“Mitsubishi Electric Corporation” has assigned to "Mitsubishi Elevator (Thailand) Co., Ltd." as the representative to establish "MELCO Elevator Lao Sole Co., Ltd." or "MLAO" which Mr. Yasuyuki Ito, Group President of Building Systems Group, Mitsubishi Electric Corporation, together with Mr. Munehisa Okamoto, Managing Director of Mitsubishi Elevator (Thailand) are the chairman of the “MLAO” Grand Opening Ceremony, Mr. Sonthi Piamsawad is General Manager. MLAO plans to penetrate the "Elevator and Escalator" businesses by focusing on markets in Mekong River in order to support economic growth throughout ASEAN connected without borders. The event held at Laos Plaza Hotel, Laos on 27th of August 2019.
Mitsubishi Electric Corporationestablished MELCO Elevator Lao Sole Co., Ltd. (MLAO) to accelerate its elevator and escalator business growth in the highly promising Mekong regional market. The new company, which was established by Mitsubishi Elevator (Thailand) Co., Ltd. (MET), a Mitsubishi Electric subsidiary, began operations in July 2019. The new company is expected to strengthen Mitsubishi Electric’s sales of elevators and escalators as well as related provision of high-quality maintenance services.
Mitsubishi Electric, which also distributes elevators and escalators through agents in the neighboring markets of Cambodia and Myanmar, looks forward to accelerating its business expansion in the rapidly growing Mekong regional market.