Kone to provide ‘world’s fastest’ elevators for Kingdom Tower

Updated 07 June 2014

Kone to provide ‘world’s fastest’ elevators for Kingdom Tower

Jeddah Economic Co, owner and developer of Kingdom Tower and Kingdom City in Jeddah, has selected Kone as the vertical transportation provider to deliver the world’s fastest and highest double-decker elevators to Kingdom Tower.
Kingdom Tower is expected to rise to the height of more than one kilometer upon completion in 2018.
Featuring Kone’s people flow solutions, the building will have the world’s fastest double deck elevators with travel speed of over 10 m/s as well as the world’s highest elevator rise at 660 meters.
Kingdom Tower will house offices, a Four Seasons hotel and serviced apartments, residential apartments as well as the world’s tallest observation spot.
“We have been highly impressed with Kone’s innovative solutions to high-rise buildings,” Mounib Hammoud, CEO of Jeddah Economic Company, was quoted as saying in a press release.
“This is another cornerstone for a development of this magnitude and we look forward to creating this landmark building in all standards,” he said.
Noud Veeger, executive vice president for Kone in Asia Pacific and Middle East, said:
“Close cooperation between all project partners, and with KONE Areeco team locally, our technical professionalism and people flow planning expertise was a winning combination in helping us land the order.”
He said: ‘We hail this project with great excitement.”
The building will be equipped with altogether 65 Kone elevators and escalators.
The order includes Kone Double Deck MiniSpace elevators with revolutionary Kone UltraRope hoisting technology.
Kone UltraRope is a new high-rise elevator technology that is set to break industry limits and enable future elevator travel heights of 1 kilometer — twice the distance currently feasible. The KONE UltraRope technology eliminates the disadvantages of conventional steel rope and opens up a world of possibilities in high-rise building design.
The Kone equipment in Kingdom Tower will include 21 KONE MonoSpace elevators, 29 Kone MiniSpace elevators, seven Kone DoubleDeck MiniSpace elevators and eight Kone TravelMaster 110 escalators.
To complement the building’s exclusive look, Kone will provide the customer with tailor-designed car interiors and landing doors as well as latest People Flow Intelligence solutions including Kone Destination Control Systems and premium Kone Infoscreen displays.
Other special solutions include KONE E-Link remote monitoring systems, as well as an occupant evacuation operation system for emergency situations.
The order includes a 10-year equipment maintenance contract.


New emissions blow for VW as German court backs damages claims

Updated 26 May 2020

New emissions blow for VW as German court backs damages claims

  • Scandal has already cost firm more than €30 billion; ruling serves as template for about 60,000 cases

KARLSRUHE, Germany: Volkswagen must pay compensation to owners of vehicles with rigged diesel engines in Germany, a court ruled on Monday, dealing a fresh blow to the automaker almost 5 years after its emissions scandal erupted.

The ruling by Germany’s highest court for civil disputes, which will allow owners to return vehicles for a partial refund of the purchase price, serves as a template for about 60,000 lawsuits that are still pending with lower German courts.

Volkswagen admitted in September 2015 to cheating in emissions tests on diesel engines, a scandal which has already cost it more than €30 billion ($33 billion) in regulatory fines and vehicle refits, mostly in the US.

US authorities banned the affected cars after the cheat software was discovered, triggering claims for compensation.

But in Europe vehicles remained on the roads, leading Volkswagen to argue compensation claims there were without merit. European authorities instead forced the company to update its engine control software and fined it for fraud and administrative lapses.

Volkswagen said on Monday it would work urgently with motorists on an agreement that would see them hold on to the vehicles for a one-off compensation payment.

It did not give an estimate of how much the ruling by the German federal court, the Bundesgerichtshof (BGH), might cost it.

Volkswagen shares were 0.5 percent lower. The BGH’s presiding judge had signaled earlier this month he saw grounds for compensation.

Costs mount

“The verdict by the BGH draws a final line. It creates clarity on the BGH’s views on the underlying questions in the diesel proceedings for most of the 60,000 cases still pending,” Volkswagen said.

A lower court in the city of Koblenz had previously ruled the owner of a VW Sharan minivan had suffered pre-meditated damage, entitling him to reimbursement minus a discount for the mileage the motorist had already
benefited from.

The court at the time said he should be awarded €25,600 for the used-car purchase he made for €31,500 in 2014.

“We have in principle confirmed the verdict from the Koblenz upper regional court,” said BGH presiding federal judge Stephan Seiters.

Volkswagen had petitioned for the ruling to be quashed altogether by the higher court, while the plaintiff had appealed to have the deduction removed.

A Volkswagen spokesman said that outside Germany, more than 100,000 claims for damages were still pending, of which 90,000 cases were in Britain.

The carmaker also said it had paid out a total of €750 million to more than 200,000 separate claimants in Germany who had opted against individual claims and instead joined a class action lawsuit brought by a German consumer group.

The carmaker said last month it would set aside a total of 830 million for that deal.

In a separate court, Volkswagen agreed last week to pay €9 million to end proceedings against its chairman and chief executive, who were accused of withholding market-moving information before the emissions scandal came to light.