counter free hit unique web
Saturday, August 13, 2022

Creating liberating content

Capital services operate on...

On Saturday, August 13, 30 degrees of heat are expected in the...

Andrey Bochkarev announced the...

The movement of passenger trains in the third Moscow Central Diameter (MTsD-3)...

The restoration of the...

Specialists have completed the restoration of the facades of the apartment building...

“Five children were born...

Russian ballerina Anastasia Volochkova hosted a family of foreigners in her country...
HomeLatest NewsElevator manufacturer Otis...

Elevator manufacturer Otis will sell its business in Russia

Date: August 13, 2022 2:39 pm

The American elevator manufacturer Otis Worldwide Corporation will sell its business in Russia to S8 Capital. This was reported in the company’s press service on Wednesday, July 27.

“After careful consideration of the global implications and impact of the ongoing humanitarian crisis and tragedy in Eastern Europe, including disruptions to supply chains and tightening regulations, we have concluded that Otis’ ownership of the business in Russia is no longer sustainable and we have reached an agreement with Ice Development for the sale of 100 percent of our participation in the Russian business, — the message speaks.

However, the Ministry of Industry and Trade announced that the holding company S8 Capital would become the final buyer of the company’s Russian business, and Ice Development would be a technical participant in the transaction.

According to Deputy Prime Minister of the Russian Federation, Head of the Ministry of Industry and Trade Denis Manturov, this agreement is important for the development of the entire industry. So, the companies of the former Otis in Russia will begin to accept orders and resume work on August 1, reports RIA Novosti.

It also became known that one of the largest manufacturers of elevators, elevators and escalators in the world, the Finnish company Kone, will sell its business in Russia to the management of the division.



Source: vm.ru

*The article has been translated based on the content of vm.ru. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!



Get notified whenever we post something new!

spot_img

Create a website from scratch

Just drag and drop elements in a page to get started with Newspaper Theme.

Continue reading

Capital services operate on high alert due to hot weather

On Saturday, August 13, 30 degrees of heat are expected in the capital, which will continue throughout the next week, so municipal services continue to work on high alert. This was announced on Wednesday, August 3, by...

Andrey Bochkarev announced the release of traffic on the MCD-3 and MCD-4

The movement of passenger trains in the third Moscow Central Diameter (MTsD-3) "Leningradsko-Kazansky" and the fourth "Kievsko-Gorkovskiy" will open before the end of 2023. This was announced by Sir Moscow Deputy for Urban Policy and Construction, Andrey Bochkarev,...

The restoration of the facades of the House with the Atlanteans in the center of Moscow is completed

Specialists have completed the restoration of the facades of the apartment building with a tea room of the commercial house "D. and A. Rastorgueva”, known as the House with the Atlanteans. This was reported in the press service...

Enjoy exclusive access to all of our content

Get an online subscription and you can unlock any article you come across.