Maintenance
Otis to Provide Maintenance for VT on Panama Metro Line
Otis announced on February 17 that Otis Panama has been selected to provide maintenance for more than 200 pieces of vertical-transportation (VT) equipment on Line 1 of the Panama Metro...
Moseley Elevator Service Opens New Office, Hires VP
Moseley Elevator Service is expanding and has opened a new office serving Northeast Ohio. Additionally, Charles Kaseman joins Moseley Elevator Service as vice president (VP) to lead the new operation in...
Dallas-Based Prestige Elevator Acquires High Tech Elevator
Lift Business Advisors, Inc., announced that two Dallas-based vertical-transportation (VT) companies have joined forces with Prestige Elevator acquiring High Tech Elevator, effective February 1. Prestige Elevator President Eric Schwarzenbach described...
Illinois Garage to Get Modernized Elevator
Galesburg, Illinois, Aldermen unanimously approved nearly US$19,000 in Tax Increment Financing funding to cover a portion of the expense to modernize the elevator and replace the garage door at a...
Japan Elevator Service Holdings Opens Two Offices
Japan Elevator Service Holdings Co. Ltd. announced that it opened service offices in Wakayama and Fukuyama, Japan, on February 1 for the purpose of strengthening services to its customers, MarketScreener reports. These...
Otis to Install and Maintain 142 VT Units for IMSS
During a January 29 earnings call, Otis President, Chair and CEO Judy Marks said the company will install 142 vertical-transportation (VT) units at Mexican Social Security Institute (IMSS) facilities. The...
Otis Lowers Earnings Expectations on Continued Weak Demand in China
Otis expects full-year net sales of US$14.1 billion-US$14.4 billion, below estimates of US$14.6 billion as the Chinese property market crisis continues to weaken demand for new equipment, Reuters is among outlets to...
KONE’s 4Q 2024 Earnings Beat Estimate
Finnish OEM KONE posted 4th Quarter (4Q) 2024 earnings on January 30 that were above estimates and expects its adjusted profit margin to improve in 2025 and its sales to grow...
Fujitec Global Field Technical Training Held in Tokyo
Fujitec's global companies gathered in Tokyo and participated in the first Global Field Technical Training in October 2024. This training was conducted to help the participants be good mentors by...
Japan Elevator Service Holdings Opens New Regional Head Office
Japan Elevator Service Holdings Co., Ltd. opened a new regional head office, in Kita Shinetsu, in Nagano, Japan, on January 1, 2025, the Business Insider reports. The company aims to enhance its...
