tariffs
Schindler Expects U.S. Tariffs to Cost Millions
Swiss elevator maker Schindler expects U.S. tariff costs to be "in the millions" as it faces an anticipated decline in new-installation business in the Americas, outlets including Blue News report. Overall, though,...
TKE Considering US$22.7-Billion IPO in U.S. in 2026
Germany’s TK Elevator (TKE), the fourth-largest elevator maker in sales behind U.S.-based Otis, Switzerland’s Schindler and Finland-based KONE, is considering an initial public offering (IPO) in the U.S. in 2026, Reuters reports....
Schindler: Local Sourcing Means No U.S. Steel Tariff Hit
Paolo Compagna, CEO of Switzerland-based Schindler, told Reuters in February that most of what the company manufactures at its plants in North Carolina and Pennsylvania uses materials that are sourced and produced...
MAD Elevator Fixtures USA Now Open In Texas
MAD, a well-known name in elevator fixtures headquartered in Mississauga, Ontario, Canada, announced its new U.S. facility — MAD Elevator Fixtures USA Inc. — is now taking orders. "This expansion marks a...
CECA Reaches Out to Members in Light of Tariff Uncertainty
The Canadian Elevator Contractors Association (CECA) is reaching out to members regarding the uncertainty of possible future tariffs, encouraging them to review existing and new business contracts to ensure they...
