Main Market-Bound EITA To Venture Into High-Speed Passenger Elevator

KUALA LUMPUR, March 6 (Bernama) -- EITA Resources Bhd (EITA), an elevator manufacturer and distributor of electrical and electronics components and equipment, plans to venture into high-speed passenger elevator systems to boost its competitive edge in bidding for more projects in Malaysia. EITA's group managing director, Fu Wing Hoong, said, EITA is currently conducting research and development (R&D) in line with the growing trend for skyscraper buildings especially in this country. The group, which is scheduled for listing on the Main Market of Bursa Malaysia in the first half of this year, expects to commercialise its high-speed elevators by 2013. In a statement Tuesday, EITA said more than 1,450 of its elevators have been installed in commercial and residential properties, government offices, hotels, shopping complexes and universities. Besides Malaysia, EITA's elevators have also been installed in Singapore, Laos, Vietnam, Philippines, Hong Kong and Saudi Arabia. --BERNAMA