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

TCTM – Flat belt, PU-coated steel-core belt allows the use of compact pulleys and traction machines, suitable for machine-room-less elevators and space-constrained projects. In return, the steel core is concealed within the PU layer, requiring a separate monitoring method, while costs and replacement material sources may depend on the manufacturer.

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

Top 5 elevator travel cable manufacturers in the world

Otis seeks successor to CEO Judy Marks

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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?
China: Elevator production recovers, exports become a bright spot

EM – In the first six months of 2026, China produced 653,000 elevators, escalators, and lifting equipment, up 3.2% year-on-year compared to the same period in 2025. Amid the continued decline of the domestic real estate market, elevator exports have become a bright spot.
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

TCTM – In 2025, Vietnam imported 3,838 passenger elevators from China, an increase of nearly 49% compared to 2024, ranking 8th among the country's largest import markets. The data reflects a significant trade flow, while also raising the question: Will Vietnamese enterprises continue to merely play the role of importers and installers?

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Otis tìm người kế nhiệm CEO Judy Marks

TCTM – Bà Judy Marks dự kiến nghỉ hưu sau khi Otis bổ nhiệm người kế nhiệm trong nửa đầu năm 2027, khép lại gần một thập kỷ giữ vai trò lãnh đạo tại tập đoàn thang máy, thang cuốn của Mỹ.