Otis wins contract for tallest building in North China


(June 3, 2013) – Otis Elevator Company today announced its latest success in the China marketplace with the award of the Goldin Finance 117 contract in China’s northern metropolis of Tianjin. Goldin Finance 117 is expected to take the honor of being the tallest building in the whole North China region. Otis is a unit of United Technologies Corp. (NYSE:UTX).

Otis will altogether supply 255 units upon its completion in 2016. This new installment in the central business district of Tianjin’s High-Tech Park will reach a prominent height of about 600 meters and 117 floors.

“It is exciting for us to take on another project of such magnitude here in China and it will be the largest single contract for a commercial building for Otis,” said Tom Vining, president of Otis China Area. “Innovation is at the core of what we do and this project requires a number of advanced technologies, including our super high-rise capabilities as well as best-in-class energy saving technology. We will continue bringing superior products to the China market, to meet the needs brought along by fast economic growth.”

The four elevator unit types being used in the project include Elevonic, Skyrise and the energy-efficient GeN2®-MRL elevators and Otis LINK escalators. All elevators will feature Otis’ ReGenTM drives, a regenerative drive system that returns energy to a building’s electrical grid for reuse and if combined with GeN2, is capable of reducing energy usage by up to 75 percent when compared with conventional systems.

Invented by Otis, double-deck elevators improve a building’s overall passenger capacity and reduce construction space. Goldin Finance 117 will have 50 of these units installed, with which two floors can be simultaneously accessible using the same hoistway, allowing more passengers to be served than in a standard single-deck configuration. Depending on the building’s various needs, the double-deck elevators will be able to save up to 40 percent of the space required by traditional elevators.

“Our track record in the world’s tallest buildings, our green capacities, and our “Total Solution” package from planning, engineering and manufacturing, installation to service were cited as the reasons of winning,” said Tony Black, president of Otis Elevator (China) Investment Co., Ltd. “We are also honored to share the same passion for innovation and sustainability with our customer”

Otis also brings extensive experience to support mega-tall buildings like Goldin Finance 117 project. Over the last 100 years, 10 buildings have held the title world’s tallest title and Otis has supplied elevators to eight of them, including the current record-holder Burj Khalifa in Dubai. Other names include the Petronas Towers in Kuala Lumpur and the Shanghai World Financial Center.

The company has created a Global High-rise Contract Logistics Center in Shanghai to support the growing number of high rise structures being proposed around the world. “With its location in Shanghai, the Global High-rise CLC will make a valuable contribution to Otis’ business in the China market,” said Tom Vining, president of Otis China Area. “The high rise market is one of the most challenging areas in the industry and one of Otis’ points of expertise,” he said, adding that, “The establishment of this center is another reflection of our long-term commitment to provide qualified, safe, energy-efficient products and excellent services to our customers.” ​

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