Japanese tech giant Hitachi has announced it will install two of the world's fastest elevators in a forthcoming skyscraper in China.

The elevators can reach speeds of 1,200 metres per minute and will be able to travel the 440 metres between the first and the 95th floors of China’s new Guangzhou CTF Finance Center in less than 43 seconds.

Included in the elevator’s design are vibration and noise reducing technologies along with heat-resistant materials that can withstand the high temperatures generated by the emergency brake system.

Hitachi will build 95 elevators in total for the Guangzhou tower, which will house offices, a hotel, and condos. It is expected to open for business in 2016.

According to the Hitachi press release, China accounts for about 60 per cent of the world’s elevator sales, with Hitachi holding 15 per cent of the Chinese elevator market in fiscal 2012.

Artist's impression of the Guangzhou CTF Financial Centre - Image: Kohn Pedersen Fox Associates

Courtesy Japan Times and Hitachi