Asia
Otis To Provide 522 Units for MRT in Singapore
Otis announced on August 20 it has been selected by Singapore’s Land Trasport Authority (LTA) to provide 522 transportation units — 336 heavy-duty escalators and moving walks, along with 186...
Hong Kong’s Elevator Maintenance Industry Severely Understaffed
The Standard describes the Hong Kong elevator maintenance industry as being "in crisis," with severe understaffing and excessive overtime impacting workers. There are 4,000 registered elevator technicians in the Chinese...
MOU Signed in Korea To Promote Elevator Safety
The Korea Elevator Safety Authority (KoELSA) signed a Memorandum of Understanding (MOU) with the Ministry of Public Administration and Security and a designated inspection agency to jointly promote elevator safety,...
KONE Looks To Growth Outside Metro Manila
Urbanization outside Metro Manila in the Philippines is expected to drive demand for building modernization and elevator and escalator solutions, according to KONE, BusinessWorld reports. “The megatrends are all positive,...
Nagpur Railway Station Modernization To Be Completed by End of 2026
The Indian Rail Land Development Authority (RLDA) is set to complete the modernization work of Nagpur Railway Station, a key hub under Central Railway's Nagpur Division, in Maharashtra, India, by...
Fujitec Hosts Four-Day Health and Safety Conference
Fujitec, headquartered in Shiga, Japan, reported on August 7 it hosted a global health and safety conference for field personnel over four days to promote the company mantra, "Pursuing Safety...
Three New Flyovers With Escalators Being Constructed in India
Three new flyovers with escalator systems are being constructed to ease traffic congestion and to provide safe road crossing for pedestrians at East Fort in Thiruvananthapuram, Kerala, India, On Manorama reports. The...
Nippon Otis Modernizes Elevator at Major Japan Dam
Nippon Otis overcame challenging conditions to successfully modernize the elevator at Kurobe River Fourth Power Plant of Kurobe Dam, one of Japan's largest dams, Otis announced in July. The plant...
India’s Techno Industries Secures Major MRVC Contract
Techno Industries Pvt. Ltd., a subsidiary of Lloyds Engineering Works Lt., a company that focuses on industrial products including vertical-transportation equipment, secured a ₹19.50 crore (US$2.2 million) escalator contract with...
EQT Announces US$2.7 Billion Tender Offer To Privatize Fujitec
BPEA Private Equity Fund IX ("EQT") is set to make a US$2.7 billion tender offer to privatize Fujitec Co., Ltd., PR Newswire reports. This marks the largest sponsor-led take-private deal in Japan year-to-date and EQT's largest...
