KONE to Supply Elevators for the Commercial Development area at
Jupiter Mills in Mumbai
KONE Corporation, Press Release, November 13, 2007
KONE has received a major order from Indiabulls Properties Pvt Ltd
for the design, supply and installation of 40 elevators for the
Jupiter Mills high-end commercial development area in South Mumbai in
India. The project involves the construction of two signature
buildings, which are designed by the renowned architect Hafeez
"This order is an important indication of KONE's strong presence in
the high-end segment in India. We are delighted to continue
participation in the re-development of Mumbai as a modern city," says
Pekka Kemppainen, KONE EVP and Area Director for the Asia-Pacific
The Jupiter Mills development is the first of its kind in Mumbai's
emerging central business district and thus represents the start of a
new phase of development in Mumbai City. The project comprises two
towers of 92 meters and one of 84 meters. The development will
include a large central landscaped plaza, fine dining restaurants,
recreation areas and world-class office premises.
10 of the installed elevators will be customized glass elevators. The
installation of the equipment is expected to begin in December 2007
and to be completed in June 2008.
KONE has been present in India since the early 1980s, and today it is
one of the leading suppliers of elevators and escalators in the
country. Earlier this year, KONE was chosen to supply all elevators
for the second phase of the construction process of the Delhi Metro
Indiabulls Properties is a Mumbai-based real estate company focusing
on high-end commercial spaces, premium residential developments,
malls and special economic zones.
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, please contact:
Minna Mars, SVP, Corporate Communications & IR, tel. +358 (0)50 384
or +358 (0)204 75 4501