Hitachi’s elevator and escalator distributor in Thailand is projecting aggressive sales growth, The Japan Times reported. Michael Tang, vice president of Hitachi Elevator (Thailand) Co., has taken on a new role as head of its sales and marketing unit. He said the company aims to increase its market share to 25% in 2020. To attain its goal, the company intends annual sales growth of 20% on average and is seeking to sell 1,000 units this year, up 18% from 850 units in 2016. Elevators are expected to account for 70% and escalators for 30% of the 2017 total. Thailand’s elevator and escalator market totaled approximately 5,500 units last year and is expected to grow 3-5% this year, the source stated.
(above article is reprinted from www.elevatorworld.com)