MITSUBISHI ELECTRIC CORPORATIONPUBLIC RELATIONS DIVISION
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No. 3368

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Building System Group
Mitsubishi Electric Corporation

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Public Relations Division
Mitsubishi Electric Corporation

Mitsubishi Electric to Supply Elevators and Escalators for
New National Assembly Building in Laos
Will support large government project in growing Lao market
TOKYO, September 3, 2020 – Mitsubishi Electric Corporation (TOKYO: 6503) announced today that
MELCO Elevator Lao Sole Co., Ltd. (MLAO), a subsidiary of Mitsubishi Elevator (Thailand) Co., Ltd. (MET),
has secured an order to supply 14 elevators and 4 escalators for safe, comfortable and reliable verticaltransportation in the new National Assembly building in Laos, which is currently under construction.

Rendering of New National Assembly

The new National Assembly building is being built on the site of the former National Assembly building,which was constructed in 1991.
The order reflects the high evaluation of the company's product and service quality in Laos.
NameLocation
Facility
Total Floor Area
Products
Units
Supplier
Schedule

Lao National Assembly building
Vientiane, Lao People’s Democratic Republic
1 basement floor and five stories above ground
35,000 Square Meters
NEXIEZ-MR elevators
14 units
Mitsubishi Elevator Asia Co., Ltd. (Thailand)
Ship from October 2020

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Z type escalators
4 units

Mitsubishi Electric Elevator Business in Laos
Laos is a relatively small market in the ASEAN region with an annual demand for elevators that Mitsubishi
Electric estimates will amount to around 200 units in fiscal 2021. The country’s GDP growth rate, however, isat a high level and it is expected to continue growing. Mitsubishi Electric has been distributing elevators andescalators in Laos through a local agent, Souvanny Home Center Public Company (SVN), since 2013. FromJune 2019, its subsidiary MET established MLAO, which acquired and integrated SVN’s elevator division tostrengthen its business base. MET is now expanding its business in the fast-growing Mekong area and broader
ASEAN region, including by providing safe, reliable and comfortable elevators and escalators in Laos.
Overview of MLAO
Company
Managing Director
Location
Ownership
CapitalEstablishedStart of business
Employees
Business

MELCO Elevator Lao Sole Co., Ltd.
Sonthi Piamsawad
Vientiane, Laos
MET: 100%
20 billion LAK (approx. US$ 2.3 million)
June 2019
July 1, 2019
Approx. 50 (as of August 2020)
Sales, installation and maintenance of elevators and escalators in Laos

Contributing to the Environment
The elevators use a gearless traction machine with a permanent magnet motor and the escalators are equippedwith an automatic operational function (user detection sensor) that operates only when used, both of which
contribute to energy savings.
###About Mitsubishi Electric Corporation
With nearly 100 years of experience in providing reliable, high-quality products, Mitsubishi Electric
Corporation (TOKYO: 6503) is a recognized world leader in the manufacture, marketing and sales of electricaland electronic equipment used in information processing and communications, space development and satellite
communications, consumer electronics, industrial technology, energy, transportation and building equipment.
Mitsubishi Electric enriches society with technology in the spirit of its corporate statement, “Changes for theBetter,” and environmental statement, “Eco Changes.” The company recorded a revenue of 4,462.5 billion yen(U.S.$ 40.9 billion*) in the fiscal year ended March 31, 2020. For more information, please visit
www.MitsubishiElectric.com*U.S. dollar amounts are translated from yen at the rate of ¥109=U.S.$1, the approximate rate on the Tokyo
Foreign Exchange Market on March 31, 2020

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