Mitsubishi Electric to Establish Yangon Branch Office in Myanmar

  Mitsubishi Electric to Establish Yangon Branch Office in Myanmar

            Targeting business expansion in this promising market

Business Wire

TOKYO -- April 1, 2014

Mitsubishi Electric Corporation (TOKYO:6503) announced today that its
Singapore-based subsidiary, Mitsubishi Electric Asia Pte Ltd, will establish a
branch office in Yangon, Myanmar. The Yangon Branch Office, which will
commence operations on April 25, will coordinate Mitsubishi Electric’s efforts
to expand business in Myanmar by conducting market research, collecting
information and providing support for infrastructure projects and local
distributors.

The office, headed by General Manager Kohji Maruyama, will be located at Unit
No. 05-04 (Level-5), Union Business Centre, Nat Mauk Road, Bo Cho Quarter,
Bahan Township, Yangon.

Foreign investment for the development of infrastructure and special economic
zones is accelerating in Myanmar due to democratization and economic reforms
in recent years. The country’s consumer market has strong growth potential
over the medium to long term.

For many years, Mitsubishi Electric has been selling products and services,
mainly in the power sector, for infrastructure development, beginning with its
supply of transformers for a hydroelectric power plant in 1960. The company
also has been supplying residential and commercial air-conditioning systems,
home appliances including refrigerators and electric fans, factory-automation
products, elevators and escalators through distributors since the 1990s.

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

Contact:

Mitsubishi Electric Corporation
Customer Inquiries
Asia and Oceania Group
Regional Marketing Division
Global Strategic Planning & Marketing Group
Tel: +81-3-3218-9211
http://www.MitsubishiElectric.com/
or
Media Inquiries
Katsunobu Muroi, +81-3-3218-2346
Public Relations Division
prd.gnews@nk.MitsubishiElectric.co.jp
http://www.MitsubishiElectric.com/news/
 
Press spacebar to pause and continue. Press esc to stop.