TOKYO, July 25, 2016 - Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has secured an order to deliver two elevators capable of ascending 600 meters per minute, which is expected to make them the fastest elevators in South Korea, according to Mitsubishi Electric research, when they are installed in the LCT Landmark Tower in Haeundae, Busan, in 2019.
LCT will be a major complex consisting of four buildings: The Landmark Tower (411.6 meters high and 101 floors) housing a hotel and a residential hotel; two residential towers (339 meters and 331 meters high, and both 85 floors); and one podium tower (7 floors) connecting the three high rises. A total of 78 elevators for the three high rises will be manufactured by Mitsubishi Electric (Inazawa Works, Japan) and Mitsubishi Elevator Korea Co., Ltd. (KMEC).
The order was placed by POSCO Engineering & Construction, Ltd. Deliveries will begin in December 2016 and construction of the high rises is scheduled to finish in 2019.
Mitsubishi Electric, since establishing KMEC in 2001, has gradually expanded its sales, manufacture, installation and maintenance of elevators and escalators in South Korea. KMEC began exporting high-quality, price-competitive, high-speed elevators in 2008. The opening of a new factory in 2017 will further strengthen KMEC's role as a Mitsubishi Electric base for the development and manufacture of elevators and escalators for markets worldwide.
Note that the releases are accurate at the time of publication but may be subject to change without notice.