China
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...
Hyundai Elevator Turns Away from Chinese Escalator Imports
With K-Escalator, its new joint venture (JV) with small and medium-sized enterprises (SMEs), opening in September in Gyeonggi Province, South Korea's Hyundai Elevator is reducing its reliance on escalators and...
Otis Realizes Opportunities Through China VT Renewal
U.S.-based OEM Otis is realizing vast business opportunities through China's vertical-transportation (VT) renewal programs, particularly local governments' plans to modernize more than 40,000 residential elevators that are older than 20...
KONE Providing VT for Hainan Center Supertall in China
KONE announced on August 14 it is providing the vertical-transportation (VT) system for the supertall Hainan Center in the CBD of Haikou, the capital city of Hainan — a tropical...
Fujitec Holds Safety Training for Children in Japan and Beyond
Fujitec recently held vertical-transportation (VT) safety training for children at Big Wing, Fujitec headquarters (HQ) in Shiga Prefecture, Japan, and local elementary schools. At Big Wing, Fujitec employees led students...
