Asia
Asia-Pacific Construction Buoys Otis’ 2023 Profit Outlook
Growing construction in India and the greater Asia-Pacific region are among factors that prompted Otis to raise its full-year profit forecast on October 25, Reuters is among outlets to report....
Indian Companies Make an Impact at interlift 2023 in Augsburg, Germany
The ELEVATOR WORLD India team participated in and exhibited at interlift 2023 in Augsburg, Germany, on October 17-20. Anitha Raghunath and G. Raghu, directors at Virgo Communications & Exhibitions, represented...
Multiple People Killed, Injured in China Elevator Accident
Three people were killed, four were seriously injured and another 13 sustained minor injuries when an elevator plunged from the fourth floor to the first floor at a commercial complex...
Schindler Raises 2023 Revenue and Net Profit Forecast
Swiss elevator maker Schindler lifted its 2023 revenue and net profit forecast on October 19, saying its services business continued to grow while new installations declined less than the market,...
Anlev Completes Acquisition of Two U.K. Lift Companies
Anlev Elevator Group, the lift, escalator and moving walk brand of Hong Kong-headquartered Analogue Holdings Ltd., announced on October 18 it completed two acquisitions of U.K. companies, furthering its global...
Otis Shares Latest VT Solutions at CTBUH Conference
Leaders from Otis Worldwide Corp. shared the latest on connected vertical-transportation (VT) solutions, including how elevators interact with service robots and a preview of what’s next for AI-powered destination dispatching,...
Indian State Works To Finalize First-Ever Lift and Escalator Law
Government officials in the state of Uttar Pradesh in northern India are working to finalize the UP Lifts and Escalators Act, 2023, a “first-ever” law that would require annual maintenance...
Redeveloped Railway Station in Southwest India To Open Ahead of Schedule
The redeveloped Kollam railway station in the state of Kerala in southwest India, which will be served by new vertical-transportation (VT) equipment, is slated for completion six months ahead of...
UKCW Birmingham Sees Record Attendance
The U.K.’s largest event for the built environment, UK Construction Week (UKCW) Birmingham, made a welcome return to the NEC, with attendance up 8% year on year, attracting 24,377 visitors...
India’s EECMAI Elects Officers
The India-based Elevator & Escalator Component Manufacturers' Association (EECMAI) elected officers on October 6 at the Hotel Ramada Plaza in Hinjewadi, Pune, India. Hiren Panchal of Apson Motor (India) Pvt....
