MARKETS

Common mistakes when choosing to buy elevator traction machines by brand

TCTM – When purchasing an elevator traction machine, many people rely solely on the brand name and country of origin stated by the seller in the quotation. However, this information is not sufficient to determine the manufacturer, origin, and actual quality of the equipment.

Orona × LaPass Signature: Vietnamese Culture in Lift Spaces

KONE plans to sell TK Elevator's European business

Part 4: Types of Elevator Traction Cables - Should You Choose PU-Coated Steel Belt?

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Part 3: Types of Elevator Traction Cables: Should You Choose PU-Coated Round Steel Cables?

TCTM – PU-coated round steel wire rope is a technology of high-strength steel-core rope coated with an elastic material; its features include a small diameter and high grip, which helps reduce the size of pulleys and traction machines, while also reducing noise and causing no mechanical wear.
Top 5 elevator travel cable manufacturers in the world

TCTM – From cable factories with over a century of history in Germany, Switzerland, and Japan, the elevator traction cable manufacturing industry is entering a period of strong transformation. Alongside traditional round steel cables, manufacturers have developed small-diameter cables, PU-coated steel cables, belt cables, and service life calculation tools, moving toward more compact, lighter, and more efficient elevator systems.
Otis seeks successor to CEO Judy Marks

TCTM – Judy Marks is expected to retire after Otis appoints a successor in the first half of 2027, concluding nearly a decade in a leadership role at the American elevator and escalator corporation.
One million social housing units: An opportunity for the elevator industry

EM – Hundreds of thousands of social housing units are under construction and preparing for investment, creating demand for elevators, maintenance, and repairs. In this segment, equipment selection must take into account service capacity, accessibility, and the costs that residents have to pay during use.
Elevator Maintenance: Signed Off, No Work Done, Still Collecting Money

EM – Signing an elevator maintenance report takes only a few seconds. Knowing for certain whether the work listed in it was actually carried out is far more difficult.
‘The race to the bottom’ in China’s elevator industry

TCTM - The real estate downturn, coupled with large-scale production capacity, is pushing China's elevator industry into a paradox: enterprises must sell more and at lower prices to sustain operations, while profits become increasingly thin.
Worried about Chinese components, South Korea strives to restore its escalator industry.

TCTM - South Korea has gone through a decade without producing escalators domestically. Now, this industry is making a comeback.
GamaLift is recruiting Sale Marketing

GamaLift is recruiting dynamic, sharp Sales Marketing personnel with the ability to identify customer needs and develop business opportunities; together with GamaLift, deliver suitable solutions, contributing to enhancing safety, quality, and user experience.
No maintenance yet still filing records, China fines a series of elevator enterprises

EM – The regulatory authority of Gansu Province (China) has just announced 5 violations in elevator maintenance activities. Notably, a company created maintenance reports for 68 elevators even though its employees did not go to the site.
Otis appoints Alex Kim as Managing Director of Otis Vietnam & Cambodia

TCTM - Recently, Otis Worldwide Corporation announced the appointment of Mr. Alex Kim as General Director in charge of the Vietnam and Cambodia markets.
US reviews KONE - TKE deal over antitrust concerns

TCTM – The US Department of Justice has opened an in-depth antitrust review of KONE's €29.4 billion acquisition of TK Elevator, which is expected to create the world's largest elevator company.
One million elevators by 2045: Where will the workforce come from?

TCTM - Elevators can be exploited for decades, but are only safe when maintained according to proper procedures, repaired by competent personnel, and monitored throughout their lifecycle. With a forecast of one million elevators by 2045, could the shortage of manpower or uneven quality of technicians lead to a 'crisis' in the elevator industry?

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ELEVATOR & LIFESTYLE

An elevator in the middle of an over-800-year-old ancient palace

EM – For nearly three decades, the staircases in the Palace of the Kings of Navarre were an obstacle for many members of the public who wanted to view the art collections. An elevator has helped the Gustavo de Maeztu Museum become more accessible to more people, while also bringing a previously closed courtyard back into the life of the building.