Bloomberg HT – Long-term growth potential and a young population has placed Turkey on top of Mitsubishi Electric’s investment agenda. The Japanese conglomerate, which manufactures a large range of products and systems from semiconductors to elevators, intends to increase its investments in Turkey to be a part of the country’s success story, says Masahiro Fujisawa, president of Mitsubishi Electric Turkey.
“On a path to become one of the world’s most advanced economies, we believe Turkey will increase its productivity by employing high-tech in its various industries, becoming a manufacturer of high-added value products. The completion of major infrastructure projects, such as the Marmaray, the underwater rail tunnel linking the European and Asian sides of Istanbul, and numerous ongoing large scale projects confirm this,” Fujisawa said. “Mitsubishi Electric will continue contributing to Turkey’s development with our products and services,” he added.
Having established its head office in Istanbul in 2013, Mitsubishi Electric Turkey offers factory automation systems, advanced robotics, air conditioning systems among others. The company’s technologies are used in the Marmaray and the Turksat satellites.