Mitsubishi Electric’s New South Korean Elevator Plant to Start Up

Will accelerate elevator and escalator global business by strengthening development, verification and manufacturing

TOKYO--(BUSINESS WIRE)--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

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Contacts

Mitsubishi Electric Corporation
Customer Inquiries
Overseas Marketing Division
Building System Group
bod.inquiry@rk.MitsubishiElectric.co.jp
www.MitsubishiElectric.com/products/building/
or
Media Inquiries
Takeyoshi Komatsu, +81-3-3218-2346
Public Relations Division
prd.gnews@nk.MitsubishiElectric.co.jp
www.MitsubishiElectric.com/news