China
Order, Revenue Growth in 2023 Buoy Schindler’s 2024 Outlook
A continuing "trajectory of enhanced profitability and sustainable growth" in 2023 despite challenging market conditions, as well as a revamped business strategy focused on customer service, have Swiss OEM Schindler...
Otis’ China Manufacturing Achieves Zero Waste Certification
Otis Worldwide has achieved Gold-level TRUE (Total Resource Use and Efficiency) zero waste certification for all of its five manufacturing facilities in China. This makes Otis the first elevator company...
Schindler Providing 338 Units to Xiang’an International Airport
Schindler announced on February 5 it is providing 76 passenger and freight elevators, 100 escalators and 62 moving walks to the new Xiamen Xiang'an International Airport taking shape on Dadeng...
CTBUH Releases 2023 Report on Tall Trends
The Council on Tall Buildings and Urban Habitat (CTBUH) has released “Year in Review: Tall Trends of 2023,” the latest in its series of annual evaluations of the state of...
Major Otis Contracts in China and Hong Kong SAR
Otis President, CEO and Chair Judy Marks announced during a January 31 earnings call that the company is handling a new-equipment contract in Chongqing, China, and a modernization contract in...
China Evergrande Ordered To Liquidate by Hong Kong Court
China Evergrande, the Chinese real estate developer that has become a symbol of what has been described as an unprecedented debt crisis in China, has been ordered by a Hong...
MVRDV Wins China Software Park Design Competition
Rotterdam, Netherland-based architecture and urban design practice MVRDV has won the competition to design two structures within the Tianfu Software Park in Chengdu, China, ArchDaily reports. One of the structures...
KONE Expects Stable or Slightly Higher Sales This Year
KONE expects 2024 sales to remain stable or grow slightly in 2024 as weak consumer sentiment continues to hinder sales in China — representing about a third of the company's...
Winning Design for Tencent’s New Global HQ in China
Büro Ole Scheeren has won an international competition for the design of Tencent’s new global headquarters (HQ) in Shenzhen, China, Arch Daily reports. The new structure, occupying a 14-ha site,...
Japan’s Fujitec Strategizes To Improve 2024 Profitability
Japan's Fujitec Co., Ltd. said it aims to improve profitability for the fiscal year ending March 31, 2024, through "sales strategies tailored to [individual] market characteristics and cost reforms based...
