Mitsubishi Electric to Expand Factory Automation Business in India

  Mitsubishi Electric to Expand Factory Automation Business in India

 Will open development center, target JPY 15 billion in annual India FA sales
                                by March 2016

Business Wire

TOKYO -- February 26, 2013

Mitsubishi Electric Corporation (TOKYO:6503) announced today that its
subsidiary Mitsubishi Electric India Pvt. Ltd. will host a new factory
automation (FA) development center on its premises for business expansion in
India. Scheduled for launch on March 1, the Indian FA Development Center will
strengthen R&D functions in the FA business to better meet needs in the
growing Indian market and global market beyond.

The Indian FA Development Center will develop programmable logic controllers
and human machine interfaces by collaborating with Mitsubishi Electric India's
marketing division. It also will develop basic technologies common to diverse
FA products in cooperation with Mitsubishi Electric FA development centers
worldwide, including the European FA Development Center in Dusseldorf,
Germany, the North American FA Development Centers in Boston and Chicago,
U.S.A and the China Design Center in Dalian, China.

The center, the newest technical division of Mitsubishi Electric India's Pune
branch, will launch with a workforce of 37 including two Japanese employees.

Mitsubishi Electric has been strengthening its Indian business through
measures including the acquisition of a local FA manufacturer in 2012. The
company aims to grow in line with India's rapidly expanding FA market,
especially in the fields of automotives, textiles, pharmaceuticals and food
and beverage.


About Mitsubishi Electric India Pvt. Ltd.
Managing Director  Shinji Yamabe
Headquarters        Gurgaon City, Haryana State, India
Shareholders        Mitsubishi Electric Asia Pte Ltd: 70%
                    Mitsubishi Electric Corporation: 30%
Capital             INR 1.8 billion (JPY 3.1 billion)
Establishment       September 2010
                    Sales and support for Mitsubishi Electric air conditioning
Businesses         systems, industrial automation products, power modules and
                    visual & imaging products
                    

About Mitsubishi Electric

With over 90 years of experience in providing reliable, high-quality products,
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. Embracing the spirit of its corporate
statement, Changes for the Better, and its environmental statement, Eco
Changes, Mitsubishi Electric endeavors to be a global, leading green company,
enriching society with technology. The company recorded consolidated group
sales of 3,639.4 billion yen (US$ 44.4 billion*) in the fiscal year ended
March 31, 2012. For more information visit http://www.MitsubishiElectric.com

*At an exchange rate of 82 yen to the US dollar, the rate given by the Tokyo
Foreign Exchange Market on March 31, 2012

Contact:

Mitsubishi Electric Corporation
Customer Inquiries
Factory Automation Systems
http://www.MitsubishiElectric.com/products/industry
or
Media Inquiries
Katsunobu Muroi, +81-3-3218-2346
Public Relations Division
prd.gnews@nk.MitsubishiElectric.co.jp
http://www.MitsubishiElectric.com/news/
 
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