TOKYO, September 13, 2016 - Mitsubishi Electric Corporation (TOKYO: 6503) announced today that Mitsubishi Elevator India Private Limited (IMEC) will commence production of elevators at a new factory in Bangalore on September 15. The company aims to strengthen its product competitiveness in India, the world's second largest market for elevators and escalators according to its own research as of September 2016, and is targeting annual sales of 5,000 units by the fiscal year ending March 2021.
|Location||Bangalore, Karnataka State, India|
|Site area||89,000 square meters|
|Floor space||25,400 square meters|
|Purpose||Manufacture of elevator equipment|
|Start of Operation||September 15, 2016|
|Production capacity||5,000 units annually|
|Investment||1.833 billion Indian rupees (approx. 3.45 billion yen)|
|Employees||Approx. 100 (as of September 2016)|
|Additional facilities||Elevator testing tower (approx. 41 meters high), and field-training center|
Note that the releases are accurate at the time of publication but may be subject to change without notice.