Enjoy reading or listening to the past five days' most important news items. You can also submit your own news by using our form below. If you would like to keep up-to-date on industry news on a weekly basis, sign up for our ELENET newsletter. ELENET is emailed each Wednesday and combines our daily news into one concise, easy-to-read format. Like our audio news? Listen to our podcasts on this page or our media page.
KONE INDIA LEADER: SLOW PANDEMIC RECOVERY HURTING VT
Amit Gossain, managing director of KONE India, says the nation's vertical-transportation (VT) industry is being hampered by the real estate industry's slow recovery from the pandemic, The Hindu reported on November 21. "We haven't come back to our pre-COVID-19 levels," Gossain said. "We are at about 65-70%. Real estate is taking its own time and going slow." He added that 2020 will be a year of negative growth for the VT industry, as real estate is a key client. Gossain said KONE is reducing capital expenditures for 2020 and 2021, though the amount "will be decided later." He sounded an optimistic note, however, saying, "we do think that the real estate industry will have a faster recovery than most people expect." Regarding India's emergence as a hub for R&D, Gossain said the country's nine technology-development centers support the "development of future KONE solutions."
ANOTHER TALL TOWER RISING IN TOKYO’S TORANOMON DISTRICT
Construction has started on a 38-story, 180-m-tall office tower on a former hospital site in the red-hot Toranomon Redevelopment District of Tokyo, the Council on Tall Buildings and Urban Habitat reports, citing Japan Property Central. Targeting a 2023 completion, the 180,000-m2 structure is a project of Nippon Steel Kowa Real Estate, Tokyo Gas Real Estate, Kyushu Railway Co. and Taisei Corp. Close to the new Toranomon Hills Station in an area that is "transforming into an international business hub," the tower will join others such as the recently completed, 183-m-tall Toranomon Hills Business Tower, 215-m-tall Toranomon Hills Residential Tower and the 256-m-tall Toranomon Hills Station Tower.
WOMAN CRITICALLY INJURED IN ESCALATOR FALL IN FLORIDA
Pasco Fire Rescue in Pasco County, Florida, says a 70-year-old woman was hospitalized after becoming critically injured from falling down an escalator at a mall in Wesley Chapel, Florida, on November 20, the Tampa Bay Times reports. The woman was near the top of the escalator when she fell and suffered “major head trauma,” according to fire department. She was flown to a trauma center to receive emergency medical care, the source says.