KONE to Supply 36 Elevators for Nanjing Supertall KONE has won an order to provide 36 elevators featuring its UltraRope® carbon-fiber ropes for a supertall development in Nanjing, the company announced in April. The 416.6-m-tall tower, being developed by Nanjing Financial City Construction and Development Co., Ltd., will be the tallest of five high-rise buildings…
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thyssenkrupp to Provide 83 Units for Bhartiya City thyssenkrupp Elevator (India) Pvt. Ltd. has been chosen by Bhartiya International Ltd. to equip Bhartiya City’s various upcoming projects, such as a hotel and convention center, banquet hall, branded residences by a major hospitality corporation and a retail project with a cineplex. It will provide 48 elevators,…
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Schindler to Supply 176 Units for Melbourne Metro Schindler has won a contract to supply 103 escalators and 73 elevators for the Metro Tunnel Project in Melbourne, largest-ever public transportation project in the state of Victoria, the company announced in March. The project involves the construction of two 9-km rail tunnels and five new underground…
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Rail System Seeks Bids for Nearly 300 VT Units HS2, the U.K.’s high-speed rail network, has launched a search for contractors to design, deliver and maintain almost 300 vertical-transportation (VT) units for four major new stations, the system announced in April. The contracts, valued at up to GBP465 million (US$574.5 million), call for about 168…
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Otis Becomes Independent, Publicly Traded Company Otis completed its separation from United Technologies Corp. (UTC) and began trading on the New York Stock Exchange the morning of April 3 as NYSE: OTIS. Otis said it is well-positioned for sustained, long-term growth due to urbanization, a growing middle class and digitization. Otis reported sales of US$13.1…
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Crisis creates supply shortages, forces changes in plans. NMHC COVID-19 Survey: Elevators Among Shortages A National Multifamily Housing Council (NMHC) survey on how the COVID-19 pandemic is affecting projects found that members are dealing with “unprecedented delays” resulting from labor, permitting issues and materials shortages, citing elevators as an example, the Commercial Observer reported in…
Read More Garden City, New York-based Elevator Systems, Inc. (ESI) announced an equity partnership with ShoreView Industries in April. ESI designs, assembles, tests and delivers elevator controllers and ancillary products to elevator service providers. ShoreView is a Minneapolis-based private equity firm that has raised more than US$1.3 billion of committed capital across four funds. ShoreView partners with…
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Goettsch Partners (GP) Senior Project Designer Vladimir Andrejevic said in April that some residents of Alcove, a striking, 34-story tower planned in Nashville, Tennessee, next to the Amazon-anchored Nashville Yards, will be able to “step off the elevator and immediately overlook the city.” Views of the city skyline will join amenities including four communal outdoor…
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Developers of a pair of residential high rises in Chicago’s Lakeshore East neighborhood have acquired US$283 million in construction financing, The Real Deal reported in March. Lendlease and Magellan Development are planning a combined 853 units for the two towers — 13 fewer than originally planned. The 47-story Cirrus has already begun sales of its…
Read More Ken Schmid Selected to Lead KONE Americas KONE has named Ken Schmid executive vice president for KONE Americas, the top leadership role in the division, the company announced in March. Schmid previously served as senior vice president, finance, and a member of the company’s Global Finance Leadership Team since 2005, and has been interim leader…
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