Business Digest, September 24, 2012

Otis eyes 10pc growth in China elevator sales

United Technologies expects Chinese orders at its Otis elevator unit to grow at least 10 per cent next year as the business wins customers back following a fatal accident in Beijing. The US company just opened a new plant in Chongqing, boosting its presence in a country that makes up about half of worldwide elevator sales. Otis' global head of strategy has moved to Shanghai as the company repairs its reputation after an accident in Beijing's subway system in July last year that left one person dead. Bloomberg

via Business feed http://www.scmp.com/business/china-business/article/1045172/business-digest-september-24-2012