SOURCE: ThyssenKrupp North America, Inc.

ThyssenKrupp North America, Inc.

May 20, 2014 09:00 ET

ThyssenKrupp Leads the Way in Addressing the Challenges of Energy Efficiency in Buildings

New Elevator Technologies Are an Intrinsic Element in Developing Economic and Environmental Sustainability in Buildings for the First Metropolitan Century -- Up to 27% Energy Reduction in New Buildings, 80% Energy Savings With Modernization Solutions, and 30% Increase in Usable Floor Space

WASHINGTON, DC--(Marketwired - May 20, 2014) - ThyssenKrupp, the market leader in the U.S. elevator industry, is focused on contributing to "smarter" urbanization through new elevator technologies. With buildings responsible for about 40% of the world's energy consumption, and an estimated additional 85% of the existing urban and commercial floor space required by 2025, energy has also become a substantial cost factor for every building.

Andreas Schierenbeck, Chief Executive Officer and Executive Chairman of ThyssenKrupp Elevator AG, will highlight some of ThyssenKrupp Elevator's revolutionary energy-saving technologies at the Energy Efficiency (EE) Global Forum, taking place in Washington D.C., May 20-21. These include the company's regenerative products being used in the new One World Trade Center -- capable of generating enough energy to power the building's lighting system; space-saving TWIN elevators which can increase a building's usable floor space by up to 30%; and modernization technologies for use in existing buildings -- a possible solution for the nearly two million units in the U.S. equipped with outdated elevator technologies.

Commenting on sustainable urbanization solutions, Mr. Schierenbeck said, "The time to integrate technology in buildings is now. The expertise and products already exist and, coupled with legislation and financial incentives to go green, the possibilities are endless. The EE Global Forum is an important platform to showcase the strides taken in working toward a more sustainable future, and ThyssenKrupp is poised and ready to take the next steps in achieving energy self-sufficiency in our existing and future cities."

Corresponding with the staggering rate or urbanization is the global demand for elevator equipment and services, which is projected to rise over five percent annually from the current US$62 billion to US$73 billion by 2016. Mid- and high-rise buildings -- proven to be the most environmentally and cost effective constructions -- are rising higher with every passing year. With the mobility of people within urban buildings as important a utility today as water or electricity, elevator technologies have a significant role to play in reconciling the demands of unstoppable urbanization with the necessities of energy sustainability and economic efficiency.

With regard to ThyssenKrupp's long-standing presence in the U.S., Mr. Schierenbeck added, "As the largest employer in the country's elevator industry, which accounts for 14% of the global elevator market and expected to grow from a market value of US$9.3 billion in 2013 to US$10.3 billion in 2019, ThyssenKrupp is bullish on growth in the region. With solutions fully-adjusted to U.S. market requirements, we will continue our policy of local manufacturing, invest in local employees, strengthen our Maintenance Services business, and expand our modernization business with energy efficient solutions."

About ThyssenKrupp Elevator

With sales of 6.2 billion euros in fiscal 2012/2013 and customers in 150 countries, ThyssenKrupp Elevator is one of the world's leading elevator companies. With more than 49,000 highly skilled employees, the company offers innovative and energy-efficient products designed to meet customers' individual requirements. The portfolio includes passenger and freight elevators, escalators and moving walks, passenger boarding bridges, stair and platform lifts as well as tailored service solutions for all products. Over 900 locations around the world provide an extensive sales and service network to guarantee closeness to customers.

ThyssenKrupp Elevator Americas is the largest producer of elevators in the Americas, with more than 15,500 employees, more than 230 branch and service locations. ThyssenKrupp Elevator Americas oversees all business for the operations in the United States, Canada, Central and South America. It is a subsidiary of ThyssenKrupp Elevator AG.

About ThyssenKrupp

ThyssenKrupp, a global technology and materials group headquartered in Essen, Germany, employs around 157,000 people in just under 80 countries and recorded sales of EUR39 billion in fiscal year 2012/2013. In North America, ThyssenKrupp oversees more than 40 companies in the United States, Canada and México. In the fiscal year 2012/2013, ThyssenKrupp generated sales of more than EUR8.3 billion (approximately $11 billion) in North America and employed more than 20,000 people. ThyssenKrupp companies offer a range of products including: premium carbon steel, high-performance alloys, automotive components, elevators, escalators, material trading, handling and logistics, plant construction and industrial services.

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