Escalators
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...
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...
Schmersal Group Names Ramji Singh As Managing Director
The Schmersal Group has appointed Ramji Singh as the new managing director of its subsidiary Schmersal India Pvt. Ltd. The takeover of the management comes into force with immediate effect....
Escalator Upgrade in Store For Pennsylvania Airport
Thanks to US$3 million in federal funding announced by U.S. Senators Bob Casey and John Fetterman of Pennsylvania on October 22, Harrisburg International Airport in Dauphin County, Pennsylvania, will be...
120 New TKE Units Part of New Sydney Metro City Line
TKE announced on October 22 that 190 new vertical-transportation (VT) units are a key part of the newly inaugurated Sydney Metro City Line in Sydney, Australia. The TKE escalators and...
Elderly Woman Insured in Escalator Mishap in Boston
An 84-year-old woman was injured on October 15 when she fell on an escalator at the Massachusetts Bay Transportation Authority (MBTA) Tufts Medical Center station in Boston, CBS News is...
India Railway Station Redevelopment Nearly 50% Complete
Redevelopment of the Mumbai Rail Vikas Corp. (MRVC) Ghatkopar Railway Station, a key suburban Mumbai, India, metro hub, is nearly 50% complete, The Free Press Journal reports. The first phase,...
Brooklyn Hospital Center Secures US$2 Million for Escalator Work
Leaders at the Brooklyn Hospital Center in Brooklyn, NY, were joined by NY State Sen. Andrew Gounardes on October 16 to announce US$2 million in state funding for modernizing the...
Hitachi Lift India Receives Order for 56 Elevators and Escalators
Hitachi Ltd. announced on October 17 that Hitachi Building Systems Co. Ltd. and Hitachi Ltd. subsidiary Hitachi Lift India Pvt. Ltd. secured an order for 56 elevators and escalators for...
Inaccessibility at Key NYC Subway Station Focus of Meeting
The most recent Elevator Lobby meeting on October 7 focused on the continued battle for accessibility improvements — namely, an elevator and modernized escalators — at a key Metropolitan Transportation...
