Hitachi Growing In, Bullish On Cambodia

Welcome to the Elevator World News Podcast. This week’s news podcast is sponsored by elevatorbooks.com: www.elevatorbooks.com HITACHI GROWING IN, BULLISH ON CAMBODIA Hitachi Elevator Cambodia Co. — a joint venture of Japan's Hitachi, Thailand's Siam-Hitachi Elevator Co. and Cambodia's CMED Group Co. — is growing in and bullish on the Cambodian vertical-transportation market as the construction sector booms, the Bangkok Post reports. Hitachi Elevator Cambodia plans to sell 150 units in 2020 compared with 50 units its first year (2017) and 100 in 2018 as high-rise buildings multiply. The company aims to capture 25% of the highly competitive market by 2021. Cambodia's construction sector, which expanded 6-7% annually over the past five years, is fueling growth. Hitachi Elevator Cambodia reports residential projects account for half of sales, casinos, 30%, and hotels/resorts, 20%.   Image credit: courtesy of Hitachi Elevator Cambodia/Facebook To read the full transcript of today's podcast, visit: elevatorworld.com/news Subscribe to the Podcast: iTunes│Google Play | SoundCloud│Stitcher │TuneIn