Maintenance
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...
Elevator World Announces 2024 Product of the Year Winner, Finalists
ELEVATOR WORLD is proud to again recognize the achievements of manufacturers whose products — brought to the vertical-transportation market between March 2023-July 1, 2024 — are considered particularly noteworthy or...
Delays in Elevator Registration in India
Nearly two months after the Uttar Pradesh government in India introduced the Lift and Escalator Rules, 2024, for elevator safety, none of the 80,000 lifts across 350 Noida high-rise building...
Mitsubishi Electric Acquires Norway’s ALT Heis
Through wholly owned Swedish subsidiary Motum, Tokyo-based Mitsubishi Electric Corp. acquired all shares of Norwegian elevator company ALT Heis, Mitsubishi Electric announced on November 29. The move follows the 2023...
Oakland Passes Residential Elevator Maintenance Ordinance
In July, Oakland, California, Councilmember Carroll Fife co-sponsored an ordinance requiring operators of residential properties with elevators to maintain elevators in an operable condition, according to the City of Oakland. The...
Fatality Occurs In Elevator Incident In The Philippines
A 45-year-old died falling down an elevator shaft at a commercial establishment in Baguio, Philippines, GMA Regional TV reported on November 5. The man was trying to use the freight elevator to...
