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That sinking feeling: As China slows, so does Otis Elevator

2015-08-23 17:01:40| Paper - Topix.net

As China's economy has grown and skyscrapers sprouted in cities extending ever westward from the Pacific coast, Otis Elevator Co. went along for the ride.

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That sinking feeling: As China slows, so does Otis Elevator

2015-08-23 16:49:30| Industrial Machines - Topix.net

Otis elevator, which rose with China's strengthening economy, now faces declining revenue as the world's second-largest economy slows. Parent company United Technologies Corp. has said for years that increasing urbanization in China will be key to growth in elevator sales and maintenance as high-rise buildings soar in China's cities.

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Keaton Otis

2015-07-21 21:25:38| PortlandOnline

PPB Case #10-38353

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United Technologies Cuts Annual Forecast on Aerospace, Otis

2015-07-21 16:00:30| Paper - Topix.net

United Technologies Corp. cut its 2015 profit forecast for the second time in just over a month, citing weak demand in the units making aerospace parts and Otis elevators. Excluding the Sikorsky helicopter business being sold to Lockheed Martin Corp., earnings this year will be $6.15 to $6.30 a share, down from $6.35 to $6.55, United Technologies said Tuesday in its second-quarter earnings report.

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Otis Field Development, Gulf of Mexico

2015-07-06 17:39:00| Offshore Technology

Otis is a deepwater discovery located in Mississippi Canyon block 79 in the Gulf of Mexico. The field lies in water depth of approximately 3,800ft.

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