Industry News for December 9, 2015

CANNY ACTIVITY AROUND THE WORLD
Canny is wrapping up 2015 with a flurry of activity, including events in New York City (NYC); its headquarters in Suzhou City, China; and Manila, the Philippines, EW Correspondent Peng Jie reports. In NYC in October, Canny was one of 66 Chinese companies showcased on Times Square billboards as part of the 66th annual China National Day. Also in October, Canny welcomed 20 visitors from the South Korean Quality Supervision Bureau to its headquarters in Suzhou City to share industry information and research. In November, Canny Chairman Wang Youlin joined fellow business leaders at the 2015 Asia-Pacific Economic Cooperation Business Leaders Summit in Manila, where they led discussions on how to locate business niches and facilitate economic cooperation.

ALIMAK HOISTS IN DENVER, NYC
Alimak Group is providing hoists for the construction of commercial highrises in the Denver and New York City (NYC) areas under contracts totaling approximately US$1.8 million. They are being delivered during the first quarter of 2016. Upon announcement of the work, Fredrik Betts, executive vice president and head of Business Area Construction Equipment, said the company is "encouraged by the continued interest and confidence shown by our customers through the placement of additional orders for the full range of Alimak products."

1 UNDERSHAFT WOULD SURPASS SHARD, BE LONDON’S TALLEST
The Guardian is among publications to reveal plans to build 1 Undershaft between the Leadenhall Building (Cheesegrater) and 30 St Mary Axe (Gherkin) in London's Financial District. Architect Eric Parry is responsible for the design of the 90,000 m2 office building, which would have a square footprint and be relatively restrained. With crisscrossing red bracing and horizontal white louvres, 1 Undershaft would stand 73 stories and 309.6 m -- a touch taller than the Shard. The plan for the property, purchased several years ago by the billionaire founders of the world’s largest palm-oil producer, is still under review, and no timeframe has been given.

ARGENTINA MARKET EXPLORED IN REPORT
Research and Markets has announced the availability of Argentina Elevator and Escalator Market Report 2015-2019. The report observes the market is projected to grow at a compound annual growth rate of 4.95% in terms of newly installed units. It provides a detailed analysis of the main players in the market: Mitsubishi Electric, Otis, Schindler and thyssenkrupp, as well as descriptions of other market players. Increased tourism is driving business, according to the report, but also presents challenges as OEMs are forced to figure out ways to expand elevator capacity without making significant structural changes to buildings.

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