Fujitec Co., Ltd.: New Elevator Plant Now Fully Operational in India

Production Capacity Increased to 3,000 Units to Meet Growing Construction Demand in the Indian Market

HIKONE, Japan--(BUSINESS WIRE)--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.

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 Full Operations: February 2023

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	:	https://www.fujitec.com/