Market Trends

Accessibility for a Healthier Tomorrow

How a hospital construction boom in Morocco is driving the VT market Morocco’s multibillion-dollar plan to build modern health facilities is expected to drive demand for vertical-transportation (VT) equipment and...

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...

Revamped Toronto Tower Plan Points to Post-Pandemic Trend

H&R REIT has resubmitted plans for its tower development at 310 and 330 Front Street West in Toronto’s Entertainment District to add a residential tower and eliminate an office building,...

Fortune India Talks to Otis CEO About Regional Market Trends

Fortune India published a piece on October 7 in which the author interviewed Otis Chair, President and CEO Judy Marks about market trends and company strategy in areas including North...

Plan to Expand and Diversify Seoul Bank Part of Larger Trend

Woori Bank's plan to transform its circa 1950 Euljiro branch in Seoul, South Korea, which closed in July, from a five-story mid-rise into a 19-story high-rise with seven underground levels...

Transformative Construction Boom in KSA and U.A.E.

A look at major projects and what’s driving them by Ehtesham Ahmed The Middle East has been experiencing a transformative construction boom, especially in the Kingdom of Saudi Arabia (KSA)...

Holding Steady

EW survey of the North American VT industry reveals challenges and opportunities. ELEVATOR WORLD’s recent survey of the North American vertical-transportation (VT) market, conducted in late March, paints a picture...

Critical Situation

Russia needs to replace 100,000 elevators by 2025, but challenges loom. by Eugene Gerden The situation in the Russian elevator sector continues to deteriorate as ever-tightening sanctions and chronic underfunding...

A Tower of Success

Moroccan billionaire's dream transforms Africa's skyline. Othman Benjelloun is a Moroccan billionaire banker whose many investment ideas may have translated into reality over the years. But accomplishing his dream of...

Year in Review: Tall Trends of 2023

CTBUH report details a record-breaking year. submitted by CTBUH The year 2023 was a record-breaking one for tall building completions, with 177 buildings of 200 m or greater in height...

U.A.E.’S NATIONAL ELEVATOR APPROACHES 40TH ANNIVERSARY

U.A.E.’s National Elevator Approaches 40th Anniversary

The tradeshow floor at the 2023 edition of GEE Milano; image courtesy of Fiera Milano S.p.A.

GEE Milano to Focus on Modernization, Software and More

Chmielewski

In Memoriam: Ed Chmielewski

The building is being completely gutted and historical elements carefully preserved; photo by Brock Glenn.

G-Tech Elevator Rises to Challenge at Flatiron Building

TREVOR RODRICKS PASSES AWAY

Otis Veteran Trevor Rodricks Passes Away