Business News
OEMs and independents see shakeups around the world.
IGV Names CEO/General Manager Michele Suria has been named Milan, Italy-based IGV Group SpA’s CEO and general manager. Citing “extensive experience in management consulting and general management of small and...
Business Down South
Major development in Atlanta; contract in Charlotte thyssenkrupp Breaks Ground, Lands Government Contract thyssenkrupp broke ground on April 18 on its new Innovation and Qualification Center (IQC), part of a...
A factory purchase and new training center make headlines.
Canadian Manufacturer Buys Factory From Spain’s Torgar Quebec, Canada-based equipment supplier Fraco Products Ltd. has acquired the factory of Zaragoza, Spain-based Torgar, a Spanish company that has manufactured elevator equipment...
OEMs announce important wins.
KONE 401 Units for Singapore MRT System KONE has won an order to supply 218 elevators and 183 escalators to stages four and five of the Thomson-East Coast Line of...
Changing roles, an airport contract and an achievement
TateossianPromotedto Senior VP of NEIP at HUB Tateossian John Tateossian has been promoted to senior vice president of the National Elevator Insurance Program (NEIP) of HUB International Ltd. Previously serving...
Tenders let for all kinds of industry equipment around the world.
thyssenkrupp Largest Order to Date in Bahrain Sixteen thyssenkrupp elevators and two escalators were installed in the 200-m-tall United Tower in Manama, Bahrain, representing the company’s largest order to date...
Major news from OEMs, training and honors
thyssenkrupp to Spin Off Elevators as Part of Split thyssenkrupp announced on September 27 it would split the company into two listed entities — thyssenkrupp Industrials with roughly 90,000 employees...
OEMs and suppliers win work, grow and form partnerships.
Hyundai in China, South Korea and Malaysia, and JV in Vietnam 65 Units in Harbin, China, Metro Extension In one of several announcements in the summer Hyundai Elevator Newsletter, the...
Acquisition has global impact; growth in Australia and Georgia.
Savaria to Acquire Garaventa Savaria Corp. agreed in July to acquire the issued and outstanding shares of Garaventa Lift for a total purchase price of approximately CHF74 million (US$74.27 million),...
Acquisitions and contracts
Otis Tapped for 200-Plus-Unit Project in Las Vegas Malaysia’s Genting Group, owner of Resorts World Las Vegas, has hired Otis to provide more than 200 units for its new US$4-...
