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FOR IMMEDIATE RELEASE No. 3158
Mitsubishi Electric to Open Factory for Room Air Conditioners in Turkey
Will help expand business for air conditioning and refrigeration systems in Turkey and Europe
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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.
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.
Company Outline
| Name | Mitsubishi Electric Turkey Klima Sistemleri Üretim Anonim Şirketi English: Mitsubishi Electric Air Conditioning Systems Manufacturing Turkey Joint Stock Company |
| President | Katsu Wada |
| Location | Manisa, Turkey |
| 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 |