Business News
Record-breaking escalators and a new application for mixed-reality technology
Company’s Highest-Ever Escalators for Baku Metro thyssenkrupp has won an order to supply 25 escalators to the Baku Metro in Baku, Azerbaijan. The order includes the highest escalators ever produced...
OEMs, Elevator World make big announcements.
Orona Announces Acquisition, Projects at AGM Hernani, Spain-based manufacturer Orona announced the approval of its 2016 financial statements and other items at its annual general meeting (AGM) in March. It...
Test tower completion, expansions and partnership
AMEC Thailand Test Tower Now Operational Mitsubishi Elevator Asia Co. Ltd. (AMEC) has completed its 68.3-m-tall, 287-m2 test tower in Chonburi Province, Thailand, complementing its R&D and production capabilities there...
Hitachi, thyssenkrupp look to the future of growing markets.
Hitachi: Thailand Training Center, Cambodia Joint Venture Hitachi, Ltd. and Hitachi Building Systems Co., Ltd. have opened their Asia Training Center, a facility that includes classroom, virtual and hands-on training,...
OEM plans to expand, and a goal is achieved.
Hyundai Adding India Office, Plans Turkey Plant Hyundai Elevator Co. of South Korea plans to acquire or build a factory in Turkey, having entered the market last year, South Korean...
Acquisitions, partnerships, milestones and job orders from around the world
Orona Acquires Norwegian Manufacturer Spanish elevator manufacturer Orona acquired Scan Heis AS in January. The 26-year-old Bergen, Norway-based company manufactures elevators and components, and modernizes, repairs and runs a security...
Global companies acquire, discuss strategies.
Alimak Acquires Avanti Wind Systems Alimak Group has acquired Avanti Wind Systems, a supplier of service lifts for wind turbine towers worldwide. Established in 1885 and with factories in Brazil,...
Acquisitions and an expansion
Ohio-Based Canton under New Ownership Canton Elevator, Inc., of North Canton, Ohio, has been acquired by Nidec Motor Corp., the St. Louis subsidiary of Nidec Corp. of Japan. Nidec noted...
High growth rates, acquisition and other moves
Hitachi Establishes Vietnam Subsidiary Citing rapid urban growth, Hitachi, Ltd. has established wholly owned subsidiary Hitachi Elevator Vietnam Co., Ltd., headquartered in Ho Chi Minh City, Vietnam. In 2015, Hitachi...
Purchases, partnership and a new location
Orona Announces Latest European Acquisitions Hernani, Spain-based Orona announced it has acquired its fourth and fifth companies this year, Krakdzwig of Krakow, Poland, and Estrela Elevadores of Leiria, Portugal, expanding...
