Mitsubishi Electric Corporation announced today that it will build a new factory for Mitsubishi Elevator Korea Co., Ltd. (KMEC) in the Songdo area of the Incheon Free Economic Zone in South Korea. Relocating KMEC’s development and manufacturing bases to the new facility will strengthen Mitsubishi Electric’s capability to respond to global needs for high-speed elevators, including by expanding annual production capacity 2.5 times to 4,000 units.
