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http://www.nationmultimedia.com/business/Siam-Hitachi-to-expand-export-role-30296624.html
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SIAM HITACHI TO EXPAND PRODUCTION, REACH
Siam Hitachi Elevator Co., headquartered in Bangkok and primarily serving Asia, plans to expand production and grow exports, The Nation reports. A joint venture with Siam Motors, Siam Hitachi is one of two overseas production facilities of Japan's Hitachi Elevator. It handles the Thailand, Cambodia, Myanmar and Laos markets. The facility aims to increase production from 3,200-5,000 units and grow exports from 40-80% of its products by 2020 by adding up to two additional production lines. The Middle East and European low- to mid-rise markets would be a particular focus. Siam Hitachi also hopes to increase local suppliers from 65-80% in the next few years as it deals with a slack domestic market.
SOLID OUTLOOK FOR BRUGG LIFTING
Business is expected to remain strong for Brugg Lifting, with the Rome, Georgia-based elevator-rope manufacturer reporting it has picked up several significant new clients, the Rome News Tribune reports. Brugg Cables, also based in Rome and sharing a parent company with Brugg Lifting, closed recently, but Brugg Lifting Sales and Marketing Manager Mike Carr said that has nothing to do with his arm of the operation, which has 23 employees and produces approximately 1 million linear ft. of rope every month. Brugg Lifting serves OEMs and maintenance providers in North America and has few domestic competitors. That is part of the reason Carr said he sees "nothing but growth over the next two to three years."
HOTEL/APARTMENT TOWER PLANNED NEAR NYC’S HUDSON YARDS
The Hudson Yards area of New York City (NYC) continues to buzz with activity with CetraRuddy Architecture filing a permit on behalf of Chetrit Group for a 46-story, 622-ft.-tall hotel/apartment tower at 545 West 37th Street, near Hudson Yards and the Javits Center, New York YIMBY reports. The development would be roughly two-thirds commercial and one-third residential, with the hotel occupying 269,688 sq. ft. on the first 29 floors and approximately 130 apartments over 103,688 sq. ft. starting on the 32nd floor. Event spaces, restaurants, a gym and an underground parking garage are also planned.
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