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- Title
China: OEMs celebrate major contracts.
- Abstract
This article from Elevator World reports on major contracts celebrated by OEMs (Original Equipment Manufacturers) in China. Otis, a leading elevator manufacturer, highlighted two significant contracts during their Q3 2023 earnings call. One contract involves supplying elevators for a new development in Hangzhou, including 51 MiniSpace™ and 12 MonoSpace® elevators. The other contract is for maintaining and recapturing 351 vertical-transportation units at Shanghai Pudong International Airport. KONE, another elevator manufacturer, also reported better-than-expected new orders in Q3 2023, with strong momentum in Chinese orders. The article mentions that KONE's sales in China account for about a third of its total sales.
- Subjects
SHANGHAI Pudong International Airport Co. Ltd.; ZHEJIANG University (Hangzhou, China); REUTERS Ltd.; CONTRACTS; EARNINGS announcements; FINANCIAL statements; SKYWALKS
- Publication
Elevator World, 2024, Vol 72, Issue 1, p32
- ISSN
0013-6158
- Publication type
Article