Meteor elevator Earlier Otis Russia

2023: Agreement with China's Xizi Elevator to supply escalators, travolators and high-speed skyscraper elevators

In January 2023, Meteor Elevator agreed to cooperate with the Chinese Xizi Elevator to supply escalators, travelators and high-speed elevators for skyscrapers.

2022

Rename to Meteor Elevator

Otis Elevator, a former subsidiary of the American Otis Worldwide Corporation, was renamed Meteor Elevator in December 2022.

Launch of elevated elevators into mass production

The elevator plant of the multidisciplinary holding S8 Capital in St. Petersburg (previously owned by the Otis group) launched mass production of elevated elevators in exchange for imported counterparts.

Otis sells Russian business to Armen Sargsyan's S8 Capital holding

Otis, one of the largest manufacturers of elevators and lifting equipment in the world, announced the sale of Russian business in July 2022. The buyer will be the Russian holding S8 Capital Armen Sargsyan, the Ministry of Industry and Trade of the Russian Federation reported.

Ban on participation in public procurement in the Russian Federation

In May 2022, the Russian Government introduced a ban on participation in public procurement of foreign elevator companies. The decision was made against the background of the conflict in Ukraine and the subsequent sanctions by the United States and their satellites.

2010:27% New Elevators Market Share in Russia

According to 2010 data, in Russia Otis occupies about 27% of the sales market for new lifting and transportation equipment, about 15% of the country's elevators are serviced by the company.