Otis Wins Another Olympic Contract

2007-03-13 12:45 740

FARMINGTON, Conn., March 13 /Xinhua-PRNewswire/ -- Otis, a unit of United Technologies Corp. (NYSE: UTX), was awarded a contract to supply and install 111 elevators and escalators for the renovation of the Beijing South Railway Station, an important infrastructure project supporting the Beijing 2008 Olympic Summer Games.

In total, Otis has won 25 Beijing 2008 Olympics-related contracts, including the Beijing Subway Line 5 and Line 10, Tianjin Olympics Sports Center soccer venue, Beijing Transit Center and Tianjin Light Rail.

"Otis was selected for this infrastructure project based on its rich experience with international Olympics games, its remarkable contribution in providing energy efficient and environmentally friendly products such as the Gen2(R) elevator, and its reputation as the No. 1 elevator company in the world," according to the director of the Beijing South Railway Station.

In this latest project, Otis will provide 75 escalators and 36 Gen2 machine-roomless elevators with flat-belt technology.

"The 2008 Summer Olympic Games continue to be a major catalyst for significant infrastructure development programs in China, and Otis is proud to be a partner of choice," said Otis President Ari Bousbib.

When completed in 2007, the new station will be the second largest in Beijing and will serve the intercity line between Beijing and Tianjin and the Beijing-Shanghai high-speed rail.

Otis Elevator Company is the world's largest manufacturer and maintainer of people-moving products including elevators, escalators and moving walkways. With headquarters in Farmington, Connecticut, Otis employs 61,000 people, offers products and services in more than 200 countries and territories and maintains 1.5 million elevators and escalators worldwide. United Technologies Corp., based in Hartford, Connecticut, is a diversified company providing high-technology products and services to the building and aerospace industries.

Source: Otis Elevator Company
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