ORONA ACQUIRES FRENCH, NORWEGIAN COMPANIES
Orona has acquired EST Ascenseurs of France and Heis 1 Group of Norway. EST has more than 2,000 maintenance contracts and more than US$7.8 million in annual revenue. Heis 1 Group has been Orona's distributor for 14 years and has locations in six Norwegian cities. Orona's French presence now consists of eight companies generating nearly US$100 million in revenue and employing more than 450 people. Its Norwegian presence now consists of eight companies and a workforce of almost 80. Orona is based in Spain and operates globally.
RESIDENTIAL TOWER OVERLOOKING NYC WOULD BE 79 STORIES
Developer Chris Jiashu Xu hopes to break ground in 2017 on the 79-story, 778,000-sq.-ft. Court Square City View Tower at 23-15 44th Drive in Long Island City overlooking New York City (NYC), The Real Deal reports. Goldstein, Hill & West is the architect of record for the project, which would include nearly 775 apartments and ground-level retail. Renderings show a sleek, glassy, square design with a stepped top and a large, multilevel podium.
LAWMAKER: CAYMAN ISLANDS NEED ELEVATOR SAFETY LAWS
As high-rise buildings multiply in the Cayman Islands, the need for elevator safety laws is intensifying, according to one lawmaker there, The Cayman Reporter says. There are currently no laws regarding elevator installation or maintenance in the islands, and this could become a public-safety issue, says Member of the Legislative Assembly Ezzard Miller, who plans to ask fellow lawmakers to write the legislation. Among buildings going up is the 12-story Kimpton Seafire Resort, scheduled to open in November.
http://elevatorworld.com/industry-news/february-18-2016/
