is now in the midst of a residential area. KONE also operates through its
majority-owned GiantKONE joint venture. KONE has a network of over 350
locations in China, employing some 8,900 people. Last year, KONE became the
leading company in the Chinese market in terms of new elevator and escalator

For further information, please contact:
Anne Korkiakoski, EVP, Marketing & Communications, KONE Corporation, tel. +358
204 75 4775

About KONE

KONE is one of the global leaders in the elevator and escalator industry. The
company has been committed to understanding the needs of its customers for the
past century, providing industry-leading elevators, escalators and automatic
building doors as well as innovative solutions for modernization and
maintenance. The company's objective is to offer the best People Flow®
experience by developing and delivering solutions that enable people to move
smoothly, safely, comfortably and without waiting in buildings in an
increasingly urbanizing environment. In 2012, KONE had annual net sales of EUR
6.3 billion and around 40,000 employees. KONE class B shares are listed on the
NASDAQ OMX Helsinki Ltd in Finland.



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Source: KONE Oyj via Thomson Reuters ONE
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