SINGAPORE, Jan. 13, 2025 /PRNewswire/ -- KONE Corporation, a global leader in the elevator and escalator industry, has won an order to provide a suite of People Flow® solutions for the Peninsula Integrated Resort by Chinese foreign investment firm, Peninsula Bay Investment Co., Ltd. Constructed in Sihanoukville – a popular tourist destination in Cambodia's Preah Sihanouk province – the development contributes to broader efforts to strengthen the country's image as an economic hub.
Once completed in 2026, the mega mixed-use development will be a prominent feature of Cambodia's most popular beach resort, helping to attract both foreign tourists and businesses. Located in a prime location, the complex will offer retail, dining, cultural and entertainment facilities and house a five-star hotel with approximately 2,870 rooms, including offices and serviced apartments.
Edward Loy, KONE Managing Director for Southeast Asia, says: "The demand for smarter and more sustainable vertical transportation is rising and KONE is proud to be delivering in the Southeast Asia region for over 45 years. Through our people flow partnership with Peninsula Bay Investment, the upcoming lifestyle and commercial hub in Sihanoukville will enable KONE to expand our regional footprint, meeting rapidly evolving user demographics and increase in urbanization."
The order comprises 108 elevator units, including 38 KONE N MonoSpace®, two KONE S MonoSpace®, 57 KONE N MiniSpaceâ„¢ passenger elevators, 10 KONE MiniSpaceâ„¢ high-speed passenger elevators, and one KONE TranSysâ„¢ DX heavy-duty elevator, as well as 20 KONE TravelMasterâ„¢ 110 commercial escalators and KONE E-Linkâ„¢ monitoring. KONE will handle the manufacturing, while installation and maintenance will be managed by one of its two exclusive local distributors, Octech Electric Company Limited.
The project is due to start in Q1 2025. The developer is Peninsula Bay Investment, and the main contractor is China State Construction Engineering Corporation. The architectural design was done by ADC.
KONE booked the order in Q4 2024.
About KONE
At KONE, our purpose is to shape the future of cities. As a global leader in the elevator and escalator industry, we move two billion people every day, making their journeys safe, convenient, and reliable with smart and sustainable People Flow®. In 2023, KONE had annual sales of EUR 11.0 billion, and at the end of the year over 60,000 employees in more than 60 countries. KONE class B shares are listed on the Nasdaq Helsinki Ltd (HEL: KNEBV).
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
KONE to equip a five-star hotel and commercial complex in Sihanoukville, Cambodia
TAIPEI, Feb. 7, 2025 /PRNewswire/ -- The Taiwan External Trade Development Council (TAITRA) will present Taipei AMPA and E-Mobility Taiwan under the new "360° MOBILITY Mega Shows" brand at Nangang Exhibition Hall 1 from April 23-26, 2025. Running concurrently with these shows will be the Autotronics Taipei, collectively establishing Asia's most comprehensive mobility industry exhibition platform.
In 2024, these flagship shows attracted over 50,000 professional visits and media representatives from 120 countries. The 2025 edition, themed "Drive Smart, Drive Sustainability," will focus on three key areas: Diverse Innovation, Sustainable Future, and Mobility Ecosystem. The exhibition will feature 13 specialized zones covering parts & components, customizing & accessories, automotive lighting, mobility technology, autonomous and electric vehicles, and motorcycle components, showcasing the latest technologies and future trends.
With the global automotive industry's shift toward electrification and smart technology, the newly established Mobility Technology and Mobility Energy Solutions areas will feature industry leaders, such as CUB ELECPARTS, DELTA ELECTRONICS, ETREEGO, HD RENEWABLE ENERGY, SHIHLIN ELECTRIC, TEXAS INSTRUMENTS, and ZEROVA TECHNOLOGIES. These companies will showcase cutting-edge mobility solutions and innovative technologies. In the automotive components sector, leading manufacturers AISIN ELITE, GORDON, KUO CHUAN PRECISION, NAN HOANG, and SONAR AUTO PARTS will demonstrate their technological expertise, while EAGLE EYES and JUST AUTO LIGHTING will lead the automotive lighting segment with innovative lighting solutions.
Industry forecasts project Taiwan's automotive electronics production value to exceed NT$600 billion in 2025, with electronic components expected to make up over 50% of total vehicle costs. The automotive electronics zone will showcase leading manufacturers including E-LEAD ELECTRONIC, JET OPTOELECTRONICS, KAI SUH SUH, MiTAC, MSI, and TA YA ELECTRIC WIRE & CABLE, highlighting Taiwan's competitiveness in the global market.
To foster industry exchange and innovation, TAITRA will host key events, including the "360° MOBILITY Forum", where industry experts share insights on global market trends and technological developments. Additionally, the fourth annual "ESG Achievement", in partnership with international certification authorities, will recognize companies demonstrating excellence in sustainable development, encouraging broader industry adoption of sustainability practices.
The 360° MOBILITY Mega Shows demonstrate Taiwan's innovative capabilities in the mobility sector while providing an excellent platform for industry professionals to collect, explore global trends, and foster business opportunities. International visitors can obtain badges by presenting the QR code from their pre-registration confirmation email along with two business cards. For more information and pre-registration: https://www.taipeiampa.com.tw/en/.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
AMPA, E-Mobility, and Autotronics 2025: Creating a Comprehensive Smart Mobility Exhibition Platform