Lockdowns
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...
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...
Pandemic Lockdowns Drive Home Elevator Demand in U.S.
Google searches for homes in the U.S. with elevators increased by 15% since the start of the pandemic, with global luxury property agent Savills observing that elevators are a key...
