Latest news with #elevators
Yahoo
4 hours ago
- Business
- Yahoo
Otis to Power Mobility in The Westin Residences, Tallest Residential Tower in Penang, Malaysia
KUALA LUMPUR, Malaysia, June 16, 2025 /PRNewswire/ -- Otis (NYSE: OTIS), the world's leading elevator and escalator manufacturing, installation and service company, will install cutting edge technologies and smart, connected solutions that power vertical mobility for the Westin Residence and Hotel by Macrovest Sdn. Bhd. (VST Group), a leading developer in Malaysia. Otis will provide 19 high speed SkyRise® (travelling at up to 6 meters per second), four Gen3™ and ten Otis Arise™ elevator systems, as well as a car elevator. "With Malaysia experiencing significant urbanization and related infrastructure development, the demand for efficient and reliable vertical transportation solutions is on the rise," said Pradeep Nair, Managing Director, Otis Malaysia. "We are honored to collaborate with our long-term customer Macrovest Sdn. Bhd to provide safe, comfortable, and fast elevator systems that will enhance the passenger experience for all future visitors." Soaring 69 stories above Penang's vibrant cityscape and the sea-facing promenade of Gurney Drive, the Westin Residences will house 498 units and will become the tallest landmark in the city. Accompanying it, a 28-story hotel with specialty restaurants will offer visitors an exceptional standard of style and quality. About Otis Otis gives people freedom to connect and thrive in a taller, faster, smarter world. The global leader in the manufacture, installation and servicing of elevators and escalators, we move 2.4 billion people a day and maintain approximately 2.4 million customer units worldwide – the industry's largest Service portfolio. You'll find us in the world's most iconic structures, as well as residential and commercial buildings, transportation hubs and everywhere people are on the move. Headquartered in Connecticut, USA, Otis is 72,000 people strong, including 44,000 field professionals, all committed to manufacturing, installing and maintaining products to meet the diverse needs of our customers and passengers in more than 200 countries and territories. To learn more, visit and follow us on LinkedIn, Instagram and Facebook @OtisElevatorCo. View original content to download multimedia: SOURCE Otis Elevator Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CBC
a day ago
- Business
- CBC
Saanich calls for building code changes in B.C. to allow smaller, cheaper elevators
A B.C. municipality is calling for changes to the province's building code to allow smaller and more affordable elevators. The District of Saanich says it's a key step toward improving accessibility for those dealing with mobility challenges. As Sohrab Sandhu reports, the move is being welcomed by industry experts and accessibility advocates.
Globe and Mail
19-05-2025
- Business
- Globe and Mail
TV Program One Step Forward Ignites Public Discussion on Elevator Upgrades, Highlighting Funding Patches for a Happier Community
As one of the pioneers of urbanization in China, Beijing was among the first cities to install elevators in residential buildings. As of the end of November 2024, the city had approximately 155,000 residential elevators, with about 45,000 of them in service for over 15 years. Nearly 30% of the city's elevators are aging, raising safety concerns as breakdowns become increasingly frequent. Guangqu Jiayuan, a residential compound in Dongcheng District, is a typical example of this problem. In search of solutions, Deputy District Mayor Su Hao conducted field visits to residents, and the TV program One Step Forward hosted a dialogue to explore the challenges of elevator renewal, focusing on government subsidies, blended financing model, and community governance. A Close Look at Aging Elevators Elevator issues in Guangqu Jiayuan are deeply entangled with poor property management, which has led to a deep distrust among residents toward the management company. Technicians from the Beijing Construction Engineering Quality No. 5 Testing & Inspection Institute presented detailed reports on six elevators in Unit 1 of Building 23 and Unit 1 of Building 11. The reports identified significant wear and aging in several components and recommended that the elevators be replaced. Breaking the Deadlock with Policy Support During the discussion on elevator renewal in Guangqu Jiayuan, representatives from the Dongcheng District Administration of State Land, Resources and Housing explained the national subsidy policy in detail: for residential elevators that have been in use for over 15 years and meet specific criteria, each unit may receive up to RMB 150,000 in state subsidies. This sparked a deeper conversation on the practical aspects of policy implementation. Residents asked questions about the funding structure and cost-sharing logic—why additional self-raised funds are still needed even with the national subsidy in place. They also explored how funding solutions should be tailored to the realities of each community, which reflects a strong desire to ensure accurate policy execution. Residents also engaged in thorough discussions on the roles that developers and property management companies should play in the elevator renewal process, approaching the issue from a shared-responsibility perspective. All parties, guided by the goal of problem-solving, worked together to explore how to coordinate resources effectively and clarify the boundaries of responsibility within the framework of existing policies. Their aim was to identify a balanced and widely accepted distribution of responsibilities, build consensus, and pool collective efforts to ensure the smooth progress of the elevator renewal project. Diverse Stakeholders, Including an International Observer, Join Forces Guests on the program repeatedly emphasized that the subsidy program is time-limited and urged residents to act promptly. Community members offered practical suggestions based on their lived experience. Some proposed that developers with partial property rights or companies running homestays in the buildings should assume their fair share of responsibility based on elevator usage. An international observer even volunteered to serve as an independent property service monitor, contributing professional oversight to the effort. Local government staff outlined the elevator renewal process in detail, helping residents understand each step clearly. The open and pragmatic exchanges between stakeholders are gradually building consensus and momentum for renewal. Together, they are sketching out a clear road map for replacing outdated elevators in Guangqu Jiayuan. The five-hour discussion at Guangqu Jiayuan brought one of urban renewal's core dilemmas into focus: striking a balance between strict policy enforcement and flexible benefit distribution. As Deputy Mayor Su Hao noted, 'Elevator renewal is not just an engineering issue. It's a matter of governance.' Through this platform for open dialogue, participants moved from policy clarification to responsibility allocation and plan refinement, gradually forming consensus. The process offers a valuable example of collaborative problem-solving in urban management and provides a replicable model for other communities facing similar challenges. Media Contact Company Name: Beijing Radio & Television Station Contact Person: Xiaohui Wang Email: Send Email Country: China Website:
Yahoo
19-05-2025
- Business
- Yahoo
Otis Australia to Modernize and Transform Elevators in LAHC New South Wales Housing
SYDNEY, May 19, 2025 /PRNewswire/ -- Otis (NYSE: OTIS), the world's leading elevator and escalator manufacturing, installation and service company, will modernize 20 elevators for New South Wales Land and Housing Corporation (LAHC), a government agency which owns and maintains a portfolio of 125,000 social housing properties across the state. Starting in September 2025, the modernization project will feature the installation of Otis' most advanced Gen360™ and Gen3™ elevator platforms, which provide smooth, quiet rides, safety, durability and energy efficiency. The dedicated Flex solution for elevator replacement will introduce modern landing aesthetics, upgraded doors, and a larger car, enhancing both accessibility and passenger comfort. "We are honored to continue our 14-year relationship with LAHC," said Pedro Marcal, Managing Director Australasia. "This project demonstrates Otis' strong expertise in designing solutions to help transform and modernize mobility, providing better access for people and elevating the passenger experience." All the elevators will be equipped with the Otis ONE™ IoT digital platform that connects elevators to the cloud. Otis ONE monitors, collects and analyzes data from elevators' smart sensors to deliver performance information, proactive communication and predictive insights to Otis' customers, and the field professionals servicing their units. Elevators equipped with Otis ONE have achieved measurable improvements in uptime and performance, which translate to improved savings and value for building owners and managers. About Otis Otis is the world's leading elevator and escalator manufacturing, installation and service company. We move 2.4 billion people a day and maintain approximately 2.4 million customer units worldwide, the industry's largest Service portfolio. Headquartered in Connecticut, USA, Otis is 72,000 people strong, including 44,000 field professionals, all committed to manufacturing, installing and maintaining products to meet the diverse needs of our customers and passengers in more than 200 countries and territories worldwide. For more information, visit and follow us on LinkedIn, Instagram and Facebook @OtisElevatorCo. View original content to download multimedia: SOURCE Otis Elevator
