2014 Articles › 07.07.2014

07.07.2014 Shanghai, China

Otis and Leading-Group Announce Strategic Agreement to Serve High-End Real Estate Segment

Otis and Leading-Group Real Estate Co. Ltd. announced an strategic agreement under which Otis China will supply elevators to high-end Leading-Group commercial and residential projects across Sichuan, Beijing, Guangzhou and other cities in 2014. Otis is a part of UTC Building & Industrial Systems, a unit of United Technologies Corp. (NYSE: UTX).

The strategic agreement was announced by Tony Black, president of Otis Elevator (China) Investment Co., and Liu Yuqi, president of Leading-Group Real Estate Co., at Leading-Group’s 2014 business partner conference.

“As a key real estate company serving China and the Sichuan province, Leading-Group has demonstrated a strong commitment to the development of premium properties, earning praise from clients and the general public,” Black said at the conference. “Through this new relationship, founded on a mutual desire to pursue excellent service and quality, Otis and Leading-Group will be able to provide customized solutions to meet the needs and expectations of Chinese customers.”

The collaboration between Otis and Leading-Group dates back to 2010, when the two companies began working together in upmarket commercial and residential projects, such as Leading-Amazon and Hongtai Financial Center.

Leading-Group was founded in 1999 to develop high-quality properties throughout China. It has a portfolio that includes prestigious developments such as Chengdu World Financial Center and Changchun World Trade Center.

For more information, visit www.otis.com or follow Otis on Twitter @OtisElevatorCo.

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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