Jaya set to produce elevators

Jaya set to produce elevators

JAKARTA (JP): PT Pembangunan Jaya and PT Jaya Teknik
Indonesia, subsidiaries of the Jaya Group, have joined Japan's
Mitsubishi Electric Corporation to be the first elevator and
escalator manufacturer in the country.

The new company, PT Mitsubishi Jaya Elevator and Escalator,
started operation of its manufacturing plant yesterday at the
integrated industrial estate in Karawang, West Java.

The plant, built on a 20,000 square meter plot with an initial
investment of about US$5.4 million, will be able to produce 460
elevators and escalators a year. The joint venture will produce
300 elevators and escalators in the first year.

Mitsubishi Jaya's president Kunihiro Hattori said yesterday
the escalators and elevators would initially be sold in the
domestic market. The company would export the products in the
future, he said.

"Indonesia needs about 1,200 elevators and escalators for the
increasing number of building constructions," Hattori said,
adding demand would likely increase.

He said Mitsubishi had chosen Pembangunan Jaya and Jaya Teknik
as its partner because the companies had been distributing
Mitsubishi's elevators and escalators in the country since 1971.

He said both companies successfully had the biggest market
share in elevators and escalators in the country.

Mitsubishi Electric Corporation claimed to have made the
world's fastest elevator in Yokohama Landmark Tower in Japan.
(das)