Otis Elevator Company
|Industry||Vertical transport systems|
(acquired in 1976)
|Headquarters||Farmington, Connecticut, U.S.|
|Products||Elevators and escalators|
|Revenue||$12.0 billion (2015)|
Number of employees
|More than 65,000|
The Otis Elevator Company is the world's largest manufacturer of vertical transportation systems, principally focusing on elevators, moving walkways and escalators. The company pioneered the development of the "safety elevator", invented by Otis in 1852, which used a special mechanism to lock the elevator car in place should the hoisting ropes fail.
Otis has installed elevators in some of the world's most famous structures, including the Eiffel Tower, Empire State Building, the original World Trade Center, The Twilight Zone Tower of Terror, Petronas Twin Towers, Burj Khalifa, CN Tower, the Hotel del Coronado, the Demarest Building (first electric elevator), the "Pizza Elevator" at Lake Point Tower, and the Skylon Tower.
Statistically, Otis is the world's most popular transportation company. It is estimated that the equivalent of the world's population travel in Otis elevators, escalators and moving walkways every three days. According to United Technologies, Otis elevators alone carry the equivalent of the world's population every nine days.
In 1852 Elisha Otis invented the safety elevator, which automatically comes to a halt if the hoisting rope breaks. After a demonstration at the 1854 New York World's Fair the elevator industry was on its way.
Otis was founded in Yonkers, New York, United States, in 1853 by Elisha Otis. It was acquired by United Technologies in 1976 and is a wholly owned subsidiary. Otis has more than 64,000 employees, with 2014 revenue of US$13.0 billion. The company headquarters are located in Farmington, Connecticut.
Otis has also dabbled in horizontal automated people-mover "shuttle" systems, such as the Otis Hovair. In 1996, Otis formed a joint venture called "Poma-Otis Transportation Systems" with the French company Pomagalski to promote these products, however the partnership has since ended.
Otis Elevator Company purchased Evans Lifts in the UK when Evans Lifts Ltd went bankrupt in 1997 during its merge with Express Lift Company with the name ExpressEvans. It was the oldest and largest manufacturer of lift equipment in the UK and was based in Leicester, England. Otis' Customer Care Centre is still based in the old Evans Lifts building in Leicester. The building has since been extended by Otis.
There are still some installations of Evans Lifts being used today. Very few lifts which are made by Otis themselves are branded as Evans. Notably, an original Evans Lift is still in the Silver Arcade in Leicester. It formerly transported people to the upper floors, but the upper floors are no longer occupied so the lift is no longer used.
President and chairman
- Elisha Graves Otis and Susan A. Houghton, circa 1853
- William Delavan Baldwin, circa 1926
- Percy L. Douglas, ? to 1964
- Fayette S. Dunn, 1964 to ?
- Didier Michaud-Daniel, 2008 to 2012
- Pedro Sainz de Baranda, 2012 to 2014
- Philippe Delpech, 2015–Present
In February 2007, European Union regulators fined Otis Elevator €225 million ($295.8 million) for being part of a price-fixing cartel on the Belgian, Dutch, Luxembourg and German market. Competitors ThyssenKrupp, Schindler Group, Kone and Mitsubishi Elevator Europe were also fined similar amounts in the same cartel.
In October 2013, Otis won its biggest ever contract, it will supply 670 elevators and escalators to the Hyderabad Metro. Its second biggest contract was in 2012, to supply 349 elevators for the Hangzhou metro.
Otis opened a factory in Bloomington, Indiana in 1965. During the 1990s they moved some manufacturing operations from Bloomington to Nogales, Mexico. In 2012 and 2013, Bloomington and Nogales manufacturing operations were consolidated in Florence, SC. They still use some office space at the Bloomington site.
Otis had a factory in Yonkers, New York. It was closed in 1983 and is now a Kawasaki rail car assembly plant.
Otis had a large factory in Harrison, New Jersey.
In 1999, Otis acquired CemcoLift, Inc, located in Hatfield, PA. The operation was later closed in October 2012, with the remaining business being sold to Minnesota Elevator Inc.
Otis has a test tower facility in Bristol, CT and a Service Center in Bloomfield, CT that serve its businesses in North and South America. Other test towers and service centers are located throughout the world.
- "Otis Fact Sheet 2011-2" (PDF). otisworldwide.com.
- "UTC Fact Sheet". utc.com.[dead link]
- "Otis Marks 150th Anniversary of the Modern Elevator". otis.com. Archived from the original on August 13, 2010.
- "Why Consider an Elevator for home?". remi-usa.com.
- "Elisha Graves Otis". Invent Now. Retrieved December 18, 2007.
- "Pay Raised". Time magazine. December 13, 1926. Retrieved 2009-08-18.
The Board of Arbitration met the end of October. On it sat For the railroads: ... For the public: William Delavan Baldwin, chairman, Otis Elevator Co., and Edgar Erastus Clark, onetime (1906-21) I. C. C. commissioner ...
- "Otis Elevator Re-elects Board. At the meeting of the Otis Elevator Company yesterday the directors were re-elected.". New York Times. April 28, 1925.
W. D. Baldwin, Chairman of the board, ...
- "President Elected For Otis Elevator". New York Times. October 26, 1964. Retrieved 2009-08-18.
Fayette S. Dunn The Otis Elevator Company over the weekend the election of Fayette S. Dunn as president and director, succeeding the late Percy L. Douglas. ...
- "Fayette Dunn, 76, Dies. Otis Elevator's Ex-Head". New York Times. December 12, 1979. Retrieved 2009-08-18.
Fayette S. Dunn, former president and chairman of the board of the Otis Elevator Company, died yesterday in Dorset, Vt., where he had lived since his ...
- Brand, Constant (February 21, 2007). "Europeans slap $1.3 billion price-fixing fine on 5 elevator makers, including Otis". USA Today.
- Reporter, B. S. (2013-10-23). "Hyd metro contract is largest for Otis". Business Standard India. Retrieved 2015-04-29.
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