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 Beijing-area escalator sales were suspended following the July 5 accident. He says no financial impact is expected.
Hayes was responding to an analyst's question as the Hartford conglomerate released second-quarter financial results.
He says Otis, a subsidiary of Farmington-based United Technologies, has inspected more than 40 of 200 escalators and all will return to working order.
Otis blamed the accident on a machine part that failed to stay in place. A spokeswoman confirmed that a 13-year-old boy was killed and more than 20 others injured after the escalator changed direction.