Taizhou Yintai City Project Chooses 187 Otis Electric Units


HANGZHOU, China, July 06, 2016 — Xizi Otis Elevator Company Limited through the Otis Electric brand continues its longstanding support of Yintai Group to provide 187 elevators and escalators to Jiaojiang Yintai City in Taizhou, East China. Otis Electric is a brand of Otis Elevator Company, which is a part of Otis, a unit of United Technologies Corp. (NYSE: UTX).

Yintai Group, one of the leading property developers in China, has already installed more than 1,500 Xizi Otis elevators and escalators in real estate projects throughout China, including Beijing, Chengdu and Hangzhou.

The Jiaojiang Yintai City will provide 560,000 square meters of commercial, residential and retail space, including a 150-meter tall complex, which is expected to be the tallest building in Taizhou.

“Yintai Group has been an important customer with a close business relationship that has grown over many years,” said Lawrence Chui, president, Otis Electric and Xizi Otis. “With this Taizhou project, we are once again affirming our commitment to Yintai Group and pledging our support to help make this commercial complex a defining landmark for Taizhou.”

The 187 Otis Electric elevators and escalators include the Gen2®-MR elevator, which won the China Machinery Industry Science and Technology (MIST) Award in 2014.

Otis Electric
Otis Electric, a sub-brand of Otis, was introduced to China in January 2016. The Otis Electric brand is authorized to Xizi Otis Elevator Co., Ltd. for use, supported by manufacturing facilities in Hangzhou and Chongqing, as well as an accredited testing laboratory and over 240 branches and service depots across China. With strong capabilities to deploy the latest technologies in products and services, Otis Electric is dedicated to satisfying customer needs, especially in the residential, commercial and public infrastructure segments.

About Otis
Otis is the world’s leading manufacturer and maintainer of people-moving products, including elevators, escalators and moving walkways. Founded more than 160 years ago by the inventor of the safety elevator, Otis offers products and services through its companies in more than 200 countries and territories worldwide. Otis is a unit of United Technologies Corp., a leading provider to the aerospace and building systems industries worldwide. For more information, visit www.otis.com.

The Jiaojiang Yintai City in Taizhou, East China consists of a 150-meter mixed commercial building which is expected to be the tallest in the city.

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