Otis ready for race to the top

Elevator company confident of strong growth in domestic market

Skyscrapers and imposing buildings are a common sight in most first- and second-tier Chinese cities. But with growth mushrooming and urbanization going into overdrive, demand for big buildings and high-speed elevators is also spiraling in China, says Tony Black, president of Otis Elevator (China) Investment Co Ltd.

Black has done his arithmetic well. China is already the world's largest manufacturer and seller of elevators, with annual demand growing an average 20 percent over the past decade.