DCN ARCHIVES

September 6, 2007

KONE to supply Chicago’s Mandarin Oriental Tower with elevators

CHICAGO

Kone has received a contract from Bovis Lend Lease on behalf of Palladian Development for the design, delivery and installation of all elevators for the new 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 metres (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-storey 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,” said Kone’s Vance Tang.

“We are also extremely pleased to work with the Mandarin Hotel in their first luxury project in Chicago.”

The hotel and residences will be equipped with 14 Kone MiniSpace 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.

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.

DCN News Services

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