Positioned as Asia-Pacific hub to support IoT-connected elevator R&D

Incheon, KOREA, June 20, 2019 – Today, Otis Korea celebrates the completion of its Otis Korea Manufacturing & Engineering Center in Songdo District in the Incheon Free Economic Zone (IFEZ), which will soon begin operations. Spanning over an area of 15,600 sqm, this new Center will replace the Otis Korea R&D and production facilities previously located in separate cities – Seoul, Incheon, and Changwon. Otis, the world’s leading manufacturer and maintainer of people-moving products, including elevators, escalators and moving walkways, is a unit of United Technologies Corp. (NYSE: UTX).

Over 100 invited guests and Otis employees participated in a celebration ceremony, together with senior Otis executives, including President & CEO Judy Marks, Asia Pacific President Stephane de Montlivault and Korea VP & Managing Director IS Cho. Key representatives from public organizations namely Jong-Hyeon Park, Director of Ministry of the Interior and Safety, Pyung-ryun Yu, Vice Commissioner of IFEZ Authority, Young-kee Kim, President of Korea Elevator Safety Agency also joined the celebration.

“The decision to invest in the Otis Korea Manufacturing & Engineering Center illustrates our commitment to Korea, as one of the top elevator markets in the world with leading edge technology,” said Stephane de Montlivault, Otis Asia Pacific President at the opening event. “I expect the facilities to support increasing customer demand and expectations in the Asia Pacific elevator industry and deliver exceptional value for our customers through the Internet of Things (IoT).”

The Otis Korea Manufacturing & Engineering Center will be an R&D hub for Otis in Asia Pacific. The center will support digital research as well as support the company’s work on connected elevators.

The facilities will accommodate production lines for core components enabled by the latest technology, such as elevator controllers. With engineering and manufacturing facilities co-located within the Center, Otis Korea expects faster development, design, and quality testing with enhanced synergy between its technology and product development teams encouraging faster customer response for service and installation.

“The Otis Korea Manufacturing & Engineering Center in Songdo is an exciting achievement that marks our commitment to an even brighter future,” said Otis Korea VP & Managing Director IS Cho. “This Center not only takes the quality of our products and services to the next level, but it also promotes the advancement of the elevator industry in Korea.”