image from LinkedIn

International Elevator & Equipment, Inc. (IEE), the Philippine unit of Japan’s Mitsubishi Electric is looking to Cagayan de Oro and other cities as the next potential markets of its latest product line under the Climaveneta brand, the leading air-conditioning company in Italy which it recently acquired.

As reported in BusinessWorld, Climaveneta’s products are best suited particularly in malls, hotels and other big establishments.


With the city’s booming construction industry with new malls and hotels sprouting, IEE could make new business deals with Climaveneta.

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