United Technologies 2012 Annual Report Download - page 4

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02 | UNITED TECHNOLOGIES CORPORATION
LOUIS R. CHÊNEVERT
CHAIRMAN &
CHIEF EXECUTIVE
OFFICER
Today China accounts for half of the world’s
elevator market and continues to grow.
In 2012, Otis expanded its leading presence
in China, opening a new factory in Chongqing,
one of the world’s fastest-growing
megacities and the manufacturing and
transportation hub for the southwestern
region of the country.