Otis, the renowned U.S. elevator company, is making significant strides in the Chinese market under the leadership of Judy Marks, chair, CEO, and president of the company. At the recent China International Import Expo (CIIE), Marks shared her enthusiasm for the future, highlighting Otis's commitment to supporting the Chinese mainland's urban renewal initiatives.
\"We've already launched multiple products,\" Marks told CGTN at the expo. \"We've brought forward an entire new product plan for modernization and refurbishment that will support the government's urban renewal policy.\" This strategic move aligns perfectly with China's ongoing efforts to modernize its urban infrastructure.
Over the past 4.5 years, Otis has witnessed a remarkable increase in its operations within China, with the number of units it services doubling. \"It's an attractive market. The service market is growing, and the refurbishment and modernization market is just starting to take off,\" Marks remarked.
The CIIE serves as an ideal platform for Otis to showcase its latest products and engage with a diverse range of stakeholders, including customers, government officials, agents, and distributors. This comprehensive engagement strategy ensures that Otis remains at the forefront of the evolving Chinese market.
Videographer: Zhao Yuxiang
Reference(s):
Otis puts forward new plan to echo China's urban renewal policies
cgtn.com
