Elevators
Mayar Inks Agreement With China’s Shenyang Yuanda
Riyadh, Saudi Arabia-headquartered Mayar Holding Co. subsidiary Gulf Elevators & Escalators Co. signed a partnership agreement with China's Shenyang Yuanda Intellectual Property Group Co., Tadawul reports. Under the agreement, Mayar will produce...
Stannah Raises Funds for UK Lift Industry Charity
Stannah, a leading U.K. lift specialist established in 1867, announced that 32 of its colleagues participated in a thrilling and challenging charity abseil (rappel) at the iconic Northampton Lift Tower...
Southern Elevator To Support Hurricane Helen Relief
The Southern Elevator Co. will support relief efforts for North Carolina citizens affected by Hurricane Helene by leveraging its NASCAR partnership with Ryan Ellis and Alpha Prime Racing and encouraging...
Innovatec India Obtains Certification For Door-Locking Devices
Innovatec India Pvt. Ltd. recently obtained certification for its landing door-locking devices for the first time, enabling CE marking in full compliance with Directive 2014/33/EU. The achievement marks a significant...
Otis Faces Below-Expected 3Q Earnings, Cuts 2024 Projection
The Dow Jones reports that Otis posted third-quarter (3Q) earnings of US$540 million, or US$1.34 a share, up from US$376 million, or US$.91 a share, a year earlier. Excluding certain...
SIMS4Lifts Gears Up For QR and eSIM Technology
The U.K.’s SIMS4Lifts has unveiled plans to adopt emerging QR and eSim technology. Established by experienced telecom experts Chaim Grunfeld and Chaim Berkowicz to help lift operators make the all-important...
Fermator Distributor Hosts BBQ With Longtime Client
Femator distributor Global1Partners Deutschland hosted a special BBQ on September 9 with longstanding client Johan Schum Aufzugtechnik GmbH. Held at Global1Partners Deutschland’s Hallbergmoos, Germany, premises, the event was attended by...
Inovance Technology India Opens New Branch in Surat
Inovance Technology India announced on October 29 it opened a new branch in Surat, Gujarat, marking a significant milestone in the company's ongoing commitment to its growing domestic customers. Located...
Japanese OEM Fujitec Exploring Sale to Private Equity
Japanese OEM Fujitec is in talks with private equity groups, including Sweden’s EQT, about a potential sale of its approximately US$2.1-billion elevator and escalator business, the Financial Times reports. The...
NAESA International Awards 2024 John Steele Scholarships
NAESA International recently announced the 2024 John Steele Memorial Scholarship winners. In evaluating seven applications for the scholarship, the “process went well with very tight scoring between the applicants,” according...
