Market Trends
Lessons From China
India can expand the scope for “Made in India” VT across domestic and international markets. India, the third-biggest economy with the fifth position in the world Gross Domestic Product (GDP)...
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...
