Unite to Create Cozy& Safe Home
-AllegionSuccessfully Signed theStrategic Co-operation Agreement with Vanke,China #1 Residential Developer
Shanghai, Feb. 25th, 2015– Allegion (NYSE: ALLE), a leading global provider of security products and solutions, today announced that Allegion Security Technologies (China) Co., Ltd., the subsidyof Allegion in China, has successfully signed a two-year strategic cooperation agreement with China Vanke Co., Ltd.(Abb.: Vanke), which is the largest residential developer in the world. With the advantage of its global leading innovative technology, 100-year brandslegacyand customer oriented product and services,Allegion finally won the project in the severe competition. The total estimated delivery value is several million US dollars. The big win of the signing of the strategic cooperation agreement, has proved Allegion’s capability of offering the tailored productsand service to the high-end residential developers in China.
According to the agreement,a large quantity of new houses developed in the following 2 years by Vanke, will be installed with Allegion’sSchlage FD SeriesChina NationalStandard Anti-Burglary Mortise locks on its entrance door. Itslockcase has been certified with the Grade B of China HighestNational Standard for mechanical anti-burglary locks, and its cylinder has been certified with the Grade B+, beyond Grade B of China Highest National Standard for mechanical anti-burglary locks. All key parts are made from304 stainless-steel. Its life cycle reaches 200,000 (which meet EN standards, and beyond the life cycle requirements of Grade B ofChina Highest National Standards:100,000).Schlage FD SeriesChina NationalStandard Anti-Burglary Mortise locks are specially customized for the entrance doors of new houses developed by Vanke to improve Vanke community’s security and safety level and create a cozy and safe living environment for all Vanke house owners.
Vanke is the first residential developers in China to reach the annual sales value of over hundred billion RMB, and now it is the largest residential developer in China and the world. In 2014, Vanke’sannual salesrevenue is over US$ 36 Bn and the annual sold houses quantity is over 100,000. The co-operation with Allegion not only meets the needs on security from more and more home owners:at least theentrance door locks must be certified withGrade B of China HighestNational Standard for mechanical anti-burglary locks, but also interpretsVanke’s principle of striving to create a cozy home and a safe community for owners with careful selection on the products for its new developed houses.
Mr. Zhou Feng , National KA Leader, Allegion China, said, "During my 1st visit toVanke, I found that as the largest residential developer in China, Vankerequires all entrance door locksare at leastthe Grade B of China Highest National Standard for mechanical anti-burglary locks with stable qualityand long life cycle. And the bidding rivals are famous domestic and international lock manufacturers. Anllegionwon the bid with the integrated internal resources, quick reaction to customer’s needs and customized samples offering with high quality. It is one powerful proof on our service capacity meeting thehigh levelresidentialdevelopers, as well as the solid foundation for future strategic cooperation with more residential developers in China. "
Mr. William Yu, Senior Vice President and President of Asia Pacific, Allegion, commented,"Though Allegionowns many famous international brands with a great number of ANSI or EN standard products, how to meet China customers’ individualized demands is very critical to guarantee Allegion’srapid business growth in China. By international R&D and manufacturing experience, we haveconfidenceand capability to offer customized door hardware products and service for Vanke and other residential developers. Now we only tailored entrance door locks for Vanke, but we believe that in future Allegion China will co-operate with more developers via moreproduct lines, such as electronic lock, interiordoor lock for each house, and the doorcloser and exit device for public area."
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Allegion (NYSE:ALLE) creates peace of mind by pioneering safety and security. As a provider of security solutions for homes and businesses, Allegion , a constituent of the S&P 500®, employs more than 8,000 people and sells products in more than 120 countries across the world. Allegion comprises 25+ global brands, including strategic brands CISA®, Interflex®, LCN®, Schlage® and Von Duprin®.
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