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KONE to upgrade and modernize elevators and provide new escalators to improve access at GSH Plaza in Singapore

Press Release Published 12/23/2015

KONE Singapore, press release, December 23, 2015

KONE, a global leader in the elevator and escalator industry, has been selected by Plaza Venture Pte Ltd (a subsidiary of GSH Corporation Limited and the owner of GSH Plaza) as its key modernization partner for GSH Plaza, a 28-storey mixed development in the Central Business District (CBD) of Singapore. Formerly known as Equity Plaza, GSH Plaza will be featuring 259 strata office units, retail shops as well as food and beverage outlets.

KONE was entrusted with the task of upgrading and modernizing 11 elevators, equipping them the high-efficiency KONE EcoDisc® hoisting machines and regenerative drives that boost sustainability through reduced energy use as well as the elevators’ door and signalization systems. The modernized elevators will have a travel speed up to 6m/s. In addition, 2 KONE S MonoSpace® elevators and 2 KONE TravelMasterTM 110 escalators will be introduced to the building. These solutions will help to enhance and optimize people flow in GSH Plaza.

“We are honoured to be selected to be the supplier for the building’s vertical transportation needs. The building will be transformed into a Grade A strata titled office in the heart of Singapore’s financial and business districts. Our team is committed to provide a more comfortable and energy-efficient elevator and escalator rides, deliver the best People Flow® experience for the tenants and visitors of GSH Plaza,” says KONE’ Anthony Tan, Managing Director, Singapore.

The order was booked in the second quarter of 2015.

Previous press releases on KONE’s order available at including:

Jul 14, 2015: KONE Ultrarope chosen to modernize New Zealand's iconic Sky Tower

Jan 23, 2014: KONE's new modernization solution will ease the lives of residents by offering the shortest elevator downtime

Jan 03, 2014: KONE to modernize elevators to improve access to six busy London Underground Stations

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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