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

Mitsubishi Electric Corporation announced 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.