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FOR IMMEDIATE RELEASE No. 2945
Mitsubishi Electric to Open New Facility in Thailand for Air-conditioning Systems
Mitsubishi Electric Consumer Products (Thailand) expands manufacturing and logistics capabilities
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TOKYO, June 30, 2015- Mitsubishi Electric Corporation announced today that Mitsubishi Electric Consumer Products (Thailand) Co., Ltd., a Thai-based subsidiary for air-conditioning systems, will expand its manufacturing and logistics capabilities with a new facility in Chonburi Province, aiming to support Mitsubishi Electric's growing air-conditioning systems business in Asia and other regions.
Rendition of new facility of Mitsubishi Electric Consumer Products (Thailand)
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.
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.