Artist's impression of the 530-metre-tall Guangzhou CTF Financial Centre, due to be opened in 2016. Photo: Kohn Pedersen Fox Associates / Atchain / CTBUH

World’s fastest elevator will whisk Chinese businessmen up at speeds of 72km/h

Japan’s Hitachi said on Monday it will provide the world’s fastest elevators, which can clock speeds of up to 72 kilometres per hour, to a high-rise building in China.

The lifts will be delivered to the 111-storey, 530-metre-tall Guangzhou CTF Financial Centre due to be opened in the southern Chinese city of Guangzhou in 2016, the electronics and engineering firm said in a press release.

They will be able to travel the length of the 440 metre shaft - from the first to 95th floor - in a stomach-churning 43 seconds.

Hitachi will install a total of 95 elevators at the tower, including two of the superfast lifts, as well as slower machines such as double-decker lifts, the statement said.

Artist's impression of the Guangzhou CTF Financial Centre. Photo: Kohn Pedersen Fox Associates / Atchain / CTBUH

The centre will be the tallest building in Guangzhou, complete with office, hotel and residential space.

It will be situated on the Zhujiang East Road and will have a gross floor area of 398,000 square metres.

At 530 metres tall, it is lower than China’s current highest tallest building, the 632-metre-tall Shanghai Tower, and the proposed 700-metre-tall Suzhou Zhongnan Centre, which began construction this year.

These are all eclipsed by the world’s current highest building, the 828-metre-tall Burj Khalifa in Dubai, and the proposed 1000-metre-high Kingdom Tower in Jeddah, Saudi Arabia, due to be completed in 2019.

The world’s fastest elevator uses a newly developed permanent magnet motor that achieves both a thin profile and a high output, the statement said.

It is also equipped with a braking system capable of withstanding the terrific heat that might be generated if a malfunction ever develops.

China accounts for about 60 per cent of global demand for elevators and is at the centre of fierce competition among the world’s elevator makers, a Hitachi official said.

The world’s fastest elevator currently in operation is the 60.6 kilometre per hour lift at Taipei 101, in Taiwan’s main city, he said.