News
Mitsubishi Electric Swedish Subsidiary Motum To Acquire Norway’s UNIHEIS
Motum AB, a Sweden-based subsidiary of Mitsubishi Electric Corp., has formally agreed to acquire Norway-based UNIHEIS AS, which has been selling and installing new elevators and providing maintenance as a...
TKE Second Sustainability Reports Shows Progress Towards ESG Targets
Düsseldorf, Germany-headquartered TK Elevator (TKE)'s second sustainability report, published on April 27, shows what the company describes as "significant progress towards the company's ESG (Environmental, Social and Governance) targets." Titled...
With Strong NE Sales, Otis Delivers Solid Q1 Results
On April 26, Otis reported first-quarter (Q1) net sales of US$3.3 billion, with 3.6% organic growth. At $0.79, earnings per share (EPS) were up 8.2% versus 2022. While Q1 net...
Vendors, Mayor Respond to Elevator Outages at Cleveland’s West Side Market
All four elevators at Cleveland, Ohio, landmark West Side Market are out of order, News 5 Cleveland is among outlets to report. Vendors have expressed outrage following the breakdown of...
Skywalk With VT Close to Completion in Hyderabad
A 660-m-long skywalk connected to all sides of the Uppal crossroads in Hyderabad, India, is nearly complete, with opening imminent, the Deccan Chronicle is among outlets to report. The skywalk...
Interlift 2023 in Augsburg, Germany, Continues to Grow
AFAG Messen und Ausstellungen GmbH, organizer of the interlift 2023 international vertical-transportation trade fair in Augsburg, Germany, on October 17-20, reports the fair continues to grow, with 40% more exhibitors...
Grand Opening for Tadawul Tower Expected Soon
Completed in late 2022, Tadawul Tower in Saudi Arabia’s capital and main financial hub, Riyadh, is only a few months away from its expected grand opening, the Council on Tall...
Agenda Set for 2023 Elevator U Conference at UNC Charlotte
The agenda for the annual Elevator U Conference, hosted by the University of North Carolina (UNC) Charlotte on June 26-29, has been set. A golf outing and the Elevator U...
Speakers Set for ELEVCON 2023 23rd International Congress
Led by newly elected Chairwoman Dr. Marja-Liisa Siikonen, CEO of MLS Lift Consulting, ELEVCON 2023, the 23rd International Congress on Vertical-Transportation Technologies, is planned at the Grandior Hotel in Prague,...
Q1 Profit, Orders Buoy KONE Outlook
Strong modernization demand, a thriving service business and the easing of supply chain disruptions brought about by the COVID-19 pandemic contributed to Finnish OEM KONE's first-quarter (Q1) profit beating market...
