China
KONE’s Third Quarter Profit Below Expectations Due to China Slump
KONE will focus on modernizing and servicing existing lifts as it sees no end to China’s construction slump and has reported third-quarter profit below expectations, Reuters reports. China — the...
Fujitec Receives Order for 138 Escalators for Shenyang Subway
Fujitec Co., Ltd. announced on August 6 it received an order through its Chinese subsidiary, Huasheng Fujitec Elevator Co., Ltd., to supply 138 escalators for Metro Line 3 in Shenyang,...
Otis Expands Service Coverage for Shenzhen Metro
Otis announced it has extended its decades-long support of Shenzhen Metro with a new contract to service 209 Otis units, including 66 elevators and 143 escalators, on the network’s Line...
Elevator Companies Leverage IoT Technology in the Middle East and Africa
A recent report from Fagen Wasanni Technologies details the role of Internet of Things (IoT) technology in the elevator industry in the Middle East and Africa. The adoption of this...
Rising to the Opportunity
Canny Elevators responds to rail system market demand in China. Over the past three years, during which the COVID-19 pandemic sometimes loomed large, in China one was barely allowed to...
KONE Earnings: Strong Service Business Helps Offset Weak China, North America Markets
In its half-year financial report for January-June, KONE Corp. said strong service business performance is helping offset "challenging market dynamics" in China and a North America market that has "declined...
Russian Elevator Week Held in Moscow
The 11th Russian Elevator Week, organized by VDNKh and the National Lift Society, was held in Moscow on June 7-9 at the 57th Hall of the International VDNKh Fairground. The...
Interlift 2023 Expects More Than 500 Exhibitors To Completely Fill Halls
AFAG Messen und Austellungen GmbH, organizer of interlift 2023 on October 17-20 in Augsburg, Germany, said on July 4 that this year’s event is already 47% ahead of the previous...
VDMA: German Robotics and Automation Sector Projects Record Year
Representing more than 3,500 German and European mechanical and plant engineering companies, VDMA Robotics + Automation says the sector is on track for another record year. The industry forecasts a...
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...
