Welcome to the Elevator World News Podcast.
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HYUNDAI ELEVATOR: NEW HQ, FACTORY IN SOUTH KOREA
Hyundai Elevator will be relocating its headquarters and production factory in South Korea, the manufacturer recently announced. A new smart factory will be built on 150,614 m2 in Chungju's Fifth Industrial Complex in North Chungcheong Province. Applying Internet of Things and Big Data technologies, it is expected to produce 25,000 units. It will also include the OEM's logistics center, which will be moved from Cheonan. The company says its current headquarters in Incheon, which has underpinned its history since the company's founding in 1984, will be sold. It adds that it is now the seventh-largest global manufacturer and installed its 700,000th elevator in South Korea this year.
Image credit: courtesy of Hyundai Elevator
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