ThyssenKrupp Elevator raises its stakes in Chinese joint-venture
![](https://www.corecommunique.com/wp-content/uploads/2012/11/thyssenkrupp2.jpg)
ThyssenKrupp Elevator increased its share in the joint-venture previously known as Marohn Elevator Co., Ltd. from 25% (since March 2011) to 51% effective August 11, 2015. ThyssenKrupp holding the majority, the joint-venture will be renamed Marohn ThyssenKrupp Elevator Co., Ltd. The joint-venture Marohn ThyssenKrupp Elevator Co., Ltd. will continue to design, produce, sell, install …