Mitsubishi Electric : to Open New Facility in Thailand for Air-conditioning Systems
June 29, 2015 at 10:12 pm EDT
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Mitsubishi Electric will invest a total of about 10 billion yen (about 87 million U.S. dollars) in the new base. The facility, which sits on 52,800 square meters of land, will start operating as a distribution warehouse from July. The Integrated Logistics Center will optimize logistics and reduce costs by consolidating four existing warehouses for final products and several other distribution functions for air-conditioning systems parts.
The two-story reinforced concrete building will begin manufacturing air-conditioning systems from 2016, raising Mitsubishi Electric Consumer Products (Thailand)'s annual production capacity from five million units at present to seven million units by the fiscal year ending in March 2019.
"Not only will the new base optimize our logistics system, it will also strengthen our manufacturing capabilities," said So Suzuki, President of Mitsubishi Electric Consumer Products (Thailand). "The global market for air-conditioning systems is growing rapidly, particularly in emerging markets, so this new production site is part of our strategy to meet demand in 142 countries."
Mitsubishi Electric also manufactures air-conditioning systems in Japan, the U.K., China and Mexico.
Mitsubishi Electric Corporation is one of the world's leading manufacturers of electric and electronic equipment. Net sales (including intragroup) break down by family of products and by services as follows:
- industrial automation equipment (28.6%): programmable controllers, motor operators, counters, industrial robots, clutches, etc.;
- electric equipment (24.2%): generators, motors, transformers, power circuit breakers, testing systems, etc.;
- household appliances (22.4%): televisions, video recorders, air conditioners, refrigerators, lamps, vacuum cleaners, etc.;
- information and communication equipment (6.9%): mobile phones, satellites, aerials, medical and audiovisual equipment, servers, computers, etc.;
- electronic components and devices (4.7%): memory, logic integrated circuits, monitors, plasma screens, printed circuit cards, etc.;
- other (13.2%): financial services, real estate management, engineering and maintenance services, etc.
Net sales break down geographically as follows: Japan (52.1%), Asia (24.9%), Europe (11.1%), North America (10.3%) and other (1.6%).