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KONE to supply elevators to Masteri Thao Dien in Ho Chi Minh City, Vietnam

Press Release Published 09/02/2015

KONE Vietnam, press release, September 2, 2015

KONE, a global leader in the elevator and escalator industry, will supply 40 elevators to Masteri Thao Dien, a luxury residential development in District 2, Ho Chi Minh City, Vietnam.

Situated in front of Hanoi Highway, Masteri Thao Dien will house high-end apartments, commercial offices, a shopping centre and other recreation facilities such parks, swimming pools, a playground and sport centre in an eight-hectare site. The shopping centre, Vincom Mega Mall Thao Dien, an investment of Vingroup, will be the biggest shopping centre in the east of Ho Chi Minh City and will be linked to the An Phu metro station that is slated to commence operations in 2018.

KONE will supply 40 KONE S MiniSpace(TM) elevators with a travel speed of 3m/s to Masteri Thao Dien. Powered by the energy-efficient KONE EcoDisc(TM) hoisting machine, KONE S MiniSpace(TM) elevators will consume less energy, achieve lower thermal losses than traditional machines, resulting in greater energy savings.

“We are extremely pleased that Masteri Thao Dien chose KONE as its supplier for this project and serve the growing urban population of Ho Chi Minh City with our pioneering eco-efficient solutions,” says Neeraj Sharma, Executive Vice President for KONE Asia Pacific and Middle East.

Masteri Thao Dien is developed by Thao Dien Investment JSC, and is scheduled to be completed by end of 2016.

The order was booked in the second quarter of 2015.

Previous press releases on KONE’s order available at including:
June 25, 2014: KONE wins an order for KL118 Tower, the tallest building in Malaysia
April 4, 2014: KONE wins an order for a multiuse complex District 8 in Jakarta's financial center in Indonesia

For further information, please contact:
Jove Xu, Marketing and Communications Manager, Southeast Asia, KONE Pte Ltd, tel. +65 6424 6246,
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 2014, KONE had annual net sales of EUR 7.3 billion, and at the end of the year over 47,000 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd. in Finland.

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