Otis Secures $251-Elevator Deal for China’s Tianjin 117 Tower — Otis Worldwide Corporation

Event summary

Otis Worldwide will provide 251 elevators and escalators for Tianjin 117 Tower, China’s tallest building under construction.
The project includes modernization of existing elevators and installation of new Otis SkyRise elevators, setting four high-rise mobility records.
Tianjin 117 Tower will be China’s third-tallest building at 596.6 meters, with the highest occupied floor at 584.1 meters.
Otis will deploy its fastest double-deck elevators (12 meters per second) and longest elevator hoistways (597 meters).
The project reinforces Otis’ dominance in high-rise mobility and its long-term commitment to China’s urban development.

The big picture

Otis’ selection for Tianjin 117 Tower underscores its strategic focus on high-rise mobility in China’s rapidly urbanizing cities. The project highlights the growing demand for advanced vertical transportation solutions in supertall buildings, reinforcing Otis’ position as the go-to provider for such complex infrastructure. The integration of digital capabilities and energy-efficient technologies also reflects broader industry trends toward smart and sustainable urban development.

What we're watching

Execution Risk: Whether Otis can maintain strict execution standards while meeting demanding project timelines.
Market Positioning: How this project will solidify Otis’ leadership in high-rise mobility in China.
Technological Innovation: The pace at which Otis can deploy and scale its SkyRise technology in other supertall buildings.