Business inevitably goes up and down for Hitachi Elevator (China). An affiliate of Hitachi, it is one of the country's largest manufacturer of elevators for passengers, shipping, medical complexes, and automobiles. The company also manufactures escalators and moving sidewalks. Founded in 1996, Hitachi Elevator produces more than 30,000 elevators annually and markets them through a national sales network. The company has manufacturing plants located in Guangzhou, Shanghai, and Tianjin. Various large-scale production projects for the 2010 Shanghai Expo and the 2010 Guangzhou Asia Games keep the company busy. Hitachi owns 70% of Hitachi Elevator (China).