China
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...
Global IoT Elevator Market Expected To Continue To Grow
Fact.MR forecasts the global Internet of Things (IoT) elevator market is set to reach US$93.9 billion by the end of 2022-2032 with a compound annual growth rate (CAGR) of 13.4%....
Ziehl-Abegg Appoints Mayer New CTO
The supervisory board of Künzelsau, Germany-based Ziehl-Abegg SE has appointed Wolfgang Mayer as the company's new chief technology officer (CTO). Joining the global electric motor specialist from Kuka Robotics, Mayer's...
KONE Providing 51 Elevators and More to New Development in Hangzhou
KONE has been tapped to provide a range of People Flow® solutions, including 51 MiniSpaceTM and 12 MonoSpace® elevators, to Zhejiang University Alumni Headquarters Economic Park in Hangzhou, East China,...
Schmidt Elevator Expands Presence, To Sign Agreement
Chongqing, China’s Schmidt Elevator Co., Ltd. has been actively expanding its domestic and international market presence this year, according to Yang Guang, vice president of Schmidt Elevator (Chongqing), iChongqing reports....
119 Exhibitors From 13 Difference Countries Expected at GEE in Milan
Organizers of the inaugural Global Elevator Exhibition (GEE) on November 15-17 at Fiera Milano (Rho) in Milan, Italy, expect to welcome 119 exhibitors from 13 different countries — including Türkiye,...
Otis China Contracts Highlighted During 3Q Earnings Call
Two major contracts in China were among those highlighted by Otis President and CEO Judy Marks during a 3rd Quarter 2023 earnings call on October 25. In the Hong Kong...
KONE Reports Boost in Q3 Orders from China
KONE reported better than expected new orders for the third quarter, boosted by strong momentum in Chinese orders, Reuters reports. The company, which makes around a third of its sales...
