HA NOI (VNS) — Mitsubishi Elevator Viet Nam (VMEC) has been established as a wholly foreign-owned firm in the country.
The firm is now jointly owned by Mitsubishi Electric Group and Mitsubishi Corporation, said Junichiro Yoshioka, general director of VMEC.
Previously it was a joint-venture with Toan Tam Engineering Co., Ltd. (TTE). Mitsubishi Electric launched its first project at Cho Ray Hospital before 1975. — VNS