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Home > Company Index > Manufacturing > Industrial Automation Products & Industrial Controls > Otis Elevator Company

Otis Elevator Company
 PROFILE
"Floor, please?" If you are looking for Otis Elevator, head for the top. The United Technologies' subsidiary is the world's #1 maker of elevators, with more than 1 million elevators, escalators, and moving sidewalks in service in more than 200 countries. Otis employs 22,000 mechanics to keep them all moving. The company makes gearless elevators for high-rises, geared elevators for mid-rise buildings, and heavy-duty elevators for moving freight. Other products include escalators, moving walkways, and the Otis Shuttle short-haul transportation system for airports and hospitals. Otis products can be found in such attractions as the Eiffel Tower and the Sydney Opera House. The company makes more than 75% of its sales overseas.

 COMPETITION
Hitachi, Ltd. (HIT)
KONE Corporation (dossier)
Schindler Holding Ltd. (SCHN)

 DEALS
Deal: Otis Elevator Allies with NGN and IBM
Date Announced: 12.07.99
Value of transaction (US $Mil): 0
Description: Elevator maker, digital screen company and computer maker team to develop Internet content on elevator-based display screens.

 FINANCIAL OVERVIEW
2000 Sales (mil.): 6,153.00
1-Yr. Sales Growth: 8.8%
Employees: 63,000
Revenue per employee: $97,666.67

 KEY PEOPLE
• Stephen F. Page
    CEO
• Bill Bridge
    CFO

 CONTACT INFO
One Farm Springs Rd.
Farmington, CT 06032
US
Phone: 860-676-6000
Fax: 860-676-5111
Online: Web Site

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