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Elevator firm becomes wholly Japanese owned

Update: October, 26/2013 - 09:02

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

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