Asia-Pacific
European Lift Makers 2Q Order Intake Above Expectations
Schindler and KONE posted second-quarter order intake above expectations, but warned China's construction slowdown was weighing on new installations, Reuters reports. Schindler's order intake was down 0.4% from a year...
KONE EVP People & Communications Role Transitions to Bridger
The KONE executive vice president (EVP), People & Communications, and Executive Board member role will transition from Susanne Skippari to Kaija Bridger, effective July 1. Beginning her career at KONE...
A Look at Schindler’s 2024 Sales Targets
Schindler reiterated its full-year revenue guidance for low single-digit percentage growth, cutting expectations for new installations in China, Reuters reports. Chinese installations outpaced the rest of the Asia-Pacific in units...
Ziehl-Abegg Record Year in 2023
Ziehl-Abegg, the Germany-headquartered manufacturer of electric elevator motors, among other components in drive, ventilation and control technology, in March announced it had the best year in company history in 2023,...
Order, Revenue Growth in 2023 Buoy Schindler’s 2024 Outlook
A continuing "trajectory of enhanced profitability and sustainable growth" in 2023 despite challenging market conditions, as well as a revamped business strategy focused on customer service, have Swiss OEM Schindler...
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....
TKE Color Index System Wins Red Dot Design Award
TK Elevator’s (TKE) Color Index System, developed in South Korea, has won an international Red Dot Design Award for design concepts in the User Experience category, TKE announced on August...
KONE to Cut Up To 1,000 Jobs Globally
As part of an organizational restructuring announced on January 26 with its latest earnings, KONE said it will cut up to 1,000 jobs globally — 150 in its native Finland,...
