500 episodes

Publisher for the International Building Transportation Industry

Elevator World Elevator World

    • Business
    • 4.0 • 5 Ratings

Publisher for the International Building Transportation Industry

    TKE To Acquire Vancouver-Based City Elevator

    TKE To Acquire Vancouver-Based City Elevator

    Welcome to the Elevator World News Podcast. Today’s podcast news podcast is sponsored by Franz: www.hellofranz.com


    TKE TO ACQUIRE VANCOUVER-BASED CITY ELEVATOR
    TK Elevator (TKE) announced on July 23 it signed an agreement to acquire City Elevator, founded in 2004 and providing elevator service and maintenance through more than 75 employees in the Vancouver, Canada, metro area. The deal is set to become effective on July 29. TKE has a strong presence in the metro Vancouver area, including providing equipment and service to some of the most prominent and modern downtown office towers. "As the urbanization boom extends west to cities like Calgary, Edmonton and Vancouver, it is critical to have the best technicians, tools and technologies to keep building transportation systems safely operating,” TKE North America President and CEO Kevin Lavallee said. The City Elevator acquisition will help toward that goal. 2021 has been a brisk acquisitions year for TKE as, in addition to City Elevator, it acquired three elevator companies in Canada and three in the U.S.



    To read the full transcript of today's podcast, visit: elevatorworld.com/news

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    • 6 min
    KONE Describes Strong Half Year, Remaining Challenges

    KONE Describes Strong Half Year, Remaining Challenges

    Welcome to the Elevator World News Podcast. Today’s podcast news podcast is sponsored by Franz: www.hellofranz.com


    KONE DESCRIBES STRONG HALF YEAR, REMAINING CHALLENGES
    In a financial report covering January-June 2021, KONE described strong financial performance and market recovery as it continues to navigate global supply-chain and pricing challenges. Orders grew by 16.2% in that timeframe to EUR2.41 billion (US$2.8 billion), and sales by 11% to EUR2.81 billion (US$3.29 billion). President and CEO Henrik Ehrnrooth said activity remains high in China, and pointed to the U.S. as a particular highlight. Strong orders demonstrate the success of KONE's "efforts to capture recovery-driven opportunities." He said he was especially pleased to see maintenance business rebound to pre-pandemic levels. However, Ehrnrooth said, the global supply-chain environment remains challenging, with materials and sea freight costs rising "dramatically." In particular, a shortage of semiconductors is impacting all businesses that use advanced electronics. Rising costs are being passed on to elevator and escalator customers, and Ehrnrooth praised the KONE team for working with them. He expects logistics and component availability to start easing toward the beginning of 2022.


    Image credit: by Wikipedia user Zarex


    To read the full transcript of today's podcast, visit: elevatorworld.com/news

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    • 6 min
    TKE to Equip Stockholm Metro Stations With 44 Escalators

    TKE to Equip Stockholm Metro Stations With 44 Escalators

    Welcome to the Elevator World News Podcast. Today’s podcast news podcast is sponsored by Franz: www.hellofranz.com


    TKE TO EQUIP STOCKHOLM METRO STATIONS WITH 44 ESCALATORS
    TK Elevator (TKE) has won a multimillion-euro order from AB Storstockholms Lokaltrafik to equip Stockholm metro stations with 44 heavy-duty victoria escalators, TKE announced on July 22. The 110-km-long system, also known as the tunnelbana, is world-famous for its paintings and sculptures that attract hundreds of thousands of visitors a year, in addition to its nearly 1 million daily riders. One of the largest escalator infrastructure projects ever awarded in Sweden, work is expected to start in 2022 and last several years. TKE, which already maintains 500 elevators and escalators within the metro, is also providing the first 10 years of maintenance for the new escalators. The units will have rises ranging from 4 m to more than 26 m, and speeds between 0.65 m/s and 0.75 m/s. The escalators include several passenger-safety features, including a step sag and auxiliary brake, that exceed European standards.


    Image credit: courtesy of TK Elevator


    To read the full transcript of today's podcast, visit: elevatorworld.com/news

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    • 5 min
    Otis Launches Embedded Systems CoE In Detroit

    Otis Launches Embedded Systems CoE In Detroit

    Welcome to the Elevator World News Podcast. Today’s podcast news podcast is sponsored by Franz: www.hellofranz.com


    OTIS LAUNCHES EMBEDDED SYSTEMS CoE IN DETROIT
    On the heels of announcing its newest elevator platforms, Otis said in July it is opening a new Embedded Systems Center of Excellence (CoE) in the Detroit suburb of Farmington Hills, Michigan. Currently composed of approximately 12 Otis colleagues, the CoE will be “a global hub for innovation in model-based design, advanced control software, automated testing and electronic safety systems at Otis.” The new facility will help the OEM transform its offerings by adding electronics and other software-rich digital and connected technologies to its line of elevators and escalators, such as its new elevator platforms, Gen3™ and Gen360™. Much of this technology has been used to develop safety-critical systems including touchless user interfaces, drive-by-wire and ABS braking. The Detroit CoE is part of Otis’ global engineering organization and will work on projects on a worldwide scale in collaboration with other engineering centers across the Americas, Europe and Asia.


    Image credit: courtesy of Otis


    To read the full transcript of today's podcast, visit: elevatorworld.com/news

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    • 7 min
    Singapore To Pay Bonuses To VT Technicians

    Singapore To Pay Bonuses To VT Technicians

    Welcome to the Elevator World News Podcast. Today’s podcast news podcast is sponsored by Franz: www.hellofranz.com


    SINGAPORE TO PAY BONUSES TO VT TECHNICIANS
    Channel News Asia reports that Singapore's Tripartite Cluster for Lift and Escalator (TCLE) announced in July that vertical-transportation (VT) technicians in the country will receive mandatory bonuses of at least a month’s pay beginning in 2023. The bonuses represent updates to the progressive wage model (PWM) for the sector. TCLE also agreed to extend the existing lift PWM to cover escalator maintenance workers in 2022. In 2018, the VT industry adopted a voluntary PWM transitional wage benchmark, which mapped a schedule of minimum basic wages from 2020 to 2022. This was to give the industry time to adjust. In 2022, PWM adoption will be a mandatory registration requirement with the Building and Construction Authority for all VT maintenance firms.


    Image credit: by Idyshah for Pixabay


    To read the full transcript of today's podcast, visit: elevatorworld.com/news

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    • 5 min
    New Emigration Hall Opens At Airport In Sri Lanka

    New Emigration Hall Opens At Airport In Sri Lanka

    Welcome to the Elevator World News Podcast. Today’s podcast news podcast is sponsored by elevatorbooks.com: www.elevatorbooks.com


    NEW EMIGRATION HALL OPENS AT AIRPORT IN SRI LANKA
    A new “Emigration Hall” opened at the departure passenger terminal in the Bandaranaike International Airport (BIA) in Sri Lanka, ColomboPage reports. The terminal was renovated under the BIA Terminal 1 expansion project, and 23 emigration counters have been added, allowing passengers to avoid congestion and reach their destinations without hassle. Two new escalators with three additional floors and a new elevator were among the upgrades installed at the terminal. Minister of Tourism Prasanna Ranatunga and Minister of Youth and Sports Namal Rajapaksa opened the terminal on July 15.


    Image credit: by Cherubino for Wikipedia


    To read the full transcript of today's podcast, visit: elevatorworld.com/news

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    • 4 min

Customer Reviews

4.0 out of 5
5 Ratings

5 Ratings

TampaTrader21 ,

4 Stars but dump the bumper music and it goes to 5!

Love the show and content. Get rid of the annoying music at the beginning and ending of every episode. Keep up the good work!

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