Mitsubishi Electric : New South Korean Elevator Plant to Start Up
February 25, 2018 at 09:10 pm EST
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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/
View source version on businesswire.com: http://www.businesswire.com/news/home/20180225005225/en/
Mitsubishi Electric Corporation is one of the world's leading manufacturers of electric and electronic equipment. Net sales (including intragroup) break down by family of products and by services as follows:
- industrial automation equipment (28.6%): programmable controllers, motor operators, counters, industrial robots, clutches, etc.;
- electric equipment (24.2%): generators, motors, transformers, power circuit breakers, testing systems, etc.;
- household appliances (22.4%): televisions, video recorders, air conditioners, refrigerators, lamps, vacuum cleaners, etc.;
- information and communication equipment (6.9%): mobile phones, satellites, aerials, medical and audiovisual equipment, servers, computers, etc.;
- electronic components and devices (4.7%): memory, logic integrated circuits, monitors, plasma screens, printed circuit cards, etc.;
- other (13.2%): financial services, real estate management, engineering and maintenance services, etc.
Net sales break down geographically as follows: Japan (52.1%), Asia (24.9%), Europe (11.1%), North America (10.3%) and other (1.6%).