Category: Business

Thyssenkrupp board leans toward elevator sale as funding needs grow: sources

Christoph Steitz FRANKFURT (Reuters) – The majority of Thyssenkrupp’s (TKAG.DE) management board is leaning toward a sale of its 15 billion euro ($16.5 billion) elevator division, two people familiar with the matter said, citing the conglomerate’s weakened balance sheet. Binding bids for Thyssenkrupp’s most profitable business are due by Jan. 13 and will be followed
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The Otis Elevator Spinoff Deserves Attention

Stephen L Kanaval Follow | Monday, 09 December 2019 14:14 (EST) When Otis Elevator Co. spins out from United Technologies in 2020 (probably happening sometime in April 2020), it will immediately catapult into the Fortune 500 with a valuation of $29 billion, $13 billion in revenue and a 12 percent industry market share, according to Statista.
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Hitachi Elevator provides the elevators for the recently opened Leeza SOHO skyscraper in Beijing

BEIJING, Dec. 3, 2019 /PRNewswire/ — The Leeza SOHO, located in Lize Financial Business District, a commercial area within Beijing’s Fengtai District, formally opened its doors for business on November 19, instantly becoming another landmark in Beijing. Hitachi Elevator provided all the vertical transportation solutions for the facility, including 16 units of 4-6m/s double cage elevators. The
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Hitachi Elevator again awarded Golden Wall Industry Benchmark Company of the Year

(4th) China Smart Manufacturing Annual Summit, organized by the 21st Century Business Herald, was held in Guangzhou, China, at which the results of the 2019 China Manufacturing Golden Great Wall Award were announced. Hitachi Elevator (China) Co., Ltd., together with Lenovo, Foxconn and Suning, won the China Manufacturing Golden Great Wall Award — Industry Benchmark
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