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MITSUBISHI LIFTS INVESTMENT IN SA.
Japanese industrial giant Mitsubishi -- the world's third-largest industrial group -- on Friday announced it was stepping up its investment in the South African lift and escalator market. The statement followed a joint meeting in Cape Town of the three Japanese-based shareholders of the local Mitsubishi subsidiary Melco Elevator SA -- Mitsubishi Electric, Mitsubishi Corporation and Mitsubishi Electric Building Technoservices. Newly appointed Melco Elevator MD Soichiro Oda said: "We are stepping up our investment in people and products. South Africa is an increasingly important destination for the latest elevator and escalator technology being developed in Japan. This will continue to be the case as we introduce new-generation products and ideas, and increase our investment in the training of people in the installation and maintenance of the new equipment." Oda said Mitsubishi Japan is "firmly committed to the South ...
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