Mitsubishi Electric's New South Korean Elevator Plant to Start Up
February 25 2018 - 09:10PM
Business Wire
Will accelerate elevator and escalator global
business by strengthening development, verification and
manufacturing
Mitsubishi Electric Corporation (TOKYO:6503) announced today
that its subsidiary Mitsubishi Elevator Korea Co., Ltd. (KMEC) will
begin operating a new elevator factory in the Incheon Free Economic
Zone of South Korea on March 1. The factory will have an R&D
center for strengthened development and verification functions and
will expand current production capacity by 2.5 times to 4,000
units, Mitsubishi Electric expects to help expand its elevator and
escalator global business and increase market share in South
Korea.
KMEC’s New
Factory
Location
Incheon Free Economic Zone (Songdo),
Incheon Metropolitan City, Republic of Korea
Site area 18,220 square meters Floor Space 19,070
square meters Purpose Development, verification and manufacture of
elevator equipment Start of operation March 1, 2018 Production
capacity 4,000 units annually Investment Approx. 33 billion KRW
(Approx. US$ 27 million) Employees Approx. 120 (initially) Adjunct
facilities 95-meter elevator testing tower, and field
training center
Aims of New Factory
1) Leverage reinforced development and verification
capabilities of new R&D Center to respond to global market
needs
- New R&D center for development and
verification will make full use of KMEC’s engineering
capabilities
- New R&D center will take over
selected development functions from Inazawa Works, Mitsubishi
Electric’s elevator and escalator mother factory in Japan, for
global development and verification
- Strategically integrate sales,
engineering, development, manufacturing, installation and
maintenance functions in South Korea to offer elevators that meet
specific local needs
- For the full text, please visit:
www.MitsubishiElectric.com/news/
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