TOKYO, February 26, 2018 - 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.
|Location||Incheon Free Economic Zone (Songdo), Inchon 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|
Note that the releases are accurate at the time of publication but may be subject to change without notice.