Daily News
Hyundai Elevator Solar Power System To Help Cut Emissions
Hyundai Elevator announced it has completed the installation of a 6-megawatt solar power system at its Shanghai Smart Campus, The Korea Herald reports. The system, which begins full-scale operation in...
Otis Dedicated to Investing in China’s Digital Future
Otis Elevator Co. says it is dedicated to enhancing R&D efforts in China to serve both local and international markets and is seeking further adoption of personalized AI solutions, Sally...
New Jersey Transit BoD Plan To Replace Escalators
The New Jersey Transit Board of Directors (BoD) contracted Hall Construction Co. for parts fabrication and installation for two new escalators at Hamilton Station in Trenton, New Jersey, on March...
WEEF Holds Second In-Person Meeting in Frankfurt
The World Elevator and Escalator Federation (WEEF), founded in 2019, held its second in-person meeting in Frankfurt, Germany, on April 7. The first meeting took place in Shanghai in 2023....
TEI Group Awarded Major 30-Unit Contract at The Torch
NYC-headquartered TEI Group announced on April 17 it has been awarded a major 30-unit contract at The Torch, a supertall hotel skyscraper also known as 740 Eighth Avenue that will...
TKE Considering US$22.7-Billion IPO in U.S. in 2026
Germany’s TK Elevator (TKE), the fourth-largest elevator maker in sales behind U.S.-based Otis, Switzerland’s Schindler and Finland-based KONE, is considering an initial public offering (IPO) in the U.S. in 2026, Reuters reports....
Progress Made on Elevator Installation in Maldive Towers
The installation of eight additional elevators in four Hiyaa towers in Hulhumale, Maldives, phase two has been completed and is now undergoing testing, according to the Housing Development Corp. (HDC), The...
Nominations Open for TSSA Safety Awards 2025
The Technical Standards and Safety Authority (TSSA), Ontario, Canada’s public safety regulator, announced that nominations of individuals and organizations working in TSSA’s regulated sectors are being accepted for the TSSA...
Hyundai Elevator Smart Hall Button Product Wins Red Dot Design Award
Hyundai Elevator announced it has received the Winner award in the product category of the prestigious Red Dot Design Award 2025, the Korea IT Times reports. The company’s award-winning product is the...
Axxiom Elevator Completes Acquisition of Evolution Elevator
South Florida-headquartered Axxiom Elevator completed its acquisition of Evolution Elevator & Escalator Corp., based in Staten Island, NY, with offices in Fort Lauderdale, Florida, Maven Group, which facilitated the deal,...
