China
Taoping Signs Non-Binding Letter of Intent to Acquire Chinese Smart Elevator Solutions Company
Taoping Inc. has signed a non-binding letter of intent to acquire 100% of Shenzhen Yunti Internet of Things, a Smart elevator solutions provider, Stock Titan is among outlets to report. Founded in...
Otis Electric 7000 Launched at CIIE in Shanghai
Otis Electric Elevator Co., a subsidiary of Otis Elevator Co., launched its new, connected Otis Electric 7000 elevator at the 2024 China International Import Expo (CIIE) on November 5-10 in...
18-Year-Old Worker Dies After Falling Down Escalator Shaft
An 18-year-old male worker passed away after suffering a fall down an escalator shaft during repair works in a 26-story commercial building in Central, Hong Kong on Friday afternoon, The Standard reports....
Fatality in Chinese Shopping Mall After Glass Railing Gave Way
On November 16, a girl in Shandong, China, suffered a fatal four-story fall in a newly opened shopping mall after a glass railing near an escalator gave way, Asia One is among...
Hong Kong MTR Reports 430 Escalator Incidents In Nine Months
Hong Kong’s Mass Transit Railway (MTR) reported 430 escalator incidents for the first nine months of 2024, representing a 20% decrease compared to the same period in 2023, Dimsum Daily reports. Incidents...
Interlift 2025 Preparations Underway for Nuremberg Event
Preparations are already well underway for interlift 2025, planned on October 14-17, 2025, at Messe Nürnberg in Nuremberg, Germany, organizer AFAG Messen und Austellungen GmbH announced. There are already approximately...
Mayar Inks Agreement With China’s Shenyang Yuanda
Riyadh, Saudi Arabia-headquartered Mayar Holding Co. subsidiary Gulf Elevators & Escalators Co. signed a partnership agreement with China's Shenyang Yuanda Intellectual Property Group Co., Tadawul reports. Under the agreement, Mayar will produce...
Japanese OEM Fujitec Exploring Sale to Private Equity
Japanese OEM Fujitec is in talks with private equity groups, including Sweden’s EQT, about a potential sale of its approximately US$2.1-billion elevator and escalator business, the Financial Times reports. The...
Interlift 2025 in Nuremburg Shaping Up To Be Bigger Than Ever
Interlift 2025, organized by AFAG Messen und Ausstellungen GmbH and set to take place for the first time in Nuremburg, Germany, on October 14-17, 2025, is shaping up to be...
Fortune India Talks to Otis CEO About Regional Market Trends
Fortune India published a piece on October 7 in which the author interviewed Otis Chair, President and CEO Judy Marks about market trends and company strategy in areas including North...
