OTC:MIELF

Mitsubishi Electric Building Solutions to Supply Elevators and Escalators for New Capital Relocation Project in Indonesia

Retrieved on: 
Monday, February 26, 2024
Tokyo City, TKDN, Growth, Government, Java, GDP, Mitsubishi Group, Certification, Policy, Kingdom, Research, Renewable energy

TOKYO, Feb 26, 2024 - (JCN Newswire) - Mitsubishi Electric Building Solutions Corporation (MEBS, Head Office: Chiyoda-Ku, Tokyo; President: Tadashi Matsumoto) announced today that PT.

Key Points: 
  • TOKYO, Feb 26, 2024 - (JCN Newswire) - Mitsubishi Electric Building Solutions Corporation (MEBS, Head Office: Chiyoda-Ku, Tokyo; President: Tadashi Matsumoto) announced today that PT.
  • Mitsubishi Jaya Elevator and Escalator (MJEE), which is engaged in sales, manufacturing, installation, and maintenance of elevators and escalators in Indonesia, has secured a major order to supply a total of 55 units, comprising 33 elevators and 22 escalators, for the Indonesia New Capital Relocation Project (Phase 1).
  • The government has set a target date of 2045 for the complete relocation to the new capital.
  • MJEE began selling elevators and escalators in Indonesia in 1996, and has since established itself as a market leader in the country.

Mitsubishi Electric's Swedish Subsidiary Signs Share Transfer Agreement to Wholly Acquire Norwegian Elevator Distributor UNIHEIS

Retrieved on: 
Friday, April 28, 2023
Mitsubishi Electric, Maintenance, Ageing, Acquisition, Mitsubishi Electric United States, Renewable energy

TOKYO, Apr 28, 2023 - (JCN Newswire) - Mitsubishi Electric Corporation (TOKYO: 6503) announced today that Motum AB, a Sweden-based wholly-owned subsidiary of Mitsubishi Electric, formally agreed on April 27 to wholly acquire Norway-based UNIHEIS AS, which operates an elevator business mainly in Norway as a distributor of Mitsubishi Electric products.

Key Points: 
  • TOKYO, Apr 28, 2023 - (JCN Newswire) - Mitsubishi Electric Corporation (TOKYO: 6503) announced today that Motum AB, a Sweden-based wholly-owned subsidiary of Mitsubishi Electric, formally agreed on April 27 to wholly acquire Norway-based UNIHEIS AS, which operates an elevator business mainly in Norway as a distributor of Mitsubishi Electric products.
  • Mitsubishi Electric and Mitsubishi Electric Building Solutions Corporation (MEBS), which is responsible for Mitsubishi Electric's building systems business, aim to expand their business in the European market, where the demand for maintenance and renewal of elevators and escalators is expected to increase.
  • Mitsubishi Electric identified the building systems business as one of its key growth areas in its medium-term growth plan through 2025.
  • Mitsubishi Electric and MEBS will expand their business with Motum by gaining and making optimal use of UNIHEIS's assets and expertise in installation, sales and maintenance of Mitsubishi Electric elevators.