Daily News
KONE Reports First-Quarter Earnings, Order Intake
KONE said its overall order intake was up after it posted weaker-than-expected first-quarter core earnings and trimmed its full-year outlook on the back of supply chain constraints and a decline...
Plans Submitted for 50-Story Birmingham, U.K., Tower
Developer Cordia Blackswan has put forward plans for a 50-story build-to-rent tower in Birmingham, U.K., Architects’ Journal reports. The developer has claimed the tower would be the tallest in Birmingham....
Schindler Announces 1Q Profits Drop But Beats Estimates
Schindler reported on April 22 a drop in first-quarter net profit but beat the consensus forecast despite supply chain woes, cost inflation, coronavirus lockdowns and market contraction in China, according...
Miller Named Schmersal Business Development Manager, Elevators
Ray Miller was recently named business development manager, elevators, for Canada and the U.S., at The Schmersal Group. Previously, Miller held various positions at Draka Elevator: director of sales —...
Otis Reevaluating Its Future in Russia
Elevator manufacturer Otis Worldwide Corp. announced on April 25 it is reevaluating its future in Russia amid the ongoing war in Ukraine, WGAU is among outlets to report. In an...
18-Story Residential Tower Approved for North East London
HAL Architects has won approval for an 18-story build-to-rent apartment tower in Walthamstow town center in North East London, Architects’ Journal reports. The high-rise development will replace a pair of...
CEDES Acquires Industrial Door Protection Specialist VITECTOR
CEDES, a global leader in elevator sensors headquartered in Switzerland, recently announced the acquisition of the VITECTOR portfolio from Netherlands-based FRABA, in turn strengthening CEDES’ position in the industrial door...
Alimak to Shut Down Its Operations in Russia
Industrial and construction-based elevator manufacturer Alimak Group announced April 26 that it will exit Russia. Alimak says it is making the move in light of recent events regarding Russia’s military...
TES Dubai Now Set for September 16-18, 2024
AFAG Messen und Ausstellungen GmbH and ELEVATOR WORLD, organizers of The Elevator Show (TES) Dubai, along with Dubai World Trade Center, announced the show will be postponed until September 16-18,...