In order to boost digital transformation, Mitsubishi Corporation (MC) and Nippon Telegraph and Telephone Corporation (NTT) announced to establish a new joint venture Digital Transformation (DX) company Industry One. The Industry One will be promoting digitalization and structural transformations.
- MC and NTT are developing an inventory-optimization solution for food wholesalers in the food distribution industry.
- Industry One will partner businesses in implementing the kind of reforms that will encourage DX throughout Japans industries and help them to realize sustainable and internationally competitive corporate growth.
- Industry One will combine MCs industry-wide expertise with NTTs information-and-communication technologies (ICT) to help its partners find the best solutions, while at the same time providing them with value-added DX services.
The leading investments and deals by Mitsubishi are featured below:
Feb 2021: To expand business in Malaysia, Mitsubishi Electric Corporation announced to establish the Malaysia FA Center on the premises of its subsidiary Mitsubishi Electric Sales Malaysia Sdn. Bhd. The new automation center will strengthen servicing and support for Mitsubishi Electric factory automation (FA) products in Malaysia.Sep 2020: The leading electronics and electrical equipment manufacturing company Mitsubishi Electric Corporation will establish the Philippine FA Center in Manila on the premises of its local subsidiary, MELCO Factory Automation Philippines Inc.
June 2020: Mitsubishi Electric Corporation had acquired a 34% share in Finland based EKE-Electronics Ltd., a manufacturer of train information systems. EKE-Electronics is known for production, sales and after-sales of the train information systems and its peripherals.
May 2020: Mitsubishi Electric Corporation had announced that it would support healthcare professionals in the fight against COVID-19 by donating approximately $ 930,000. The company also provides medical masks to healthcare institutions.
April 2020, Mitsubishi Electric Corporation announced that its European subsidiary Mitsubishi Electric Europe B.V. acquired all shares of AQS PRODUKTER AB, a comfort, process and IT cooling and heat pump distributor in Sweden, a market with promising prospects.
February 2020: Mitsubishi Electric Corporation announced that its subsidiary Mitsubishi Elevator India Private Limited (IMEC) has secured a major order from the”All India Institute of Medical Science (AIIMS), Bilaspur, Himachal Pradesh. The order consists of a total of 64 elevators, including 48 of a model that is exclusive to the Indian market, at this Indian government-owned medical facility, which houses a hospital and a national medical institute
About Mitsubishi Corporation
Mitsubishi Corporation is a global integrated business enterprise, based in Japan. Mitsubishi Corporation has 10 Business Groups that operate across virtually every industry. These include natural gas, industrial materials, petroleum & chemicals, mineral resources, industrial infrastructure, automotive & mobility, food industry, consumer industry, power solution, and urban development.