Russia
Otis Sells Russia Business Unit to Russian Company
As the war in Ukraine continues, Otis announced in July on the company website that it sold its operations in Russia to Ice Development, a company based in Russia, CT...
KONE to Divest Operations in Russia
KONE will divest its operations in Russia to local management, with the deal — the terms of which were not disclosed — expected to close in the fourth quarter, KONE...
Otis Reevaluating Its Future in Russia
Elevator manufacturer Otis Worldwide Corp. announced on April 25 it is reevaluating its future in Russia amid the ongoing war in Ukraine, WGAU is among outlets to report. In an...
Alimak to Shut Down Its Operations in Russia
Industrial and construction-based elevator manufacturer Alimak Group announced April 26 that it will exit Russia. Alimak says it is making the move in light of recent events regarding Russia’s military...
Otis Ceases New Elevator, Escalator Orders in Russia
Otis, in light of the unfolding crisis in Ukraine and ongoing supply-chain disruptions, is ceasing new elevator and escalator orders in Russia, which represented approximately 2% of its 2021 revenue,...
Architecture Firms Halt Russia Projects Over War In Ukraine
One Dutch and two British architecture firms have halted all projects in Russia over the war in Ukraine, various news outlets report. On February 28, The Architect’s Newspaper reported that Rotterdam,...
Schmersal Group Stops Supply To Russia
Schmersal Group, an international leader in machine safety with a comprehensive range of safety switchgear products, has instructed its sales partner for Russia to stop the supply of safety switchgear...
If Built, Mixed-Use Tower Would Be Tallest in Moscow
If built, a 108-story, 405-m-tall mixed-use tower in the Moscow International Business Center, also known as Moscow City, would be Moscow’s tallest, the Council on Tall Buildings and Urban Habitat...
Final Two Skyscrapers for Moscow City
Renaissance Development aims to complete Neva Towers, the final two skyscrapers in Moscow’s International Business Center (Moscow City), by 2019, ArchDaily reported. Designed by a team consisting of HOK and...
Final Two Skyscrapers for Moscow City
Renaissance Development aims to complete Neva Towers, the final two skyscrapers in Moscow’s International Business Center (Moscow City), by 2019, ArchDaily reported. Designed by a team consisting of HOK and...
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