HIKONE, Japan--(BUSINESS WIRE)--Jul 31, 2023--
Fujitec India Private Ltd. (Head Office: Kanchipuram, India; Managing Director Shakir Ahmed), a group subsidiary of FUJITEC CO., LTD. (Hikone City, Shiga Prefecture, Japan; Masayoshi Harada, president and CEO), completed a second elevator plant in the suburbs of Chennai, which became fully operational in February of this year.
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Completed Second Plant (Photo: Business Wire)
The second plant was built to grow sales in India, where demand is increasing, and to expand exports throughout South Asia. Upon completion, the plant provided more than double the previous production space for Fujitec in the country. In addition, construction was completed for a new 78.9 meter elevator research tower. Fujitec India is strengthening its development structure, including the development of high-speed elevator models, to meet the demand for elevators in India, where high-rise building construction is becoming more common.
Fujitec India plans to increase production capacity to 3,000 units per year by the end of 2023, 1.5 times the current 2,000 units. This increase in capacity is the company’s response to strong sales of standard elevator models for the Indian domestic market. Fujitec pursues the further expansion of its global business under Fujitec’s medium-term management plan Vision24, expanding geographic business reach and building up production capacity steadily.
Please see our document for more information
New Elevator Plant Now Fully Operational in India
https://www.fujitec.com/announcement/3210
About Fujitec India | |
Established | 2004 |
Business Lines | Manufacture, sale, installation, maintenance, and repair of elevators and escalators |
Relationship With the Parent Company | Consolidated subsidiary |
Number of Locations in India | Fujitec India: 16 locations Fujitec Express Limited: 1 location |
Plant Overview | |
Location | Kanchipuram, India |
Plant Operations | Since 2011 |
Production | Elevators for India and South Asia |
Markets | India, Singapore, Philippines, Malaysia, Indonesia, Vietnam, Thailand, Sri Lanka, Saudi Arabia, etc. |
Property Size | 39,000 m² |
Completion Date | Building Completion: December 2021 |
About Fujitec
Fujitec is a specialist manufacturer of elevators, escalators, and moving walks. Fujitec provides safe, secure, and comfortable moving spaces in 24 countries and regions around the world through an integrated system of research and development, manufacturing, sales, installation, maintenance, and modernization.
Established | : | February 9, 1948 |
Listed market | : | Prime Market, Tokyo Stock Exchange |
Official webpage | : |
View source version on businesswire.com:https://www.businesswire.com/news/home/20230730680884/en/
CONTACT: Media Contact
Fujitec Co., Ltd.
Press & Public Relations Office
pr@jp.fujitec.com
KEYWORD: JAPAN INDIA ASIA PACIFIC
INDUSTRY KEYWORD: MANUFACTURING CONSTRUCTION & PROPERTY PUBLIC TRANSPORT BUILDING SYSTEMS TRANSPORT OTHER MANUFACTURING GREEN TECHNOLOGY ENVIRONMENT ENGINEERING OTHER CONSTRUCTION & PROPERTY SUSTAINABILITY
SOURCE: Fujitec Co., Ltd.
Copyright Business Wire 2023.
PUB: 07/31/2023 09:00 PM/DISC: 07/31/2023 08:58 PM
http://www.businesswire.com/news/home/20230730680884/en
