In 1988, hyatt industrial started the sales and promotion of Goldstar (LG) elevators and escalators from korea. It was able to generate numerous orders of goldstar elevator and escalator equipment immediately. In order expand further in the market, “HYATT ELEVATORS AND ESCALATORS CORPORATION” was established to handle the sales, installation and servicing of elevators & escalators. In only a few years,Hyatt was able to generate sales of around a thousand units of elevators and escalators. Coupled with an excellent after sales service, Hyatt grew to one of the most respected elevator company in the Philippines. Its customers include the country’s biggest developer such as ayala Land Inc.,S.M., Robinson Group, Megaword Corp.,Phil-realty and others.
In 1998,as a result of the asian crisis, LG (Goldstar) sold their non-care business that included elevators & escalators. Thereafter, Hyatt started the sales & promotion of other brands of elevator including Dongyang.
In 2003, thyssenkrupp, Germany’s largest elevator company bought Dongyang Elevator Company of Korea as part of their global strategy to make Asia Pacific one of the important areas of growth together with China and India two of their most important bases in the region. thyssenkrupp Elevator currently employs more than 6,800 employees and generates more than 2.8 billion euros for the fiscal year 2003/2004.
In the Philippines, thyssenkrupp partnered with Hyatt for the sales, distribution, service and maintenance of its elevators & escalators given Hyatt’s wealth of experience, expertise and track record in the industry.
