COVID-19
KONE Lowers Outlook Due to China Market
Elevator maker KONE has lowered its sales and profit outlook for this year due to lower-than-expected second quarter sales and a weakened new equipment market outlook in China, Yahoo Finance...
Busy Southern India Rail Station Getting Lifts, Escalators
Tiruchirappalli Railway Junction in southern India is getting six lifts and six escalators, promising to ease traffic flow at a station that has seen traffic increase considerably in the wake...
Parts Delay Puts U.S. Army Base Lift Repairs on Hold
A dozen elevators at Camp Humphreys, South Korea, are waiting for parts, Stars and Stripes reported on June 22. The 351 elevators at the base must conform to U.S. safety...
Emergency Request for Tennessee Elevator Repair Approved
Johnson City, Tennessee, Commissioners approved a US$400,000 emergency request for elevator repairs at the iconic John Sevier Center (JSC), a low-income rental high rise with nearly 150 residents, with a...
VT Repair for Malaysia LRT Impacted by China Lockdown
Repair and maintenance of vertical-transportation (VT) equipment serving Rapid Rail Sdn Bhd’s light rail transit (LRT) and other stations in Malaysia are being impacted by the lockdown in China, since...
KONE Reports First-Quarter Earnings, Order Intake
KONE said its overall order intake was up after it posted weaker-than-expected first-quarter core earnings and trimmed its full-year outlook on the back of supply chain constraints and a decline...
Schindler Announces 1Q Profits Drop But Beats Estimates
Schindler reported on April 22 a drop in first-quarter net profit but beat the consensus forecast despite supply chain woes, cost inflation, coronavirus lockdowns and market contraction in China, according...
TES Dubai Now Set for September 16-18, 2024
AFAG Messen und Ausstellungen GmbH and ELEVATOR WORLD, organizers of The Elevator Show (TES) Dubai, along with Dubai World Trade Center, announced the show will be postponed until September 16-18,...
Chicago Vacancy Sets Record With New Development
The Real Deal reports that demand for Chicago offices is building in the post-pandemic situation, but notes that new supply is growing faster and buildings are staying empty. Sources said...
COVID-19 Impact, Outlook
After a hiatus in Q3 2021, a sixth industry survey reveals challenges including material shortages and bright spots, such as employment. Elevator World, Inc.; the German elevator association VFA Interlift...
