Mitsubishi Electric Begins Producing Cooling & Heating Products in Mexico

  Mitsubishi Electric Begins Producing Cooling & Heating Products in Mexico

        Aims to meet demand in expanding U.S. air-conditioning market

Business Wire

TOKYO -- October 20, 2013

Mitsubishi Electric Corporation (TOKYO:6503) announced today that it has begun
producing the indoor units of commercial air conditioners for the North
American market at Mitsubishi Electric US, Inc.’s wholly owned subsidiary
company, PIMS, S.A. de C.V., located in Baja California, Mexico.

This is the latest move by Mitsubishi Electric to expand its air-conditioning
business in North America through a locally integrated framework for
development, production and sales. PIMS reflects Mitsubishi Electric’s
commitments to the U.S. market and enhanced air-conditioning experiences for
U.S. customers.

To better meet market needs while strengthening operational efficiencies,
Mitsubishi Electric expanded warehouse space and placed several offices and
its engineering center under one roof near Atlanta, Georgia in April. It also
has upgraded engineering functions by developing and testing products in the
United States.

Mitsubishi Electric began selling ductless air conditioners in 1982. Today,
Mitsubishi Electric US Cooling & Heating Division is America’s No. 1 selling
brand of ductless cooling and heating systems. As U.S. consumers become
increasingly energy-conscious, sales of ductless air conditioners are expected
to grow.

PIMS is headed by Minoru Ogawa and has approximately 60 employees.

About Mitsubishi Electric Corporation
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 3,567.1 billion yen (US$ 37.9 billion*) in the fiscal year ended
March 31, 2013. For more information visit http://www.MitsubishiElectric.com
*At an exchange rate of 94 yen to the US dollar, the rate given by the Tokyo
Foreign Exchange Market on March 31, 2013

About Mitsubishi Electric US
Mitsubishi Electric US, Inc., a US affiliate company of Mitsubishi Electric
Corporation, markets photovoltaic panels, cooling & heating air-conditioning
systems, elevators & escalators and semiconductor devices. For additional
information visit http://www.MitsubishiElectric-USA.com.

Contact:

Mitsubishi Electric Corporation
Customer Inquiries
Americas Group
Global Strategic Planning & Marketing Group
http://www.mitsubishielectric.com/ssl/contact/company/form.html
or
Media Inquiries
Taichi Hamamoto, +81-3-3218-2834
Public Relations Division
prd.gnews@nk.MitsubishiElectric.co.jp
http://www.MitsubishiElectric.com/news/
 
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