Mitsubishi Electric Corporation (TOKYO:6503) announced today that Shanghai Mitsubishi Elevator Co., Ltd. (SMEC), an elevator and escalator joint-venture company with Shanghai Electric Group Company Limited in Shanghai, China, surpassed cumulative production of 500,000 units earlier this month.
Mitsubishi Electric became the first Japanese company to deliver elevators to China in 1950. Teaming with Shanghai Electric Group in 1986, the company jointly founded SMEC in Shanghai to become the first Japanese company to directly manufacture, sell, install and provide maintenance for elevators and escalators in China.
SMEC produced China’s first VVVF-inverter-controlled elevators in 1990.
Over the years, it has launched a variety of products equipped with
advanced energy-saving features and technology for enhanced riding
experiences, such as gearless traction machines using permanent-magnetic
motors and variable-speed elevator systems. Through such achievements,
Mitsubishi Electric has contributed to the growth and development of
China’s elevator and escalator industry.
China is the world’s
largest elevator and escalator market with, annual sales of more than
500,000 units, accounting for over 60 percent of the global market. The
growth rate is expected to remain moderate as urban development advances
from coastal areas to inland cities.
Going forward, Mitsubishi Electric will continue to expand its business in China through delivery of safe, reliable, high-quality and comfortable products incorporating advanced technologies.
SMEC Timeline | ||||
1986 | Founded | |||
1990 | Produces and sells China’s first VVVF-inverter-controlled elevators | |||
1993 | Total shipments reach 10,000 units | |||
1996 | Delivers China’s first spiral escalators in Shanghai | |||
1997 | Constructs 120-meter test tower, world’s tallest elevator test tower at the time | |||
2000 | Total shipments reach 50,000 units | |||
2003 | Produces and sells machine-room-less elevators | |||
2004 | Total shipments reach 100,000 units | |||
2005 | Commissioned to deliver double-deck elevators (420 m/min) to CCTV headquarters | |||
2006 | Extends joint-venture agreement for additional 20 years | |||
2008 |
Commissioned to deliver double-deck elevators (480 m/min) to Tianjin
Tower
Total shipments reach 200,000 units | |||
2009 | Commissioned to deliver super-high-speed elevators (540 m/min) to Kingkey 100 in Shenzhen | |||
2011 |
Commissioned to deliver super-high-speed elevators (1,080 m/min) to
Shanghai Tower
Total shipments reach 300,000 units | |||
2013 |
Commissioned to deliver super-high-speed elevators (600 m/min) to
Wuhan Center
Total shipments reach 400,000 units | |||
2014 | Total shipments reach 500,000 units | |||
About Shanghai Mitsubishi Elevator Co., Ltd. | ||
Company name | Shanghai Mitsubishi Elevator Co., Ltd. | |
Location | 811 Jiang Chuan Road, Minhang, Shanghai | |
Site area | 273,000 m2 | |
Ownership | The Mitsubishi Electric Group owns 40% in shares, while Shanghai Electric Group Company Limited and other companies hold the remaining 60%. | |
Start of operation | January 1987 | |
Employees | Approximately 2,000 (As of January 1, 2014) | |
About Mitsubishi Electric Corporation
With
over 90 years of experience in providing reliable, high-quality
products, Mitsubishi Electric Corporation (TOKYO: 6503) is a recognized
world leader in the manufacture, marketing and sales of electrical and
electronic equipment used in information processing and communications,
space development and satellite communications, consumer electronics,
industrial technology, energy, transportation and building equipment.
Embracing the spirit of its corporate statement, Changes for the Better,
and its environmental statement, Eco Changes, Mitsubishi Electric
endeavors to be a global, leading green company, enriching society with
technology. The company recorded consolidated group sales of 4,054.3
billion yen (US$ 39.3 billion*) in the fiscal year ended March 31, 2014.
For more information visit http://www.MitsubishiElectric.com
*At
an exchange rate of 103 yen to the US dollar, the rate given by the
Tokyo Foreign Exchange Market on March 31, 2014