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Kone posted a profit of 326.5 million Euros in Q3 2021 despite pandemic. CEO Henrich Ehrnrooth predicts more growth.
Thysenn krupp reports restructing led to Q3 loss. They are optimistic about future growth.
China accounts for more than halk new lift installs world wide. The spreading pandemic there is causing wide spread unceartainty.
With an order book of 18,000 lifts and escalators worth Rs 3,800 crore, the company now earns a fifth of revenues from government deals,
US-headquartered Otis will start manufacturing escalators in India from next year.
The market growth will mainly be driven by the residential segment and also the activity and initiatives in tier II and tier III cities.
Thysenn Krupp to cut 2500 jobs worldwide. They will be looking to rehire Q4 2022.
Rocket elevators builds the latest Carvana Delivery Elevator in Austin, Texas.
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