Mitsubishi Electric Corporation (TOKYO: 6503) announced today that the new factory of Mitsubishi Electric Turkey Klima Sistemleri Üretim Anonim Şirketi, designed for the development and manufacture of room air conditioners in Turkey, will commence production on December 12. Mitsubishi Electric aims to expand business in Turkey and Europe, where the demands for room air conditioners are expected to increase. Annual production of 500,000 sets (indoor and outdoor units) is targeted by the fiscal year ending March 2021.
Details of New Factory | ||
Location | Manisa Organized Industrial Zone, Manisa, Turkey | |
Site area | Approx. 60,000 square meters | |
Floor area | Approx. 40,000 square meters | |
Start of operation | December 12, 2017 | |
Products | Room air conditioners | |
Production capacity | 500,000 sets (indoor and outdoor units) annually | |
Aims of New Factory
Mitsubishi Electric’s air conditioning and refrigeration-systems business in Europe is expanding steadily and the demand in Turkey expected to increase in line with the country’s economic and population growth. The new factory is expected to play a key role in accelerating localization to ensure a flexible supply chain capable of responding to fluctuating demands and meeting specific local market, preferences and environmental requirements in both Turkey and Europe.
About Mitsubishi Electric Corporation
With over 90 years of experience in providing reliable, high-quality
products, Mitsubishi Electric Corporation (TOKYO: 6503) is a recognized
world leader in the manufacture, marketing and sales of electrical and
electronic equipment used in information processing and communications,
space development and satellite communications, consumer electronics,
industrial technology, energy, transportation and building equipment.
Embracing the spirit of its corporate statement, Changes for the Better,
and its environmental statement, Eco Changes, Mitsubishi Electric
endeavors to be a global, leading green company, enriching society with
technology. The company recorded consolidated group sales of 4,238.6
billion yen (US$ 37.8 billion*) in the fiscal year ended March 31, 2017.
For more information visit:
www.MitsubishiElectric.com
*At
an exchange rate of 112 yen to the US dollar, the rate given by the
Tokyo Foreign Exchange Market on March 31, 2017
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