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The Mitsubishi Electric-owned Solae Test Tower (173 m) in Inazawa City, Japan, is the world's 4th tallest elevator testing tower after Hyundai elevator test tower at Icheon plant (205 m) South Korea, the Kone Tytyri test tower (235 m) and the Rottweil Test Tower (246 m).
In 1981, Kone entered the American elevator market with the acquisition of New York City-based Armor Elevator Company, which it continued to operate independently as a wholly owned subsidiary. [6] The company acquired Navire Cargo Gear in 1982 and International MacGregor, makers of shipboard cargo access equipment. Wood-handling systems and ...
The company spun off many of its better known businesses after the 1997 Asian financial crisis and founder Chung Ju-yung's death, including Hyundai Motor Group, Hyundai Department Store Group, and Hyundai Heavy Industries Group. The Hyundai Group now focuses on elevators and tourism to Mount Kumgang. [needs update]
The company is America's largest supplier of motor control, radio controls, and automation systems for industrial cranes and hoists. It is also the world's largest independent builder of digital motion control systems for elevators, holding this position by designing and manufacturing motion control subsystems.
The Large Motor Division, once headquartered in Buffalo, NY, entered a joint venture with Taiwan Electric Co. (TECO) in the 1970s and today operates as TECO-Westinghouse. [26] Much of Westinghouse's higher voltage power equipment was sold to ABB in 1989 and renamed the ABB Power T&D Company. [27]
Hyundai Elevator was established as a joint venture between Hyundai Electrical Engineering and Westinghouse Electric in 1984. [2] Schindler Group, a Swiss-based company, succeeded Westinghouse's stake in Hyundai Elevator when Westinghouse disposed of its escalator business in 1989. [3]
The company developed floor control, automatic elevators, acceleration control of car safeties, and a number of freight elevators. The Sprague-Pratt elevator ran faster and with larger loads than hydraulic or steam elevators, and 584 elevators had been installed worldwide. Sprague sold his company to the Otis Elevator Company in 1895.
The company established a manufacturing plant in Nagpur, Maharashtra in 2003 to serve West and North India. [9] [11] Johnson Lifts began expanding overseas in 2006, establishing subsidiaries in Sri Lanka and Nepal. [10] The company sold 5,200 lifts and recorded a revenue of ₹ 419 crore (equivalent to ₹ 11 billion or US$120 million in 2023 ...
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