Otis To Supply 61 Units For Poland's Largest Shopping Mall.Business Editors/Real Estate Writers FARMINGTON, Conn.--(BUSINESS WIRE)--March 17, 2004 Otis Elevator Company The Otis Elevator Company is the world's largest manufacturer of vertical transportation systems, principally elevators and escalators. Founded in Yonkers, New York, USA in 1853 by Elisha Otis, the company pioneered the development of the safety elevator, which used a special has secured contracts to supply and install 61 elevators, escalators and moving walkways for the new Arkadia shopping and entertainment center near Warsaw's central business district. "Arkadia is a symbol of the new Poland," Otis President Ari Bousbib said. "We are proud that our equipment has been selected for this landmark project. It confirms that Otis products meet the needs of customers in one of Europe's most dynamic emerging markets." When Arkadia is completed in the fourth quarter of 2004, it will be Poland's largest mixed-use center, covering 3 million square feet (287,000 square meters), including 1.1 million square feet (110,000 square meters) of retail area. Otis, which has already begun the installation, is supplying 31 elevators, 20 escalators and 10 moving walkways. In addition to anchor tenant Carrefour, Europe's largest retailer, Arkadia will include a mix of specialty and lifestyle retailers, ranging from medium-sized stores to boutique shops. A multiplex See multiplexing. theater, food court, bowling center and other entertainment tenants are also part of the center. Otis Elevator Company, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of United Technologies Corp. (NYSE NYSE See: New York Stock Exchange :UTX UTX United Technologies Corporation (stock abbreviation, AMEX) UTX Unreal Texture (a texture pack for Unreal-engine games) UTX Unit Training Exercise UTX Under Track Crossing ), is the world's largest manufacturer and maintainer of people-moving products, including elevators, escalators, shuttle systems and moving walkways. With headquarters in Farmington, Connecticut Farmington is a town located in Hartford County in central Connecticut in the United States. The population was 23,641 at the 2000 census. It is home to the world headquarters of several large corporations including Carrier Corporation, Otis Elevator Company, and Carvel. , Otis employs 60,000 people, offers products and services in more than 200 countries and territories and maintains more than 1.4 million elevators and escalators worldwide. |
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