News

YH Industry Co., Ltd.

A New Beginning as a Specialist Freight Elevator Manufacturer

By Yoon Kwan-ho
Approved: April 25, 2023, 14:32

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Nippon Lift Korea Establishes Its Second Factory

YH Industry Co., Ltd. Completes New Manufacturing Facility

Manufacturing, Installation and Maintenance of Freight Elevators – Nationwide

Sales to Begin, Leading a New Growth Industry

 

In today’s society, where high-rise apartments, tall buildings and other super-high-rise structures are continuously being developed, elevators have become indispensable.

Indeed, many of the architectural structures that enable people to travel comfortably and quickly to great heights would not be possible without elevators.

It would not be an exaggeration to say that modern cities have been built around elevators as an everyday means of transportation in high-rise buildings such as apartment complexes.

In this sense, the development of cities has been sustained and supported by elevators as a means of transportation, contributing to the way we live today. 

Nippon Lift Korea, a company specializing in elevator manufacturing, has established a second factory and is embarking on another phase of growth through YH Industry Co., Ltd., a company specializing in the manufacture of freight elevators.

The completion ceremony for YH Industry Co., Ltd., held on the 21st, was attended by approximately 300 guests, including National Assembly Member Park Jeong; former Paju Chamber of Commerce and Industry Chairman Kwon In-wook; Kim Jeong-hwan, Head of the Paju Branch of the Gyeonggi Credit Guarantee Foundation; Yoo Sang-gu, Head of the Paju Branch of Industrial Bank of Korea; Choi Won-young, General Manager of KB Kookmin Bank; Pi Eun-ho, Chairman of the Paju Fusion Association of the Northern Gyeonggi Branch of the Gyeonggi Convergence Association; On Myeong-won, Head of Papyeong-myeon; Yoon Il-young, Chairman of the Gyeonggi Provincial Association of Residents from the Five Northern Provinces; Lim Woo-young, Chairman of the Paju Alumni Association of Shinhan University Graduate School; Lee Nam-woo, Chairman of the Imsan-gun Branch of the Jeonju Lee Clan; Kim Gyeong-seon, Chairman of the Paju Saemaeul Association; and Heo Dal-wook, Chairman of the Papyeong-myeon Dupori Businessmen’s Association. 

Lee Kyung-eun, CEO of YH Industry and a second-generation business leader, said:

“Amid the difficult business environment both domestically and internationally, I will work hard and continue to learn alongside Chairman Lee Yeon-geun, embracing the spirit of a second founding and taking on new challenges.”

She added:

“YH Industry is a company specializing in the production of freight elevators, and we sincerely ask for the continued interest and support of everyone who has joined us for today’s completion ceremony.” 

Chairman Lee Yeon-geun then delivered a speech at the ceremony, expressing his gratitude:

“I would like to sincerely thank National Assembly Member Park Jeong and everyone else who took time out of their busy schedules to attend today. I would also like to express my gratitude to my family and siblings, the representatives of our business partners, members, friends, seniors and juniors who have been with us throughout the journey that brought us to this day.” 

Chairman Lee Yeon-geun emphasized that:

“Going forward, Nippon Lift Korea and YH Industry will grow into specialized companies jointly engaged in the manufacturing, installation and maintenance of both passenger elevators and freight elevators.

Once again, we will not lose sight of our original principles. We will continue to place great importance on our relationships with people and strive for further growth.” 

National Assembly Member Park Jeong offered his congratulations:

“I sincerely congratulate YH Industry Co., Ltd. on the completion of its new facility, and I hope the company achieves great success. I understand that YH Industry is the only company in Paju that manufactures and sells freight elevators directly, and I have also heard that there are not many such companies nationwide.

If the performance of its machinery is recognized, I believe the company will achieve great success.”

He also expressed his expectation that, following Lee Yeon-geun, who has spent 21 years selling passenger elevators, CEO Lee Kyung-eun would also become a successful CEO. 

Kwon In-wook, Chairman of the Northern Gyeonggi branch of the Community Chest of Korea and former Chairman of the Chamber of Commerce and Industry, said:

“During my tenure as Chairman of the Chamber of Commerce and Industry, I initiated a group for second-generation business leaders, and now we are seeing the fruits of that effort.

I hope YH Industry will become a second-generation enterprise in which the family succession of the business is carried out naturally, achieving even greater development and growth than the previous generation, while also contributing to the community through service and regional development.

I applaud this new beginning.” 

Yoon Il-young, Chairman of the Gyeonggi Provincial Association of Residents from the Five Northern Provinces, expressed his wishes for YH Industry:

“I hope that YH Industry Co., Ltd. will grow into a leading elevator-specialized company and achieve continued development and prosperity.” 

Recognition plaques were also presented to four companies that contributed to the construction of the second factory, including Sungho General Construction, Dam Architects, Sejin Surveying, and Yejin Architects. 

Meanwhile, since its establishment in Paju, Nippon Lift Korea has supplied aesthetically refined and environmentally friendly products to apartment complexes, complex buildings and office buildings both in Korea and overseas, with an emphasis on efficiency and comfort. 

To provide more differentiated service, Nippon Lift Korea has expanded its regional After-Sales Service network, providing customer support around the clock.

The company also operates an SPS (Short-Pelivery-Service) Team to respond to customers’ requirements for short delivery times. Through day-to-day customer management and responses tailored to individual sites, the company aims to provide thorough and reliable service. 

Nippon Lift Korea has received recognition for its technological capabilities both domestically and internationally, including certifications for elevator opening-and-closing devices, impact-prevention certification, and fire-resistant door certification.

The company has also obtained ISO 9001 and ISO 14001 certifications, environmental certification, INNO-BIZ certification recognizing technological capabilities as an innovative small, medium, and mega-sized enterprise, and has been selected as a Promising Small, Medium and Mega-Sized Enterprise. 

Nippon Lift Korea has continued to grow within the elevator industry and has received numerous awards, including the Minister of Trade, Industry and Energy Award and the Minister of the Interior and Safety Award in 2018. 

YH Industry Co., Ltd. is the second factory of Nippon Lift Korea.

The facility was constructed on a site of 4,958.6 m² (1,500 pyeong), with a stated area of 2,975.2 m² (900 pyeong). 

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