OREANDA-NEWS. October 22, 2015. China has a combined annual demand that is expected to exceed 650,000 units in the 12-month period ending March 2016.

The country accounts for more than 60 percent of the global market, and local demand is forecast to grow further at a moderate pace.

MESE was established in 2002 as one of Mitsubishi Electric's bases in China for developing and manufacturing elevators. It currently supplies premium-specification "MAXIEZ" elevators to customers throughout China. Another company, Shanghai Mitsubishi Elevator Co., Ltd., was set up in 1987 to produce upper-middle-specification elevators and escalators sold under a separate brand name.