2014 Articles › 07.23.2014

07.23.2014 Hangzhou, China

Xizi Otis Signs Strategic Cooperation Agreement with Gemdale

Xizi Otis Elevator Co. Ltd. (Xizi Otis) has signed a strategic cooperation agreement with Gemdale, a leading residential and commercial real estate developer. According to the agreement, Xizi Otis will provide elevators and escalators for upscale residences, business complexes and real estate projects developed by Gemdale in 25 major cities in China this year. Xizi Otis is a subsidiary of Otis Elevator Co., which is a part of UTC Building & Industrial Systems, a unit of United Technologies Corp. (NYSE: UTX).

Alan Cheung, president of Xizi Otis, said, “Through innovative products and reliable quality, Gemdale has launched many high-quality projects nationwide in the past 20 years under the mission of ‘science for building houses.’ Xizi Otis is honored to work with Gemdale and support its growing business with reliable and sustainable elevators.”

The strategic cooperation agreement between Gemdale and Xizi Otis started in 2000 and has since evolved and expanded in scope. Last year, Xizi Otis provided more than 500 Gen2® elevators to Gemdale to support its projects in key cities like Beijing, Shanghai and Dalian. Recently, Xizi Otis was named Gemdale’s 2013 Best Supplier of Strategic Procurement for good performance in project design, installation coordination, quality and after-sale services. With a history of 21 years in property development, Gemdale has been named one of the top 10 real estate companies by the China Real Estate Association.

For more information, visit www.xiziotis.com.

About Xizi Otis
Xizi Otis was founded in 1997 as a subsidiary of Otis Elevator Company in China. It has established two manufacturing facilities in Hangzhou and Chongqing, a testing lab accredited by the Certification and Accreditation Administration of the People’s Republic of China (CNAS) and an R&D center with more than 120 engineers.

About Otis
Otis Elevator Company is the world’s largest manufacturer and maintainer of people-moving products, including elevators, escalators and moving walkways. Founded 161 years ago by the inventor of the safety elevator, Otis offers products and services in more than 200 countries and territories, and maintains more than 1.8 million elevators and escalators worldwide. Otis is a part of UTC Building & Industrial Systems, a unit of United Technologies Corp., a leading provider to the aerospace and building systems industries worldwide. For more information, visit www.otis.com or follow @OtisElevatorCo on Twitter.

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