Thyssenkrupp Elevator has opened its China headquarters in Shanghai. The 15,000-square-meter, 40-meter-high block was built in the Songjiang district at a cost of CNY120 million. It showcases the company’s latest elevators, escalators, moving walkways and TWIN elevators. “China is by far our most important market in Asia,” said Heinrich Hiesinger, Chairman of the Executive Board of Thyssenkrupp. The elevator subsidiary currently employs almost 10,000 people at 68 branches and 132 offices in China. In 2011, the company launched its Sanfte brand of elevators, aimed at the local market. The company began building its new Zhongshan elevator plant and test tower in Guangdong province in 2015 with a total investment of CNY450 million. Upon completion, the plant will cover an area of nearly 100,000 square meters and include a world-class 248-meter test tower, which will support the development of high-end elevators for the global and local markets. The company’s TWIN elevator, operating two cars independently in the same shaft, can take passengers to two different floors at the same time, thus reducing waiting time, the China Daily reports.