Otis Elevator R&D center in Songdo.
Otis Elevator Korea Co., local unit of world’s largest manufacturer of people-moving products Otis Elevator Co., will build a research and development (R&D) center and production facility in Songdo International Business District in Incheon, South Korea.
The Incheon Free Economic Zone Authority said on Friday that Otis Elevator Korea held a groundbreaking ceremony for the R&D center and high-tech production facility in Songdo’s bio-information technology zone with an aim to complete construction on a 15,600 square meter site and begin operations in the first half of next year.
The new center - where more than 200 employees will be based - will bring together R&D sites and production team in Seoul, Incheon, and Changwon, to Songdo. A part of the company’s modernization system center and quality center currently based in the headquarters in Yeouido, western Seoul, will also relocate to Songdo.
The new center will play the role of an R&D hub in the Asia Pacific region where the company will focus development on Internet of Things-connected (IoT) elevators based on IoT, cloud, and big data technologies to enhance connectivity.
By Hwang Soon-min and Lee Eun-joo
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]