27 October 2012

Toshiba Elevator and Johnson Lifts establish joint venture in India

- Johnson is a market leader with 20% share in Indian market 
- TELC is part of $200 billion Japanese conglomerate Toshiba Corporation 
-Toshiba to launch “Global Maintenance Support System” in India & U.A.E

Mumbai, Maharashtra, India - 27 October 2012 (Business Wire India) - Toshiba Elevator and Building Systems Corporation (TELC) (headquarters Tokyo, Japan), a subsidiary of Toshiba Corporation, and Johnson Lifts Private Limited (JLPL) (headquarters Chennai, India) today officially announces establishment of Toshiba Johnson Elevator (India) Pvt. Ltd (TJEI) to strengthen growth and expand its operation in the Indian elevator market, Shinichiro Akiba, Global President & CEO of Toshiba Elevator and Building Systems Corporation, Tokyo, Japan said. 

TJEI is established by joint business venture (JV) between TELC and JLPL, with 49% equity participation from Johnson to Toshiba Elevator (India) (TEI) (headquarter Mumbai, India), a rapidly growing 100% owned subsidiary of TELC.

Akiba said, the newly established company will accelerate its business utilizing TELC’s finest technologies to offer quality products targeting premium segment to fulfill market’s demands for safer, comfortable, high quality products. Furthermore, TJEI will expand its market in India by taking advantages of JLPL’s sales & marketing channel, installation & after sales service experience, manufacturing technologies for widening its integrated business operation here in India, he added.

TEI was established in India in April 2011 and started business in July 2011. Since its establishment, the company has secured more than 100 units including high-speed elevators in the 65 storied iconic project “One Avighna Park” in Mumbai.

Johnson is a market leader with 20% share in Indian market. The company has installed more than 30,000 elevators and has a service base of approximately 25,000 units. Johnson has factories for elevators in Chennai & Nagpur and an exclusive factory for escalators in Chennai, Johnson Lifts Private Limited Chairman John K John said.

Toshiba Elevator and Building System Corporation (TELC) is a part of large Japanese conglomerate “Toshiba Corporation” which is a global organization with over 135 year of history, with turnover of over $ 200 billion and employs more than 190,000 workforce. 

Toshiba is planning to launch “Global Maintenance Support System” in India and U.A.E. By this system the Toshiba Elevator will be able to monitor the elevators troubles, provide immediate response to attend troubles, track and monitor the site team progress on-line through hand held devices, also provide work instruction through hand held devices and finally record the work result and report in the local server to be available for further processing. The report of the data stored in the server, will be automatically available to TELC, Japan for their analysis of troubles, improvement in maintenance methodology and inventory management etc. 

Source: Toshiba Johnson Elevator (India) Private Limited