FOR IMMEDIATE RELEASE No. 3158
Will help expand business for air conditioning and refrigeration systems in Turkey and Europe
TOKYO, December 11, 2017 - 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.
|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|
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.
|Name||Mitsubishi Electric Turkey Klima Sistemleri Üretim Anonim Şirketi
English: Mitsubishi Electric Air Conditioning Systems Manufacturing Turkey Joint Stock Company
|Capital||382.5 million TRY (approx. 11.5 billion JPY) (Ownership: Mitsubishi Electric Corporation 100%)|
|Established||April 4, 2016|
|Employees||146 as of December 2017; approx. 400 by the fiscal year ending March 2021|
|Business||Development and manufacture of room air conditioners|
Note that the releases are accurate at the time of publication but may be subject to change without notice.