Business News
Acquisitions, partnerships and expansion
Titan to Build New Building in LIC Titan Machine Corp.’s plan for a 21-story mixed-used building has been approved for commercial zoning at Titan’s current location at 42-11 Ninth Street...
A partnership, promotions, a factory opening and vows to change
AFAG Messen, Virgo Communications Join Forces Augsburg, Germany-based AFAG Messen und Ausstellungen GmbH and Bangalore, India-based Virgo Communications and Exhibitions are partnering, the tradefair organizers announced in August. AFAG’s trade...
A partnership and an honor
Collaboration With Georgia Tech BAC thyssenkrupp Elevator has partnered with the Business Analytics Center (BAC) at the Georgia Institute of Technology’s Scheller College of Business in Atlanta to “apply business...
“A Beacon of Engineering Excellence”
thyssenkrupp Elevator’s new North American HQ, including the tallest test tower in the Western Hemisphere, closes in on completion near Atlanta. by Kaija Wilkinson photos by Ron Acord for thyssenkrupp...
Contracts and tall plans for Hong Kong, Shenzhen and Shanghai
Hitachi Supplying 300-Plus Units for Metros Hitachi Elevator (China) Co., Ltd. won bids to supply more than 300 units of vertical-transportation (VT) equipment for two metro expansions, the company announced...
Acquisitions, moves, contracts, pandemic responses and more
Prysmian Group to Acquire EHC Global Prysmian Group announced on July 22 it will acquire 100% of EHC Global, “a complementary add-on to Prysmian’s Draka` Elevator business.” Draka offers more...
A shift in identity and a pandemic-driven partnership
Standard Elevator Systems Is Torin’s New U.S. Brand Torin Drive International LLC, based in Memphis, Tennessee, announced its new U.S.-registered brand — Standard Elevator Systems — on July 1. The...
Hyundai, KONE, TÜV SÜD and Otis see changes.
High-Speed Hyundai Unit Uses Carbon Fiber Belts Hyundai Elevator has announced the development of a high-speed elevator using carbon fiber belts instead of traditional ropes, BusinessKorea reported in May. According...
Deals made throughout the country.
Lift AI Pilot Program With MBTA In partnership with Newark, Delaware-based Liberty Elevator Experts, Internet of Things company Lift AI is starting a pilot elevator-monitoring program with the Massachusetts Bay...
Changes for Otis, Prisma, Schmersal and Hyundai
Otis Becomes Independent, Publicly Traded Company Otis completed its separation from United Technologies Corp. (UTC) and began trading on the New York Stock Exchange the morning of April 3 as...
