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17

Excellence in elevation

The year of the railways

In 2014, the Energy Products segment

further consolidated its position as

North America market leaders in

elevators. Expansion into the Chinese

and European markets has followed,

with exposure significantly greater than

in the previous year. The development

of offshore projects in Singapore and

China has also offered the segment’s

main growth opportunities.

The most important contract awarded in

2014 was the framework agreement with

the Swiss Federal Railways for the supply

of some 2,800km of signalling cables to

upgrade the entire Swiss rail infrastructure.

In the same year, the Energy Products

segment also secured contracts for other

rail infrastructure programmes in Italy,

France and Denmark.