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KONE poised for growth in East Malaysia with new Sabah office

Press Release Published 01/23/2015

KONE, a global leader in the elevator and escalator industry, recently opened a new branch office in Kota Kinabalu, Sabah, Malaysia. This latest investment in Malaysia is to enhance the service level to its existing customer’s base and poises itself for growth in the East Malaysia.

KONE’s Malaysia operations, KONE Elevators (M) Sdn Bhd., wholly owned by KONE Corporation in Finland, has its new branch office situated at Cybersquare Commercial Centre, Kota Kinabalu.

“With increasing foreign and domestic investments, developments in East Malaysia is growing in tandem with the other states in the country and this expansion enables us to better serve and meet the needs of existing and new customers,” says Mr. Lim Chong Hoe, Managing Director, KONE Elevators (M) Sdn Bhd.

KONE’s innovative people flow solutions, best-in-class energy efficiency elevators offerings and People Flow Intelligence solutions like the destination operating panel, enhance the user experiences, contributing to development of smarter cities and buildings.

In June 2014, KONE Malaysia was awarded the contract to supply elevators, escalators and KONE People Flow Intelligence solutions including KONE highly innovative Destination Control System to KL118 Tower (Warisan Merdeka), a 118-storey mixed use tower developed by PNB Merdeka Ventures Sdn Bhd in Kuala Lumpur, Malaysia. KL118 is expected to be the tallest building in Malaysia upon its completion. KONE is also the provider of people flow solutions for Hatten City, a mixed-use development in Malacca, Malaysia. Its residential tower, Silverscape is among one of the highest building in the State of Malacca.

KONE has operated in the Malaysia since 1985 and acquired Fuji Lift & Escalator in 2006. Today, KONE is one of the fastest growing elevator and escalator companies in the Malaysia. Globally, KONE has over 1,000 offices in some 50 countries.

For further information, please contact:
Jove Xu, Marketing and Communications Manager, Southeast Asia, KONE Pte Ltd tel. +65 6424 6246, jove.xu@kone.com

Previously published press releases are available at www.kone.com/press including:
June 25, 2014: KONE wins an order for KL118 Tower, the tallest building in Malaysia
October 1, 2013: First KONE UltraRope(TM) installed in Marina Bay Sands, Singapore, in time for the World Architecture Festival
April 10, 2012: KONE's solutions will Optimize People Flow at Hatten City Project in Malaysia

About KONE
KONE is one of the global leaders in the elevator and escalator industry. KONE'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. KONE provides industry-leading elevators, escalators, automatic building doors and integrated solutions to enhance the People Flow in and between buildings. KONE's services cover the entire lifetime of a building, from the design phase to maintenance, repairs and modernization solutions. In 2013, KONE had annual net sales of EUR 6.9 billion, and at the end of the year over 43,000 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland.

www.kone.com

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