US Elevator Giant Otis Sees Business Boom with China’s...
International News
October 23, 2024
Otis, a prominent U.S.-based elevator manufacturer, is capitalizing on China’s expansive equipment renewal program, which has allocated over $21 billion in long-term treasury bonds. The initiative focuses on modernizing key infrastructure, including elevators. Otis is set to handle significant upgrades across China, enhancing safety and efficiency in vertical transportation systems.