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In February 2007, Schindler, along with competitors Otis Elevator Co., ThyssenKrupp, Kone, and Mitsubishi Elevator Europe were fined by the European Union for a price-fixing cartel. Schindler was fined 144 million euros, or about $189.3 million US dollars. [8] Since 2011, Schindler have sponsored Solar Impulse, a solar-powered aircraft. [9]
In 2005, Schindler acquired the Hontz Elevator Company [1] after a brief legal battle with the German authorities over the registration of the company name. [citation needed] The court held that the Hontz Elevator Company had been established in the 19th century by Karl Hontz (then under the title Die Hontz Aufzugfirma) according to a folder of documents that had previously surfaced in the ...
Montgomery Elevator: Acquired by Kone, Canadian division in 1985 and U.S. division in 1994. Marshall Elevator: Sold to Otis; Schweizerische Aufzügefabrik AG; Thyssen AG: Merged with Krupp and became ThyssenKrupp in 1999, with subsidiary ThyssenKrupp Elevator AG; ThyssenKrupp Elevator AG announced in 2021 a name change and rebranding to TK ...
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This page was last edited on 10 October 2024, at 14:06 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
Despite the invalidation, Schindler purchased a 25.5 percent stake in Hyundai Elevator from KCC after KCC failed to take over the Hyundai Group in 2006. [5] In 2019, Hyundai Elevator sold its primary facilities, including the main factory, dormitories, and headquarters, in Icheon to SK Hynix for ₩205 billion (2019) (US$175.91 million
Became the tallest elevator test tower upon completion in 2009 [11] 9 Schindler Test Tower [12] Schindler Group: Shanghai, China: 656 ft (200 m) 2017 10 Solae Tower [13] Mitsubishi Electric: Inazawa, Japan: 568 ft (173 m) 2007 Became the tallest elevator test tower upon completion in 2007 [14] 11 Fujitec Test Tower: Fujitec: Hikone, Japan: 560 ...
In the twenty-first century Schindler became the largest maker of escalators and second largest maker of elevators in the world, though their first escalator installation did not occur until 1936. [11] In 1979, the company entered the United States market by purchasing the Haughton Elevator company. [12]