Electric Corporation (TOKYO:6503) announced today that under a plan
to double annual satellite production capacity from four satellites to
eight, it will invest approximately 3 billion JPY to enlarge and upgrade
its Kamakura Works production facility in Kamakura, Japan. Construction
is scheduled for completion by March 2013. Responding to growing demand
worldwide, the company intends to double satellite-related annual sales
to 150 billion JPY by March 2021.
The satellite business is positioned as a key contributor to Mitsubishi
Electric's future growth. The new facility will help to reduce costs and
shorten delivery time by integrating production processes, such as
component assembly and environmental testing. At completion, the
enlarged facility will have a total floor space of 7,700 m2.
In 2009, the Japanese government announced its Basic Plan for Space
Policy, declaring that development and production of satellites should
be utilization-driven rather than R&D-driven. Going forward, satellites
are expected to be utilized increasingly for high-precision positioning,
navigation and timing (PNT) information services and other
public-oriented infrastructure. In addition, the annual demand for new
satellites in the global commercial communications market has risen to
about 20, reflecting the rapid increase in traffic for data and
Mitsubishi Electric, which entered the space industry in the 1960s, has
participated in more than 440 satellite projects worldwide. In 2000, it
became the first Japanese manufacturer capable of developing, designing,
assembling and testing satellites at a single location. Equipped with
one of Japan's largest thermal vacuum testing chambers, an acoustic test
chamber and an antenna test range, the company's Kamakura Works so far
has produced 18 satellites, as well as electronic modules for the
Japanese H-II Transfer Vehicle (HTV).
In March 2011, Mitsubishi Electric was selected from a pool of
competitors to supply the Turksat-4A and -4B satellites to Turksat A.S.
The two satellites will be built using the company's DS2000 standard
satellite platform to facilitate the delivery of highly reliable
satellites at reasonable costs.
In May, Mitsubishi Electric announced that the ST-2 communications
satellite, which the company built for a joint venture between Singapore
Telecommunications Limited (SingTel) and Taiwan's Chunghwa Telecom
Company Limited (Chunghwa Telecom), had been successfully launched and
injected into geostationary orbit.
About Mitsubishi Electric
90 years of experience in providing reliable, high-quality products to
both corporate clients and general consumers all over the world,
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.
The company recorded consolidated group sales of 3,645.3 billion yen
(US$ 43.9 billion*) in the fiscal year ended March 31, 2011. For more
information visit http://www.MitsubishiElectric.com
an exchange rate of 83 yen to the US dollar, the rate given by the Tokyo
Foreign Exchange Market on March 31, 2011
Mitsubishi Electric Corporation
Yurika Fujimoto, +81-3-3218-3380