Russian escalator market might become world’s largest

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Russian escalator market might become world’s largest
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The Russian market of lifting equipment may be among the largest ones in the world due to regional systems of major repairs and a project for expedited replacement of elevators, as it follows from a report of the Construction Ministry of the Russian Federation.




The regional program of overhaul includes the upgrading of more than 400,000 elevators, not less than 30% of them have already exceeded their lifespan, the report says. Thus, within the framework of major repairs programs, the Ministry of Construction has launched a priority departmental project for expedited replacement of elevators.

“One of the tools will be the expansion of lending of the elevators’ replacement, that opens up a huge market for Russian producers” – the document cites the Deputy Minister of Construction and Housing, Andrey Chibis.

 



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