Otis China to Supply 131 Elevators for Nanchong Wangfujing Plaza, West China

Nanchong Wangfujing Plaza_OCL

TIANJIN, China, Feb 25, 2016 – Otis Elevator China Co. Ltd (“Otis China”) has been awarded a project to provide 131 elevators, escalators and moving walkways for Wangfujing Plaza, a new upmarket mixed-use business park now under development in Nanchong, Sichuan province. Otis, the world’s largest manufacturer and maintainer of people-moving products, including elevators, escalators and moving walkways, is a unit of United Technologies Corp. (NYSE: UTX).

With a construction area of 230,000 square meters, the Wangfujing Plaza is designed as a one-stop business park, integrating offices, shopping, dining and entertainment. Upon completion, the project will become a new landmark in Nanchong.

The premises will be served by 131 Otis units, including 29 Otis Gen2® elevators, 100 escalators and two moving walkways. The Otis Gen2 elevator uses innovative polyurethane-coated steel belts, which make the system more compact and efficient, and gives it a working life three times longer than systems that use conventional steel ropes. The Gen2 elevators also incorporate a ReGen™ drive technology for energy savings of up to 75 percent compared to traditional elevator systems with conventional drives.

“Being awarded the Wangfujing Plaza project demonstrates Otis’ leading products and technologies as the preferred choice of customers,” said Tony Black, president, Otis Elevator (China) Investment Co. Ltd. “With more than 160 years of industry experience, and a strong track record supporting iconic buildings and infrastructure projects in China, we are committed to supporting urbanization in China by providing more energy efficient, reliable elevators and escalators for the riding public.”

About Otis
Otis is the world’s largest manufacturer and maintainer of people-moving products, including elevators, escalators and moving walkways. Founded more than 160 years ago by the inventor of the safety elevator, Otis offers products and services through its companies in more than 200 countries and territories, and maintains more than 1.9 million elevators and escalators worldwide. Otis is a unit of United Technologies Corp., a leading provider to the aerospace and building systems industries worldwide. For more information, visit www.otis.com.

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