Otis Elevator Announces International Contracts
Otis Elevator Co., of Farmington, announced that it has won major elevator and escalator contracts in China and Spain for buildings that will be some of the world's tallest. Projects in China include buildings in Beijing and Shanghai including the Shanghai World Financial Center, expected to be the tallest in the world. The contracts total nearly $60 million. In addition, Otis was awarded a contract to install and maintain 19 elevators in Torre Repsol, the first of four office towers to be built as part of the largest property complex in Madrid. This will be the tallest building in Spain, rising 49 floors and nearly 837 feet high.

Qatar, Singapore, Others Choose Sikorsky Helicopters
Gulf Helicopters of Doha, Qatar, has signed a contract to purchase a Sikorsky S-92 aircraft to serve high level VIP missions. Delivery is scheduled for 2006. Previously, Turkey and Turkmenistan also selected the S-92 for head-of-state missions. Turkey has contracted for one and Turkmenistan for two S-92s. In November Canada signed a contract to purchase 28 H-92s, the military variant of the S-92, for its Maritime Helicopter Program. The Singapore Ministry of Defense has also signed a contract with Sikorsky to acquire six S-70B naval helicopters to operate off the Singapore Navy's new frigates. Sikorsky is headquartered in Stratford.

Crane Divests British Business
Stamford-based Crane Co. has sold the U.K.-based business and intellectual property of Victaulic, which it owns through its U.K. subsidiary, Crane Ltd., for $15.4 million. The purchaser was Euro-Victaulic B.V.B.A., a subsidiary of Victaulic Co. of America. Crane Ltd. acquired the Victaulic trademark and business in June 2003 when it purchased the Viking Johnson, Helden and Wask product lines and assets from Etex Group S.A.

International Paper Sells Canadian Subsidiary
International Paper sold its Weldwood of Canada Ltd. subsidiary to West Fraser Timber Co., Ltd. of Vancouver, Canada, for approximately U.S. $1 billion. The sale includes eight wholly owned and four joint venture mills in British Columbia and Alberta, Canada, which manufacture lumber, plywood, laminated veneer lumber, treated wood products, and northern bleached softwood kraft pulp.

Hamilton Sunstrand Receives European Repair Approval
REVIMA APU, a joint venture of Hamilton Sundstrand and EADS Sogerma Services of the Netherlands, has received European Aviation Safety Agency approval to repair and overhaul Hamilton Sundstrand large commercial auxiliary power units. In December, it shipped the first of these repaired units to customers. The REVIMA APU joint venture, formed in July 2004, also repairs and overhauls Honeywell and Pratt & Whitney auxiliary power units.

PanAmSat Acquires New Assets
PanAmSat Corp. has announced that its subsidiary, PanAmSat Asia Pty. Ltd., has acquired business assets from the receivers of TARBS World TV Australia Pty. Ltd. The agreement includes the subscriber list, intellectual property, and subscriber-installed equipment of TARBS, an Australian pay TV provider. Concurrently, PanAmSat announced that PanGlobal TV has opened for business as Australia's new multi-ethnic Direct-To-Home platform. Earlier, the company announced that Arab Radio and Television, the world's leading distributor of Arab language programming, has signed onto PanGlobal TV.

Praxair Completes Two Deals
Praxair Inc. has completed the acquisition of industrial gas assets and related businesses in Germany from Air Liquide S.A. for about $650 million. Included in the deal, which has now been cleared by regulators, were assets required to be sold by Air Liquide as a result of its purchase of Messer Griesheim in Germany. The company also announced that it has been selected to supply nitrogen, oxygen, argon, helium, and silane to Samsung Electronics Co. for its semiconductor complex in Hwasung, South Korea. Praxair will design, build, and operate an air separation plant using its engineering organizations in Korea, China, and the U.S. to meet Samsung's schedule requirements.

Rogers and Hansung Elcomtec Announce Alliance
Rogers Corp. of Rogers, Conn., and Hansung Elcomtec of Kyunggi-Do, South Korea, announced that the two companies have formed an alliance in which Rogers' DFLX technology will be produced at Hansung's manufacturing facility in South Korea. Rogers has exclusive worldwide patent rights covering flexible lamp technology in mobile phones and uses it in its DFLX products. Under the terms of the alliance, all flexible lamps manufactured and sold into South Korea will be manufactured exclusively by Hansung. DFLX lamps manufactured by both Rogers and Hansung will be distributed through Rogers' worldwide sales and marketing channels.

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