HANGZHOU, China, March 16, 2017 — To mark 20 years in China, Otis Electric is reinforcing its commitment to product and service innovation to support China’s sustainable urbanization. Otis Electric is a brand of Otis, the world’s leading manufacturer and maintainer of people-moving products, including elevators, escalators and moving walkways, a unit of United Technologies Corp. (NYSE: UTX).
“Over the past two decades, Otis Electric has established itself as a key industry player in China,” Perry Zheng, president, Otis China, said at the celebration event attended by some 600 guests. “Leading in China demands long-term commitment and collaboration, backed by innovation, high-quality products and reliable services.”
“As one of three Otis brands in China, Otis Electric is an important part of our work supporting China’s successful urbanization and modernization, Zheng continued. “Otis has a long and proud history in China. We installed our first elevator in China more than a century ago in Shanghai. Our leading presence in infrastructure and iconic high rise buildings across the country underscores persistent customer preference and trust of the Otis brand.”
The Otis Electric brand was introduced to China in January 2016 as the successor to Xizi Otis, which was founded in 1997 in Hangzhou. Together, Otis, Otis Electric and Express/Sigma are designed to meet China’s diverse needs. Right now, Otis Electric has strategic agreements with six of the top 10 real estate developers in China.
"The 20th anniversary represents a milestone of success for Otis Electric. We have built a strong reputation and we are proud to be trusted by our customers and partners,” said Lawrence Chui, president, Otis Electric. “Our success also rests on the shoulders of our employees, and we are committed to continuing to support them with the best training and development, and with new solutions that leverage mobile and Internet of Things technologies to better serve our customers.”
As part of its effort to accelerate innovation, Otis is establishing a new Research & Development center in Shanghai which will develop the elevator and escalator products of the future for China and around the world. Construction of the facility will begin early next year. When completed, it will house 600 engineers and a 220-meter test tower, which will be the tallest Otis test tower in the world.
Otis Electric, a brand of Otis, was introduced to China in January 2016. The Otis Electric is supported by manufacturing facilities in Hangzhou and Chongqing, as well as an accredited testing laboratory, and over 250 branches and service depots across China. With strong capabilities to deploy the advanced technologies in products and services, Otis Electric is dedicated to satisfying customer needs, especially in the residential, commercial and public infrastructure segments.