NEWS

Vietnam Elevator Association works with China Guangri Elevator

TCTM - On June 16, 2026, at the headquarters of the Vietnam Elevator Association, representatives of the Association held a meeting with representatives of Guangri Elevator Company, China, focusing on exchanging market information and cooperation opportunities in the elevator field between the two parties.

Vietnam Elevator Association works with China Guangri Elevator
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Vietnam Elevator Association works with China Guangri Elevator

Vietnam Elevator Association works with China Guangri Elevator

TCTM - On June 16, 2026, at the headquarters of the Vietnam Elevator Association, representatives of the Association held a meeting with representatives of Guangri Elevator Company, China, focusing on exchanging market information and cooperation opportunities in the elevator field between the two parties.

Issuing a series of circulars and regulations related to elevator conformity and conformity assessment

Issuing a series of circulars and regulations related to elevator conformity and conformity assessment

TCTM - In the first half of April 2026, many new regulations were issued directly concerning the following issues: recognition of conformity assessment, elevator conformity declaration, and the management of quality for group 2 products and goods with potential safety risks.

Inovance introduces elevator technology solutions at Elevator Talk 2026

Inovance introduces elevator technology solutions at Elevator Talk 2026

TCTM - In the context of Vietnam's rapidly growing elevator market, at the Elevator Talk seminar: Applying Technology to Elevators, Mr. Dennis Li - Senior Product Director for the International Market of Inovance Group - introduced a series of technological solutions aimed at enhancing safety and adaptability under real-world operating conditions in Vietnam.

Kone close to finalising €29bn deal to buy TK Elevator

Kone close to finalising €29bn deal to buy TK Elevator

TCTM – Kone (Finland), an elevator manufacturer, is nearing a cash-and-stock deal to acquire its competitor TK Elevator (Germany), in a transaction that could become one of the largest divestitures by private equity funds in Europe to date.

Hyundai commercializes modular elevators for high-rise buildings

Hyundai commercializes modular elevators for high-rise buildings

TCTM - Hyundai has installed and commercialized the company’s first modular construction elevator system for high-rise buildings.

Other category

Kone and TK Elevator officially announce their merger plan

TCTM – On April 29, 2026, Kone Group and TK Elevator (TKE) announced a merger plan through a transaction combining cash and shares, with TKE's enterprise value valued at 29.4 billion euros (34 billion USD).

Kone and TK Elevator officially announce their merger plan
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