2/10/2018

Japan’s Mitsubishi Electric commissions new plant in Turkey

The inauguration of a new air-conditioner production facility backed by Japanese multinational electronics and electrical equipment manufacturer Mitsubishi Electric Corporation was held in Turkey’s Manisa Organized Industrial Zone. The TRY 382.5 million investment by Mitsubishi Electric is located on a 60,000 square-meter area, which includes 40,000 square-meters of indoor space, and will provide employment for around 400 people by 2021.

 

During his speech to mark the plant’s inauguration, Minister of Science, Industry, and Technology Faruk Özlü said that Turkey is now a global attraction center. He added that Mitsubishi Electric’s new plant exemplifies the confidence that international investors have in the Turkish economy and its future. “As Turkey has successfully grown during the last 15 years, it has become an island of stability and confidence in its region,” said Özlü.

 

Speaking at the ceremony, ISPAT President Arda Ermut said, “We have worked hard for this facility since 2013, including the data provision for feasibility, bureaucratic follow-up, site selection support, and various meetings in Japan. We are more than happy to see all of these efforts bear fruit today.” He further noted that Turkey has always turned crisis into opportunities. “Foreign investors use Turkey as a safe haven in the region. For companies that want to explore the opportunities in the region, Turkey has always been a relatively safe place to do business,” said Ermut.

 

President and CEO of Mitsubishi Electric Corporation Masaki Sakuyama said during the inauguration that their AC systems segment, comprising Mitsubishi Electric Turkey, is an integral part of Mitsubishi Electric's household appliances division. “Turkey – already a prime market for us – has now become our vital production hub,” he emphasized.

 

President of Mitsubishi Electric Turkey Klima Sistemleri Üretim A.Ş. Katsu Wada acknowledged that Mitsubishi Electric will manufacture high-tech environmentally friendly products using the e-factory concept in line with the move towards Industry 4.0.

Mitsubishi Electric operates in 43 countries with more than 138,000 employees. The new plant in Manisa is the company’s first residential air-conditioner plant in Europe. Mitsubishi Electric Turkey was established in April 2016, and the construction of the plant was completed in June 2017 with an investment of TRY 382.5 million. The plant began production in December 2017 with more than 200 employees.

mitsubishi; investment; air conditioner; investment; turkey

ENGLISH