TOSHIBA ELEVATOR AND BUILDING SYSTEMS CORPORATION

News Release

Toshiba Elevator expands in Middle East

Mr. Shinichiro Akiba, President & CEO of Toshiba Elevator and Building Systems Corporation, Japan has announced at their Head Quarters that they have stormed in Middle Eastern market by taking over the controlling share of Dubai based company called Dhaher Al Muhairi, who were the distributors of Toshiba Elevators since 1996.

Toshiba Elevator is having a grand plan to expand their wings to GCC & Middle Eastern countries keeping Dubai as its Head Quarters. Prelude to the expansion plan, they have already started securing projects in Oman and Saudi Arabia and in an advance stage of finalization of projects in Qatar and other neighboring countries.

The Dubai based company has carried out very prestigious projects for the clients like Nakheel completing 420 sets of elevators in Dubai. Also, they have completed Mega projects involving 14 Towers with 60 high speed gearless elevators at Marina Square, Abu Dhabi.

Further, currently the company is involving in executing prestigious towers in City of Lights, Reem Island and other parts of Abu Dhabi. In UAE market Toshiba Elevator is enjoying very decent market share and they are one of the market front runners.

"Toshiba Elevator being pioneers of Elevator Technology and Guinness record holder of Fastest Elevator is avid in exporting technological innovation in various parts of the world and in Middle Eastern countries, in particularly KSA, Qatar & UAE".

Mr. Shinichiro Akiba, President & CEO of Toshiba Elevator and Building Systems Corporation is keen on surpassing their own Guinness record by supplying still faster elevators and eagerly inviting interested clients to come up with the plan to break the current Guinness record of 1010mm installed by Toshiba Elevator at Taipei Financial Centre.

2011-11-29

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Toshiba Elevator and Building Systems Corporation
Corporate Communications Office
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Phone :+81-44-331-7001