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In the early days, IFE was mainly engaged in the manufacture of ]s.<ref>{{cite web | author1=Huo Siying | author2=Li Jiale | title=China's Traditional Manufacturing Industry Needs Transformation and Upgrading | publisher=] | url=https://archive.ph/20241221100119/https://www.sohu.com/a/662730442_267106?scm=1102.xchannel:325:100002.0.6.0 | date=April 2, 2023 }}</ref> Outside of China, the company has established operations in markets such as Singapore,<ref>{{cite web | author=Raj Moorthy | title=Chinese elevator manufacturer IFE Elevators consolidates presence in Sri Lanka | work=] | url=https://archive.ph/20241221122218/http://www.sundaytimes.lk/150329/business-times/chinese-elevators-unit-takes-risk-in-sri-lanka-venture-amidst-question-mark-over-chinese-projects-141341.html | date=March 29, 2015 }}</ref> Australia,<ref>{{cite web | author=Kim MacDonald | title=Installation of Elevators Provides Economic Lift in China | work=] | url=https://archive.ph/20240124161925/https://thewest.com.au/news/australia/workers-strike-over-visa-rort-claims-ng-ya-138900 | date=November 25, 2011 }}</ref> and the Philippines.<ref>{{cite web | author=Kenneth M. del Rosario | title=IFE Elevators eyes PH'S vertical transportation market | publisher=] | url=https://www.pressreader.com/philippines/philippine-daily-inquirer-1109/20121228/282213713155821 | date=December 28, 2012 }}</ref> The firm supplied products to Quezon City-based Diliman Doctors Hospital.<ref>{{cite web | title=IFE Elevators Expands Presence in the Philippines | work=] | url=https://archive.ph/20241217152508/https://manilastandard.net/?p=261102 | date=March 16, 2018 }}</ref> In 2023, it launched new villa elevator products in the Middle East.<ref>{{cite web | author=Xie Maishi | title=Chinese Elevator Maker IFE Elevators Enters the Middle East | work=] | date=July 23, 2024 | url=https://epaper.nfnews.com/nfdaily/html/202407/23/content_10106777.html | archive-url=https://archive.ph/20241220105239/https://epaper.nfnews.com/nfdaily/html/202407/23/content_10106777.html | archive-date=December 20, 2024 | url-status=live }}</ref> In the early days, IFE was mainly engaged in the manufacture of ]s.<ref>{{cite web | author1=Huo Siying | author2=Li Jiale | title=China's Traditional Manufacturing Industry Needs Transformation and Upgrading | publisher=] | url=https://archive.ph/20241221100119/https://www.sohu.com/a/662730442_267106?scm=1102.xchannel:325:100002.0.6.0 | date=April 2, 2023 }}</ref> Outside of China, the company has established operations in markets such as Singapore,<ref>{{cite web | author=Raj Moorthy | title=Chinese elevator manufacturer IFE Elevators consolidates presence in Sri Lanka | work=] | url=https://archive.ph/20241221122218/http://www.sundaytimes.lk/150329/business-times/chinese-elevators-unit-takes-risk-in-sri-lanka-venture-amidst-question-mark-over-chinese-projects-141341.html | date=March 29, 2015 }}</ref> Australia,<ref>{{cite web | author=Kim MacDonald | title=Installation of Elevators Provides Economic Lift in China | work=] | url=https://archive.ph/20240124161925/https://thewest.com.au/news/australia/workers-strike-over-visa-rort-claims-ng-ya-138900 | date=November 25, 2011 }}</ref> and the Philippines.<ref>{{cite web | author=Kenneth M. del Rosario | title=IFE Elevators eyes PH'S vertical transportation market | publisher=] | url=https://www.pressreader.com/philippines/philippine-daily-inquirer-1109/20121228/282213713155821 | date=December 28, 2012 }}</ref> The firm supplied products to Quezon City-based Diliman Doctors Hospital.<ref>{{cite web | title=IFE Elevators Expands Presence in the Philippines | work=] | url=https://archive.ph/20241217152508/https://manilastandard.net/?p=261102 | date=March 16, 2018 }}</ref> In 2023, it launched new villa elevator products in the Middle East.<ref>{{cite web | author=Xie Maishi | title=Chinese Elevator Maker IFE Elevators Enters the Middle East | work=] | date=July 23, 2024 | url=https://epaper.nfnews.com/nfdaily/html/202407/23/content_10106777.html | archive-url=https://archive.ph/20241220105239/https://epaper.nfnews.com/nfdaily/html/202407/23/content_10106777.html | archive-date=December 20, 2024 | url-status=live }}</ref>
==History== ==History==
The company's predecessor was established in 1987. In 1989, it produced its first elevator.<ref>{{cite web | author1=Che Xiaohui | author2=Meng Yingru | title=Private Enterprises Become China's Largest Foreign Trade Entity | work=] | date=September 18, 2019 | url=http://www.xinhuanet.com/fortune/2019-09/18/c_1125008476.htm | archive-url=https://web.archive.org/web/20190928115616/http://www.xinhuanet.com/fortune/2019-09/18/c_1125008476.htm | archive-date=September 28, 2019 | url-status=dead }}</ref> In 1998, IFE was officially formed. In the same year, it entered Indonesia.<ref>{{cite web | title=China's Belt and Road Initiative Turns 10 | author=Liang Hongyu | work=] | date=December 7, 2023 | url=https://www.takungpao.com/special/239159/2023/1207/920587.html | archive-url=https://web.archive.org/web/20241221142346/https://www.takungpao.com/special/239159/2023/1207/920587.html | archive-date=December 21, 2024 | url-status=live }}</ref> In 2008, the firm won its first bid for the ] projects in Singapore.<ref>{{cite web | author= | title=IFE Elevators Accelerates its Global Expansion | work=] | url=https://archive.ph/20240130114158/https://www.zaobao.com/special/report/supplement/gdexpo2016/news/story20161029-684160 | date=October 29, 2016 }}</ref> The company's predecessor was established in 1987. In 1989, it produced its first elevator.<ref>{{cite web | author1=Che Xiaohui | author2=Meng Yingru | title=Private Enterprises Become China's Largest Foreign Trade Entity | work=] | date=September 18, 2019 | url=http://www.xinhuanet.com/fortune/2019-09/18/c_1125008476.htm | archive-url=https://web.archive.org/web/20190928115616/http://www.xinhuanet.com/fortune/2019-09/18/c_1125008476.htm | archive-date=September 28, 2019 | url-status=dead }}</ref> In 1998, IFE was officially formed. In the same year, it entered Indonesia.<ref>{{cite web | title=China's Belt and Road Initiative Turns 10 | author=Liang Hongyu | work=] | date=December 7, 2023 | url=https://www.takungpao.com/special/239159/2023/1207/920587.html | archive-url=https://web.archive.org/web/20241221142346/https://www.takungpao.com/special/239159/2023/1207/920587.html | archive-date=December 21, 2024 | url-status=live }}</ref> In 2008, the firm won its first bid for the ] projects in Singapore.<ref>{{cite web | title=IFE Elevators Accelerates its Global Expansion | work=] | url=https://archive.ph/20240130114158/https://www.zaobao.com/special/report/supplement/gdexpo2016/news/story20161029-684160 | date=October 29, 2016 }}</ref>


In 2012, IFE was changed to a ].<ref>{{cite web | title=Offering Circular of IFE Elevators | work=] | url=http://www.csrc.gov.cn/csrc/c101803/c1007107/1007107/files/%E5%BF%AB%E6%84%8F%E7%94%B5%E6%A2%AF%E8%82%A1%E4%BB%BD%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B8%E9%A6%96%E6%AC%A1%E5%85%AC%E5%BC%80%E5%8F%91%E8%A1%8C%E8%82%A1%E7%A5%A8%E6%8B%9B%E8%82%A1%E8%AF%B4%E6%98%8E%E4%B9%A6%EF%BC%88%E7%94%B3%E6%8A%A5%E7%A8%BF%E6%8A%A5%E9%80%81%E6%97%A5%E6%9C%9F2017%E5%B9%B41%E6%9C%886%E6%97%A5%EF%BC%89.pdf | date=January 13, 2017 }}</ref> In 2014, it set up a South African branch.<ref>{{cite web | title=New lift supplier enters SA market, increases local competition | last=Kolver | first=Leandi | work=Engineering News | date=March 7, 2014 | url=https://www.engineeringnews.co.za/article/new-lift-supplier-enters-sa-market-increases-local-competition-2014-03-07 | archive-url=https://web.archive.org/web/20240127082550/https://www.engineeringnews.co.za/article/new-lift-supplier-enters-sa-market-increases-local-competition-2014-03-07 | archive-date=January 27, 2024 | url-status=live }}</ref> As of 2016, the company had an annual production capacity of 15,000 complete elevators.<ref>{{cite web | title=3rd edition of Maritime Silk Road International Expo concludes | work=] | url=https://archive.ph/20240131050031/https://www.zaobao.com/special/report/supplement/gdexpo2016/news/story20161028-684159 | date=October 28, 2016 }}</ref> In 2012, IFE was changed to a ].<ref>{{cite web | title=The Offering Circular of IFE Elevators Co., Ltd. | work=] | url=http://www.csrc.gov.cn/csrc/c101803/c1007107/1007107/files/%E5%BF%AB%E6%84%8F%E7%94%B5%E6%A2%AF%E8%82%A1%E4%BB%BD%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B8%E9%A6%96%E6%AC%A1%E5%85%AC%E5%BC%80%E5%8F%91%E8%A1%8C%E8%82%A1%E7%A5%A8%E6%8B%9B%E8%82%A1%E8%AF%B4%E6%98%8E%E4%B9%A6%EF%BC%88%E7%94%B3%E6%8A%A5%E7%A8%BF%E6%8A%A5%E9%80%81%E6%97%A5%E6%9C%9F2017%E5%B9%B41%E6%9C%886%E6%97%A5%EF%BC%89.pdf | date=January 13, 2017 }}</ref> In 2014, it set up a South African branch.<ref>{{cite web | title=New lift supplier enters SA market, increases local competition | last=Kolver | first=Leandi | work=Engineering News | date=March 7, 2014 | url=https://www.engineeringnews.co.za/article/new-lift-supplier-enters-sa-market-increases-local-competition-2014-03-07 | archive-url=https://web.archive.org/web/20240127082550/https://www.engineeringnews.co.za/article/new-lift-supplier-enters-sa-market-increases-local-competition-2014-03-07 | archive-date=January 27, 2024 | url-status=live }}</ref> As of 2016, the company had an annual production capacity of 15,000 complete elevators.<ref>{{cite web | title=3rd edition of Maritime Silk Road International Expo concludes | work=] | url=https://archive.ph/20240131050031/https://www.zaobao.com/special/report/supplement/gdexpo2016/news/story20161028-684159 | date=October 28, 2016 }}</ref>


In 2016, IFE attended the MSRE Exhibition.<ref>{{cite web | title=Seven Highlights of MSRE Exhibition 2016 | newspaper=] | date=October 19, 2016 | url=https://archive.ph/20240130114243/https://www.zaobao.com/special/report/supplement/gdexpo2016/details/story20161019-679774 }}</ref> In 2017, the company ] on the SME Board of the ], with the stock code 002774.<ref>{{cite web | title=Top lifts and escalators companies in the world | author=Dennis Ayemba | work=Construction Review Online | date=January 23, 2023 | url=https://constructionreviewonline.com/top-companies/top-lifts-and-escalators-companies-in-the-world/ | archive-url=https://web.archive.org/web/20241221151417/https://constructionreviewonline.com/top-companies/top-lifts-and-escalators-companies-in-the-world/ | archive-date=December 21, 2024 | url-status=live }}</ref> In 2021, its full-year sales reached more than 1.98 billion yuan.<ref>{{cite web | author= | title=IFE Elevators Publishes its 2021 Annual Report | work=MarketScreener | date=March 30, 2022 | url=https://archive.ph/20240131143745/https://www.marketscreener.com/quote/stock/IFE-ELEVATORS-CO-LTD-64309706/news/IFE-Elevators-Co-Ltd-Reports-Earnings-Results-for-the-Full-Year-Ended-December-31-2021-39922395/ }}</ref> In 2016, IFE attended the MSRE Exhibition.<ref>{{cite web | title=Seven Highlights of MSRE Exhibition 2016 | newspaper=] | date=October 19, 2016 | url=https://archive.ph/20240130114243/https://www.zaobao.com/special/report/supplement/gdexpo2016/details/story20161019-679774 }}</ref> In 2017, the company ] on the SME Board of the ], with the stock code 002774.<ref>{{cite web | title=Top lifts and escalators companies in the world | author=Dennis Ayemba | work=Construction Review Online | date=January 23, 2023 | url=https://constructionreviewonline.com/top-companies/top-lifts-and-escalators-companies-in-the-world/ | archive-url=https://web.archive.org/web/20241221151417/https://constructionreviewonline.com/top-companies/top-lifts-and-escalators-companies-in-the-world/ | archive-date=December 21, 2024 | url-status=live }}</ref> In 2021, its full-year sales reached more than 1.98 billion yuan.<ref>{{cite web | title=IFE Elevators Co., Ltd. Publishes its 2021 Annual Report | work=MarketScreener | date=March 30, 2022 | url=https://archive.ph/20240131143745/https://www.marketscreener.com/quote/stock/IFE-ELEVATORS-CO-LTD-64309706/news/IFE-Elevators-Co-Ltd-Reports-Earnings-Results-for-the-Full-Year-Ended-December-31-2021-39922395/ }}</ref>


==References== ==References==

Revision as of 12:43, 31 December 2024

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IFE Elevators Co., Ltd.
Company typePublic
Traded asSZSE: 002774
IndustryManufacturing
Founded1998
Area servedWorldwide
Key peopleLuo Aiwen (chairperson)
ProductsElevators and escalators
Websitewww.ife-elevator.com

IFE Elevators (Chinese: 快意电梯), fully known as IFE Elevators Co., Ltd., simply as IFE, is a Chinese elevator manufacturer founded in 1998. After approval from the CSRC, the company was listed on the Shenzhen Stock Exchange in March 2017. It is focused on the production of elevators, and escalators, as well as travelators. The firm is an elevator supplier of the Singapore Housing and Development Board.

In the early days, IFE was mainly engaged in the manufacture of freight elevators. Outside of China, the company has established operations in markets such as Singapore, Australia, and the Philippines. The firm supplied products to Quezon City-based Diliman Doctors Hospital. In 2023, it launched new villa elevator products in the Middle East.

History

The company's predecessor was established in 1987. In 1989, it produced its first elevator. In 1998, IFE was officially formed. In the same year, it entered Indonesia. In 2008, the firm won its first bid for the HDB projects in Singapore.

In 2012, IFE was changed to a joint stock company. In 2014, it set up a South African branch. As of 2016, the company had an annual production capacity of 15,000 complete elevators.

In 2016, IFE attended the MSRE Exhibition. In 2017, the company went public on the SME Board of the SZSE, with the stock code 002774. In 2021, its full-year sales reached more than 1.98 billion yuan.

References

  1. "IFE Elevators establishes its first branch in Sri Lanka". Daily Mirror. April 2, 2015.
  2. "HETCO Launches a Permanent National Pavilion of Greece in South China". CNN. August 9, 2019.
  3. Keith Bradsher (September 24, 2020). "China's New Way to Stimulate the Economy: Installing Elevators in Older Apartments". The New York Times.
  4. Keith Bradsher (August 23, 2021). "During the Coronavirus Pandemic, China Finds Ways to Deal with the Slowdown". The New York Times.
  5. Keith Bradsher (October 15, 2021). "As China Ages, a Push to Add Elevators Offers a New Kind of Economic Relief". The New York Times.
  6. Zhang Xiliang (March 5, 2017). "CSRC Approves IPO Applications of 10 Companies". Reuters.
  7. "Share of IFE Elevators to debut trade on March 24 in Shenzhen". Yahoo News. March 22, 2017.
  8. Matheus Doliveira (October 13, 2020). "Life in China Returns to Normal after COVID-19". The New York Times.
  9. "IFE Elevators Executives Visit Its Philippine Branch". Philippine Daily Inquirer. March 17, 2018.
  10. Grace Melanie L. Lacamiento (October 28, 2013). "Elevator company finds Cebu ideal for expansion". The Philippine Star.
  11. "IFE Elevators presents elevator lab to KDU". Daily FT. February 26, 2016. Archived from the original on January 24, 2024.
  12. Huo Siying; Li Jiale (April 2, 2023). "China's Traditional Manufacturing Industry Needs Transformation and Upgrading". Xinhua News Agency.
  13. Raj Moorthy (March 29, 2015). "Chinese elevator manufacturer IFE Elevators consolidates presence in Sri Lanka". The Sunday Times.
  14. Kim MacDonald (November 25, 2011). "Installation of Elevators Provides Economic Lift in China". The West Australian.
  15. Kenneth M. del Rosario (December 28, 2012). "IFE Elevators eyes PH'S vertical transportation market". Philippine Daily Inquirer.
  16. "IFE Elevators Expands Presence in the Philippines". Manila Standard. March 16, 2018.
  17. Xie Maishi (July 23, 2024). "Chinese Elevator Maker IFE Elevators Enters the Middle East". Southern Daily. Archived from the original on December 20, 2024.
  18. Che Xiaohui; Meng Yingru (September 18, 2019). "Private Enterprises Become China's Largest Foreign Trade Entity". Xinhua News Agency. Archived from the original on September 28, 2019.
  19. Liang Hongyu (December 7, 2023). "China's Belt and Road Initiative Turns 10". Ta Kung Pao. Archived from the original on December 21, 2024.
  20. "IFE Elevators Accelerates its Global Expansion". Lianhe Zaobao. October 29, 2016.
  21. "The Offering Circular of IFE Elevators Co., Ltd" (PDF). China Securities Regulatory Commission. January 13, 2017.
  22. Kolver, Leandi (March 7, 2014). "New lift supplier enters SA market, increases local competition". Engineering News. Archived from the original on January 27, 2024.
  23. "3rd edition of Maritime Silk Road International Expo concludes". Lianhe Zaobao. October 28, 2016.
  24. "Seven Highlights of MSRE Exhibition 2016". Lianhe Zaobao. October 19, 2016.
  25. Dennis Ayemba (January 23, 2023). "Top lifts and escalators companies in the world". Construction Review Online. Archived from the original on December 21, 2024.
  26. "IFE Elevators Co., Ltd. Publishes its 2021 Annual Report". MarketScreener. March 30, 2022.
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