HARTFORD, Conn. (AP) _ The chief financial officer of United Technologies Corp. says a supplier furnished substandard parts that caused a fatal accident on an Otis escalator in a Beijing subway station.
CFO Greg Hayes told investor analysts in a conference call Wednesday that Otis escalator sales in the Beijing area were suspended following a fatal accident July 5. He says no financial impact is expected.
Hayes was responding to a question from an analyst as the Hartford conglomerate released its second-quarter financial results.
He said Otis, a subsidiary of United Technologies, has inspected more than 40 of 200 escalators and all will be back in working order.
Otis blamed the accident on a machine part that failed to stay in place. The Farmington-based company did not confirm details of the accident or the death.