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...After a PhD in law from Zurich university, he went to the Middle East and worked as a journalist until his expertise on the region attracted the Swiss elevator company Schindler....
...In the middle of last year, Schindler launched a suite of eight “clean mobility” options for clients to make elevator use more sanitary....
...Globally the elevators business is dominated by a quartet of companies that also include Otis, which is owned by United Technologies, and the Swiss group Schindler, while there are smaller players from Japan...
...This is especially the case in France, which has the oldest fleet of elevators in the world....
...Schindler, another competitor of the elevators business, had also threatened legal action if a Kone deal went ahead....
...The share prices of rivals Kone, Schindler and Otis have not been hit hard by the crisis. But the sheer size of the deal has complicated matters....
...The former journalist forged the first post-Cultural Revolution joint business venture with China in 1980, as the vice-chairman of the China-Schindler Elevator Company in Beijing....
...Swiss elevator maker Schindler Holding is suing South Korea for more than $300m over losses it suffered from “damaging” deals done by Hyundai Elevator, in which it is the largest single investor....
...“With peers Kone and Schindler trading at elevated [valuation] multiples, there’s significant value within the elevators business which the conglomerate discount placed on Thyssen has historically masked...
...“Take a look at the elevators market — if it was [the case] that only the single-focus companies were high-performing, then Schindler and Kone should be the best, and not Otis....
...In June the group unveiled its latest functioning prototype, called the Multi, as it looks to steal a march on rivals, which includes the world’s biggest lift manufacturer Otis, of the US, Switzerland’s Schindler...
...And finally . . . the Schindler of elevator fame is a Swiss company not connected with Oskar Schindler of the Spielberg film fame....
...Assistance given to HMM by its sister companies has sparked a legal battle with Schindler Elevator....
...The company, Schindler China, gives a nice metaphorical twist to this compelling story. It makes lifts. Elevators....
...Schindler Elevator has accused Hyundai Elevator of destroying $1bn of corporate value over four years, in the latest outburst of investor anger at corporate governance within some of South Korea’s chaebol...
...by Schindler Miconic 10 Traction elevators....
...The case has parallels with a lawsuit filed in February by the Swiss group Schindler Elevator, against the directors of Hyundai Elevator, in which it has a large minority stake....
...In February the Swiss group Schindler Elevator brought a lawsuit against the directors of Hyundai Elevator, in which it holds a 35 per cent stake, and which is part of Hyundai Group but distinct from Hyundai...
...So, in 2007, when Pankaj Sinha was offered a transfer from Mumbai to head the South African division of Schindler, the global elevator group, he and his family got on a plane to find out for themselves....
...“Hyundai Elevator has suffered massive losses . . . to help Ms Hyun maintain her management control over Hyundai Merchant Marine,” said Hwang Ju-myung, a lawyer for Schindler....
...Also in Switzerland, lift and elevator maker Schindler fell 5.2 per cent to SFr136 after reporting a 39 per cent fall in first-half net profit....
...Yet investors also know that margins within some of its technology segments, including elevators, remain below peers such as Schindler and Kone. There is still a lot of heavy lifting to be done....
...Swiss elevator company Schindler ’s plans to launch a new share buyback programme were overshadowed by rival Kone ’s announcement that it was considering an extra dividend for shareholders....
...His focus was on Schindler, the Swiss elevator and escalator maker....
...“Jardine Schindler buys a considerable amount of its products, including escalators and elevators, from factories in China,” says Anthony Nightingale, now a board director after six years as managing director...
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