Mitsubishi Electric Sets Up Turkish Division to Expand in Region
Stock Chart for Mitsubishi Electric Corp (6503)
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.
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