Mitsubishi Electric Sets Up Turkish Division to Expand in Region
Mitsubishi Electric Turkey AS is 70 percent owned by European division Mitsubishi Electric Europe BV and the remainder is held by the parent, according to a statement on the Japanese company’s website. Kei Uruma is president for the Turkey unit.
Mitsubishi Electric’s business in Turkey includes air conditioning, factory automation and products such as satellites, elevators, escalators and electrical equipment for railcars, according to the statement. Sales totaled about $112 million in Turkey in the fiscal year that ended March 2012.
To contact the reporter on this story: Ercan Ersoy in Istanbul at email@example.com
To contact the editor responsible for this story: Benedikt Kammel at firstname.lastname@example.org
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.