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Standing under an overhead crane without protective enclosure, the woman met with an accident.

TCTM – A woman was trapped under a hoist when the equipment was moving downward. The incident continues to serve as a warning about the safety risks posed by the installation and use of lifting equipment that does not comply with safety standards and regulations.

Vietnam is becoming an important elevator import market for China

The Ministry of Home Affairs issues the List of Risky Goods: Elevators and escalators belong to the high-risk group.

Kone and TK Elevator officially announce their merger plan

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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.
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.
When the elevator market is a 'red ocean'

TCTM - Over the past decade, alongside rapid urbanization and the construction industry boom, the elevator market in Vietnam has undergone significant changes. From apartment buildings, hotels, and shopping centers to townhouses and factories, elevators have gradually become a familiar part of the infrastructure—not only in large buildings but also in smaller-scale civil constructions.
For the first time, the National Elevator Exhibition Area will be organized at Vietnam Elevator Expo 2026

TCTM - For the first time at Vietnam Elevator Expo 2026, the National Elevator & Auxiliary Industries Showcase (VNEA Pavilion) will be established as the official representative space for Vietnamese elevator enterprises. It affirms comprehensive supply capabilities—from manufacturing, installation, and maintenance to auxiliary industries—within an exhibition framework of international stature.
The Vietnam Elevator Expo 2026 will be held in Hanoi for the first time

EM – After four successful editions in Ho Chi Minh City, in 2026, the Vietnam Elevator Expo International Exhibition will be held in Hanoi for the first time, marking a new development in the scale, scope of connections, and influence of Vietnam's most prestigious specialized elevator event.
Toshiba considers divesting its elevator segment, Kone shows interest

TCTM - Toshiba Group is considering the possibility of divesting part or all of its stake in Toshiba Elevator & Building Systems, in a context where Kone is seen as one of the potential buyers.
Hitachi transfers its stake in the home elevator joint venture to Mitsubishi Electric

TCTM – Hitachi Group has officially announced its decision to transfer all of its shares in Mitsubishi Hitachi Home Elevator Corporation to its joint venture partner, Mitsubishi Electric Building Solutions Corporation. The transaction is expected to be completed in the first quarter of the fiscal year ending March 2027.
''Trade-in'' is Currently the Main Driver of the Chinese Elevator Market

TCTM - China's implementation of large-scale equipment upgrade programs and consumer goods trade-in initiatives is generating strong appeal for international capital flows, while simultaneously stimulating domestic consumption. According to leaders of many foreign enterprises, these policies not only support short-term growth but also contribute to strengthening China's economy in the long term.
Top 5 Most Important Elevator Events in Vietnam and the World at the End of 2025

EM - By the end of 2025, the global elevator industry enters a peak season for conferences and exhibitions. From in-depth scientific forums to top-scale commercial fairs, this is an opportunity for businesses, engineers, safety experts, and policymakers to collectively shape the industry's development landscape. Below are 5 representative events, promising to make an impact both in Vietnam and internationally.
Savvy investors point out serious mistakes that homebuyers often overlook.

EM - When purchasing a house with a private elevator, most buyers typically focus only on the location, architecture, interior, or spatial layout, while overlooking the most critical factor: inspecting the condition of the elevator.
Hyundai develops modular elevator, reducing accidents and shortening installation time

EM - Recently, Hyundai Elevator announced the completion of its development of modular elevator technology, which helps minimize hazardous tasks and shortens installation time from 45 days to just 18 days. Simultaneously, this technology also aids in reducing construction costs and limiting quality deviations,...
KONE is considering the possibility of making a bid for TK Elevator.

EM - The global elevator market may soon witness a major deal as KONE is considering a bid for TK Elevator, the world's fourth-largest elevator manufacturer. This comes amid Advent International and Cinven evaluating multiple exit plans, including an IPO option, according to Bloomberg sources.

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