Elevator Magazine news update for October 13, 2026

DOMESTIC NEWS

1. TLE launches TEMI elevator brand

Recently, according to an announcement from Thang Long Elevator and Equipment Group (TLE), the company has launched the TEMI elevator brand.

The Group expects this move to represent a new development in product expansion, bringing additional suitable elevator solutions to the market.

TEMI was established on the foundation of Thang Long Elevator and Equipment Group's experience in the elevator industry, combined with the industrial manufacturing and precision engineering capabilities of KIMSEN Industrial Joint Stock Company.

2. From January 1, 2027, 'Made in Vietnam' goods must have at least 30% domestic value content

The Government has just issued Decree 384/2026/ND-CP stipulating the determination of Vietnamese origin for goods produced and circulated domestically, officially effective from January 1, 2027.

This Decree stipulates the determination of Vietnamese origin for goods produced and circulated domestically, including: goods with origin, goods with wholly obtained origin, goods with non-wholly obtained origin, simple processing and manufacturing stages; factors not considered when determining origin; responsibilities of relevant agencies, organizations, and individuals.

According to the Decree, goods have Vietnamese origin when falling under one of the following cases: Goods with wholly obtained Vietnamese origin and goods with non-wholly obtained Vietnamese origin.

In particular, for goods with non-wholly obtained origin, they must meet the criteria of Harmonized System (HS) code change or achieve a minimum of 30% Vietnamese value content (VVC) to be determined as having Vietnamese origin. 

INTERNATIONAL NEWS

1. North America: Fujitec appoints Terry Story as National Service Director

Fujitec North America recently announced the appointment of Mr. Terry Story as National Service Director, responsible for service operations and implementing strategic initiatives in North America.

Mr. Story has over 30 years of experience in the elevator industry. Before joining Fujitec, he held the position of Executive Vice President at K&M Elevator for nearly three years. He also worked for more than 17 years at TK Elevator, with his most recent position being Vice President responsible for field operations and North American service.

Starting his career as a technician at Precision Elevator, he subsequently held management roles at KONE and Lerch Bates.

In his new role, he focuses on enhancing operational efficiency, customer satisfaction, and developing long-term service operations in the North American market.

2. UAE: KONE provides solutions for the 725 m tall Burj Azizi tower

KONE has been selected to provide vertical transportation solutions for Burj Azizi in Dubai, United Arab Emirates (UAE). The equipment package includes 59 elevators and 15 escalators, with elevator speeds of up to 10 m/s.

The tower is expected to be 725 m tall; a KONE MiniSpace elevator is designed with a travel distance of 631.5 m, ranking among the longest single elevator travels in the world.