Due to increase in air-conditioner demand, Mitsubishi Electric Corporation announced to invest approx. USD 18 million in Turkey. The company plans to increase production capacity at Mitsubishi Electric Air Conditioning Systems Manufacturing Turkey (MACT).
- Combined annual production of newly introduced air-to-water (ATW) heat pumps and annual production of room air conditioners will total one million units eventually, compared to sole production of 500,000 room air conditioners currently.
- New production of ATW units will expanded output of room air conditioners.
- Environmental measures to be adopted in the factory will include the introduction of equipment for energy-saving production and electronic conveyance.
The leading investments and deals by Mitsubishi Electric 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 has announced that it had reached an agreement with Sharp Corporation to acquire factory from Sharp Fukuyama Semiconductor Co., Ltd., a wholly owned subsidiary of Sharp Corporation located in Fukuyama, Hiroshima Prefecture, Japan.
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 Electric Corporation
The Mitsubishi Electric, headquartered in Chiyoda City, Tokyo, Japan, is a leading electronics and electrical equipment manufacturing company. The company has approximately 145,800 employees. The company is a leader in manufacturing and sales of electric and electronic equipment used in Energy and Electric Systems, Industrial Automation, Information and Communication Systems, Electronic Devices, and Home Appliances.
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.