By Kwan Shin-han / Staff reporterDespite a disappointing first-half, elevator and escalator supplier Golden Friends Corp (崇友實業) remains upbeat about prospects for its replacement business in the second half of the year. For the full year, Golden Friends expects to replace 500 elevators, higher than last year’s 443 units. Golden Friends’ first-half revenue edged up 1.57 percent annually to NT$2.15 billion (US$69.19 million), thanks to robust sales of new elevators to returning Taiwanese companies. New elevator sales are expected to climb between 5 and 10 percent this year, he said. Such projects are forecast to contribute about NT$800 million to new elevator sales this year, he added.

Source: Taipei Times July 17, 2019 15:56 UTC