Big Escalator Order Solidifies Hyundai’s Chinese Presence

Welcome to the Elevator World News Podcast. Today’s podcast news podcast is sponsored by elevatorbooks.com: www.elevatorbooks.com BIG ESCALATOR ORDER SOLIDIFIES HYUNDAI’S CHINESE PRESENCE An order for 229 escalators at 19 stations along Line 2 of the subway in Harbin extends Hyundai Elevator’s presence in China, particularly in Heilongjiang Province, where it is the largest subway escalator provider, Business Korea reports. Hyundai Elevator announced the order, equivalent to roughly US$241 million, on August 31. In 2017, the OEM won a contract to supply 52 escalators to five stations along Harbin Subway Line and, the following year, an order for 66 escalators in five stations on Line 1, bringing the total number of Hyundai units serving the system to nearly 350. The source observes the latest order will likely put Hyundai Elevator in an advantageous position in the second and third bidding for Subway Line 3, scheduled at the end of this year and early next year, respectively. Those orders would total approximately 320 units. Image credit: from Business Korea To read the full transcript of today's podcast, visit: elevatorworld.com/news Subscribe to the Podcast: iTunes │ Google Play | SoundCloud │ Stitcher │ TuneIn