February 5, 2018, Bangkok: Mitsubishi Elevator, a market leader in elevators and escalators for over 40 years adheres to global safety standards and comprehensive after-sales service, proudly holding ISO 9001, ISO 14001, and OHSAS 18001 certifications covering quality management, environmental management, and occupational health and safety management systems. With a highly skilled workforce trained intensively in both theory and practice at the best vertical transport training center in Southeast Asia, Mitsubishi Elevator is prepared for growth in both AEC and EEC, aiming to establish itself as a sustainable leader in the elevator and escalator market in Thailand, with a target revenue growth of 5-7% per year.

          Mr. Muneisa Okamoto, Managing Director of Mitsubishi Elevator (Thailand) Co., Ltd., a distributor, installer, and after-sales service provider for Mitsubishi elevators and escalators, stated, "Mitsubishi Elevator has achieved success and gained consumer trust, making it a market leader in elevators and escalators based on global safety standards. With over 40 years of strength in after-sales service, as we step into our 41st year, we remain committed to conducting business with a focus on safety standards and quality, both in excellent system installation and prompt after-sales service, backed by a team of expert engineers and technicians, ensuring customer confidence at every step of service."

           Currently, Mitsubishi Elevator has 22 after-sales service centers nationwide, and in 2018, it has enhanced service capabilities by opening 6 additional centers in both Bangkok and provincial areas, including Udomsuk Service Center, Ratchadapisek Service Center, Nonthaburi Service Center, Nakhon Pathom Service Center, Rayong Service Center, and Korat Service Center, bringing the total to 28 centers. This expansion aims to improve service coverage, reducing travel distance and time for engineers and technicians when responding to elevator, escalator, or moving walkway malfunctions, allowing them to reach the site within an average of just 1 hour. The company has sufficient capacity to manage over 15,000 elevators, escalators, and moving walkways under service contracts, with expectations to increase this number to 20,000 by 2020.

           Mitsubishi Elevator places great importance on the installation of elevators, escalators, and moving walkways, focusing on maintaining quality and ensuring holistic safety across the system, including employees, installation teams, contractors, and users, in accordance with ISO 18001 safety quality standards. Furthermore, there is a Safety Patrol system that mandates that the head contractor, quality and safety inspection department, and senior management team of Mitsubishi Elevator must inspect the actual installation site for every project at least once to effectively control quality. In the past, the accident rate during work has been "zero," and the defect rate has been less than 0.07%. Mr. Muneisa added that the Eastern Economic Corridor (EEC) development project is expected to increase the demand for elevators and escalators due to anticipated investments in various businesses such as hotels, residential areas, shopping centers, office buildings, and factories in the area. Additionally, U-Tapao Airport is being upgraded to accommodate business travelers, which is believed to stimulate the local economy significantly, with substantial investment flowing in. Mitsubishi Elevator is preparing to open a service center in Rayong to facilitate services in the new economic zone more conveniently and quickly.

         Mr. Santipong Buranakrityakorn, General Manager of Marketing and Sales at Mitsubishi Elevator (Thailand) Co., Ltd. stated, "At the end of 2017, the elevator and escalator market expanded significantly as real estate developers accelerated residential projects in Bangkok, its suburbs, and other provinces, including Nonthaburi, Samut Prakan, Min Buri, and Krung Thon Buri, as well as tourist destinations in various provinces such as Pattaya, Chiang Mai, and Phuket. This focus on high-end customers has resulted in the growth of Mitsubishi elevators and escalators, as they effectively meet the quality expectations of this clientele."

           This year, Mitsubishi Elevator plans to aggressively target both horizontal and vertical residential markets, emphasizing rapid service with low repair request rates, provided by skilled technicians trained for over a year before actual deployment. The company remains committed to strengthening its operations, earning high trust from many leading clients. The competition in the elevator and escalator market is quite intense, primarily due to the government's development of infrastructure and continuous growth in both large and small real estate businesses, with most brands competing on price. In contrast, Mitsubishi Elevator focuses on quality, safety, and after-sales service as its core principles.

           In 2017, the elevator and escalator market had a demand of approximately 5,200 units, with a total market value of around 8 billion baht. Last year, Mitsubishi Elevator sold over 1,600 units, capturing more than 30% market share. It is expected that in 2018, the elevator and escalator market will continue to grow by 5-7%, with consumers prioritizing product quality and after-sales service.

           Moreover, there is confidence that the mixed-use residential and office market will continue to expand, benefiting from the transportation system development in Bangkok, as well as the health sector, with hospitals continuously upgrading and expanding to accommodate an aging society. Thailand has gained recognition and a reputation for its healthcare, becoming a regional hub for medical treatment and care. Given the ongoing market growth trend, Mitsubishi Elevator is determined to become a leader in the elevator and escalator business, continuously improving quality and services to meet consumer needs, moving forward from the 41st year into the future without pause," Mr. Santipong concluded.

Thank you for the information from http://www.mitsubishielevator.co.th/2016/product.php?language=THwww.mitsubishi-motors.co.th