Issue 1026 | 12/20/2023 | Currently reaching 35K Global contacts | | | | | ELEVATOR WORLD'S December Issue | On the Cover: G-Tech Elevator Provides System for New Queens Tower Features: Full House; The 2023 Ellies Awards Winners; 14th Symposium on Lift and Escalator Technologies Focus on Mergers and Acquisitions: A Comprehensive Guide; A Look at M&A Trends; M&A in North America; Making Winners; Strategic Elevations Columns: Building Safety Habits; Merry and Bright; Where Are All the Startups?; Big News for interlift; Rising Higher Together; ELEVATOR WORLD Turns 60; DPR — Nusantara I Tower; First Principles and Ropeless Lifts; Saudi Arabia's Emerging Expo; Limitless Opportunities; Fundamentals of Traffic Analysis | | | Maven Group, LLC is the premier choice for owners of independent elevator companies who consider selling their business. We understand the daily challenges of independent companies and we know what buyers are looking for. To maximize your return, we provide hands-on help when you prepare for the complex mergers & acquisitions process. For confidential advice, please contact Dominik Sachsenheimer at dominik@mavenelevator.com / 561-225-3320 or Bill Beaury at bill@mavenelevator.com / 239-253-4500; www.mavenelevator.com | | | ELEVATOR WORLD TO FOCUS ON CANADA, SAFETY ELEVATOR WORLD's March 2024 issue will focus on Safety Components and Procedures (brakes, ropes, emergency shutoff and more) with a special regional section on Canada. The article submission deadline is January 15, and the advertising deadline is February 1. To participate or for more information, contact the EW Editorial Department at phone: 251-479-4514, ext. 30 or editorial@elevatorworld.com. To advertise, contact ext. 31 or advertising@elevatorworld.com. ELEVATOR WORLD HOLIDAY CLOSINGS The U.S. offices of Elevator World, Inc., will be closed on December 25 in observance of Christmas Day. Both the U.S. and Türkiye offices of Elevator World will be closed on January 1, 2024, in observance of New Year's Day. We wish all of our readers and their families a happy and safe holiday season. | | | CECA FEBRUARY ELLE-LEVATOR MEETING OFFERED IN-PERSON, ONLINE The Canadian Elevator Contractors Association (CECA) Elle-levator — Women in Industry group will meet in February with an in-person and virtual option. CECA member Louise Stalling of Mohawk College will host both sessions with a presentation on "Educational Opportunities in the Elevator Industry." CECA Executive Director Catharine Bothwell says the intent of these sessions is to introduce members to the women in CECA while presenting an interesting topic of discussion. Members can register online for the Zoom meeting to be held on February 1, 2024, at noon EST. Online registration is also available for the in-person meeting on February 8, 2024, at 2 p.m. EST at Mohawk College. Attendees are invited to tour the campus and meet graduating students following the Elle-levator meeting. The CECA Central Region meeting will begin at 4 p.m., and a light meal will be served. | | | Mongrain Vertical Transport current products include the complete range of hydraulic elevators as well as the Emarelle hydraulic machine-room-less elevator system. Each is custom tailored to meet demanding design and performance standards as specified by building owners, architects, and installers. For more information, please email us at info@mvtinc.com or visit us online at www.mvtinc.com. | | | ORLANDO ELEVATOR PROMOTES HESKETT TO VP OF SALES Gerry Heskett has been promoted to vice president (VP) of sales at Orlando, Florida-headquartered Orlando Elevator, General Manager Chris Rivera announced. Heskett has more than four decades in the elevator industry and brings that experience and knowledge to Orlando Elevator to ensure sales goals are met or exceeded. Read more here | | | OTIS INDIA PROVIDES 107 UNITS TO BLR AIRPORT'S T2 Otis India, a subsidiary of Otis Worldwide Corp., announced on December 18 it provided 107 units to the newly inaugurated Terminal 2 (T2) at Kempegowda International Airport (Bengaluru [BLR] Airport) in Bengaluru, India. Contributing to the smooth and efficient movement of 24 million passengers (as well as goods) annually at BLR T2 are 29 Otis escalators, 50 elevators, two dumbwaiters and 26 moving walks. Read more here | | | HYDROWARE UK LTD. ANNOUNCES NEW MD Hydroware UK Ltd. has announced Mark Golder as the company's managing director (MD), starting in January and succeeding Matt Thompson, who has been a significant contributor to Hydroware over the past eight years. Golder brings valuable experience from his prior role as MD for the U.K. and EU at Five at Heart. Read more here | | | Lift Business Advisors in the last 3 years has successfully represented the sellers of more than 25 elevator contractors and suppliers in the elevator industry to a broad range of acquiring companies. Since our inception in 1998, we have provided hands on support to help improve profitability and optimize value for an eventual exit. Contact Jeff Eaton for a confidential discussion and complimentary strategic review. www.liftbusiness.com, jeff.eaton@liftbusiness.com | | | ARKEL ELECTRONIC INDIA HOLDS GROUNDBREAKING CEREMONY AT UPCOMING MANUFACTURING UNIT Arkel Electronic India Pvt. Ltd. recently held a groundbreaking ceremony (Bhumi Pujan) at its upcoming manufacturing location at Savli Manjusar GIDC, Vadodara, Gujarat. A Facebook post stated that Savli GIDC is in close proximity to Ahmedabad-Vadodara Express Highway and the upcoming Mumbai-Delhi Express Highway. The new manufacturing unit will be established with an estimated investment of 100 crore (US$1.23 billion) when fully completed and will occupy a closed area of 9,000 m2 with a land area of 12,500 m2. Phase 1 will be operational in 2024 and will be the first manufacturing plant in India producing integrated elevator drives and monoblock elevator control units. | | | NAEC VIRTUAL TOWN HALL ON "NEXT GENERATION SALES" The National Association of Elevator Contractors (NAEC) held a Town Hall meeting via Zoom on December 12 for all members. Approximately 100 attendees joined the webinar to hear Dynasty Elevator Business Development Manager Amelia Holguin's presentation, "Next Generation Sales." Read more here | | | THIRD LIFT CITY EXPO TO TAKE PLACE IN SAUDI ARABIA Lift City Expo Riyadh is planned for October 28-30, 2024. The third iteration of the international conference for elevator and escalator technology, attachments and accessories in Saudi Arabia will take place at The Arena Riyadh Venue for Exhibitions. Read more here | | | Draka EHC, a brand of Prysmian Group, is a global manufacturer and supplier dedicated to sustainability and developing innovative solutions for the vertical transportation industry. Our diverse portfolio of high-quality elevator products includes travelling cable, compensation cable, hoistway cable, wire rope, coated steel rope, rope brakes, wireway, harnessing, and lubricants. For escalators and moving walks we offer essential handrail solutions, field splicing services, skirt brushes, rollers, replacement parts and more. Elevator & Escalator Solutions Catalog | www.DrakaEHC.com | | | IRAN ELEVATOR AND ESCALATOR SYMPOSIUM PLANNED FOR FEBRUARY The 13th International Symposium on Elevators and Escalators will take place on February 22, 2024, at the Industrial Management Institute in Tehran, Iran. The event is organized by the Koosha International Center of Applied Science and Technology in cooperation with Iran's union of elevators, escalators and related services. Articles may be submitted by email, and more information is available online. ALIMAK INVESTIGATES SWEDEN ACCIDENT, REPORTS ERRORS After five people died in the fall of a construction site elevator in Stockholm, Sweden, on December 11, Alimak Group sent three senior experts to the accident site for observation, along with investigators from the Swedish Accident Investigation Authority and the police. The hoist used in the accident is an Alimak Scando 650, a standard lift used on construction sites to transport passengers and materials at height. Read more here | | | OTIS BRAZIL SELECTED FOR ELEVADOR LACERDA MODERNIZATION Otis Brazil has been selected to modernize all four elevators at the historic Elevador Lacerda in Salvador, Bahia, Brazil. Elevador Lacerda is a public elevator and tourist attraction that carries passengers between Salvador's upper city, Cidade Alta, and lower, seaside city, Cidade Baixa. The site celebrated its 150th anniversary on December 8. Read more here | | | RENEW™hydro offers customers five key hydraulic products in one, reducing complexity and loss of valuable time. Bundling the perfect combination of components from the Vantage product portfolio, you'll get everything you need for your to enhance safety, performance, and reliability during your elevator modernization project. Learn more! | | | NIGERIA URBANIZATION SURGE INCREASES VT DEMAND Engr. Oluwole Dada, vertical transportation (VT) manager, Building Services Division, at PPC Ltd. has noted that recent challenges in Nigeria have brought to light the need for innovation and excellence in elevator safety and maintenance, the Independent reports. A surge in urbanization across Nigeria corresponds with an increased demand for vertical mobility solutions. Read more here | | | BART TO ALLOW BIKES ON MOST ESCALATORS ACROSS FACILITIES San Francisco, California's Bay Area Rapid Transit (BART) will allow bicycles on most escalators across the transit system beginning January 1, 2024, Hoodline is among outlets to report. The rule change follows the BART Board of Directors' decision on September 28, which opened the door to more bike-friendly commuting options, including expanded access to train cars. Read more here BRIEF POWER OUTAGE IN NYC CAUSES ELEVATOR ENTRAPMENTS A brief power outage caused by a high-voltage piece of electrical equipment short circuiting at a Con Edison substation in Brooklyn, NY, shortly before midnight on December 14 caused "serious issues," including entrapments, for elevator passengers citywide, CBS New York is among outlets to report. Read more here | | | The 2023 EIAT (Elevator Industry Aptitude Test) contains 75 math, verbal, and mechanical questions. Since 2007, JobTestPrep has helped over 5,000 candidates prepare for their EIAT test and is the one-stop-shop for acing the EIAT: free test, sample questions, and full practice. Take a free EIAT sample test to maximize your chances of getting an apprenticeship and to learn more about JobTestPrep! | | | VIETNAM ELEVATOR MEDIA CHANNEL'S ADVANTAGES, POTENTIAL Chicilon Media, the building elevator media channel in Vietnam, is increasingly popular, covering more than 90% of advertising screens at buildings and offices — having installed up to 32,000 screens — and helping 700 domestic and international businesses —Vinamilk, Samsung, Unilever, LG, Viettel, Daikin, VNPT, FPT, Masan, Oppo, Vivo, Midea, Aqua and more — promote their images and products, VnExpress International reports. Read more here | | | TENNESSEE MUSEUM RECEIVES GRANT FOR ELEVATOR PROJECT The McMinn County Living Heritage Museum has received a US$75,000 grant for capital maintenance and improvement from the State of Tennessee as administered through the Tennessee State Museum, the Daily Post-Athenian reports. Read more here | | | NEBRASKA COMMISSIONERS ACCEPT COURTHOUSE ELEVATOR BID The Kearney County Board of Commissioners accepted a bid from Schindler for the modernization of an elevator at the county's courthouse, The Minden Courier reports. Bids for the project in Minden, Nebraska, were opened during the December 5 regular meeting of the Board of Commissioners, and Schindler was the only company to respond. Read more here | | | Empowering Elevator Business Owners & Entrepreneurs by Sean Madden is specifically geared toward independent elevator service business owners and entrepreneurs who want to make a difference in their businesses. If you're starting, maintaining or growing your own independent elevator service business, this book is for you. It contains anecdotes from my experiences along with advice, tools and practical templates that will show you how to grow your business proactively and strategically. Order your copy today! | | | INTERN DIES IN NIGERIA ELEVATOR INCIDENT An 18-year-old male student of the Lagos State Skills Acquisition Centre Technical School, Egan, Nigeria, died in an elevator accident at a construction site in the state's Ikoyi area where he worked as an intern, chronicle reports. The victim was training with the company and was said to have resumed work with some of the construction workers on the day of the incident and to have remained on-site until the evening when he was last seen, according to the source. When the engineers returned the next day, they discovered a broken lift shaft. The elevator was forced open, revealing the victim inside. Police were called to the scene, and the student's body was taken to a hospital. | | | 35-STORY CONDO TOWER TO BREAK GROUND IN 2025 IN HOUSTON Houston-based developer Satya plans to break ground in 2025 on the Pickard Chilton-designed, 35-story St. Regis Residences on four acres overlooking River Oaks, Memorial Park, Buffalo Bayou and downtown Houston on Asbury Place, Realty News reports. Read more here DEVELOPER SEEKS ZONING CHANGE TO ALLOW TALLER TOWERS IN SALT LAKE CITY On the heels of Astra Tower becoming the tallest building in Salt Lake City, Utah, at 450 ft, Illinois-based Harbor Bay Ventures is seeking a zoning change that would allow buildings up to 305-ft tall in the Sugar House Business District, Deseret News reports. The application submitted to city planners in late November aims to increase the maximum height of buildings at 1095 East 2100 South from 105 ft, representing an increase of 200 ft. Read more here | | | EDITORIAL AND SUBSCRIPTIONS: Editorial submissions, reprint permission requests and subscription/removal requests should be sent to editorial@elevatorworld.com. ELENET Editorial staff: Angela C. Baldwin, Kaija Wilkinson, Lindsay Fletcher and Kathleen Farrell. ADVERTISEMENTS: To advertise and reach ELENET's readership of 35,000+, contact the Advertising staff at phone: 251-479-4514 or e-mail: advertising@elevatorworld.com. Download the ELEVATOR WORLD magazine Editorial Calendar to see EW's upcoming feature stories, focus topics, special topics, special sections and Editorial/Advertising submission deadlines here. ELENET is a registered trademark, and all rights are reserved. Copyright 2023 © Elevator World, Inc., 354 Morgan Avenue, Mobile, AL 36606, phone: 251-479-4514, fax: 251-479-7043, Internet: www.elevatorworld.com. | | | ELEVATOR WORLD Türkiye's November/December Issue | | ELEVATOR WORLD Middle East's 3rd Qtr Issue | | ELEVATOR WORLD UK's 4th Qtr Issue | | | ELEVATOR WORLD Europe's November/December Issue | | ELEVATOR WORLD India's 4th Qtr Issue | | ELEVATOR WORLD SOURCE 2023 Issue | | | Do you LOVE ELEVATOR WORLD? Give us a review on Google or Facebook for a chance to win $50. | | | |
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