Otis
Otis Germany to Service More Than 130 Hospital Units
Otis Germany recently signed a service contract with EKK plus, a procurement vendor for municipal hospitals, making it the third contract between the two companies for service of elevator systems,...
Otis Receives Approval Results of Spanish Firm’s Tender
Otis Worldwide Corp. received the results of its voluntary public tender offer to acquire the remaining 49.98% interest in the Spanish firm Zardoya Otis S.A., the company reported on April...
Sri Lanka’s Aitken Spence Elevators Wins International Award
Aitken Spence Elevators, a supply, installation and maintenance company in partnership with Otis in Sri Lanka, recently won the international award “Excellence in Business Transformation” during the Business Transformation Leadership...
Otis Releases Inaugural ESG Report
On March 31, Otis Worldwide Corp. released its first Environmental, Social and Governance (ESG) report as an independent company. The report provides updates on its 13 ESG targets — each...
Otis Wins Award for Coast Mass Transit Line in Singapore
Otis has received the “Safety Excellence Award” from the Land Transport Authority (LTA) Singapore, which praised the company’s safety management processes and best practices at stages 1 to 3 of Thomson-East...
Climate Friendly to Climate Neutral
In this Industry Dialogue, your author discusses the big commitment of the Big 4. In February, the NewClimate Institute, Berlin, Germany, in collaboration with Carbon Market Watch, published its annual...
Toshiba Considers US$4-Billion Sale of Elevator Company
Toshiba Corp. is considering the sale of its elevator manufacturing business, and major companies, including global OEMs, are showing interest in taking over the Japan-based lift division, Bloomberg reports. KONE,...
Otis Ceases New Elevator, Escalator Orders in Russia
Otis, in light of the unfolding crisis in Ukraine and ongoing supply-chain disruptions, is ceasing new elevator and escalator orders in Russia, which represented approximately 2% of its 2021 revenue,...
NYC’s Gotham Point, Served By Otis Elevators, Nearly Complete
Gotham Point in Queens, NYC’s Hunters Point South, consisting of 57- and 33-story towers that together will provide 1,132 rental apartments (75% affordable), is headed toward completion, with leasing in...
Two-Tower Residential Project With Otis VT Rising In Brooklyn
Façade installation is continuing at 77-87 Commercial Street, which consists of 40- and 30-story towers containing 222 mostly affordable residential units along Newtown Creek in Greenpoint, Brooklyn, NYC, New York YIMBY reported...
