Mitsubishi Electric to Expand Power Device Production Capacity |
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Mitsubishi Electric Automation, Div.
500 Corporate Woods Pkwy.
Vernon Hills, IL, 60061
USA
Press release date: July 15, 2010
Tokyo, July 15, 2010 - Mitsubishi Electric Corporation (TOKYO: 6503) announced today it plans to invest 6.5 billion yen to expand its wafer production capacity for power devices by approximately 2.5 times that of the previous fiscal year. The expansion, to be conducted in several stages, will be completed by April 2011. The company will also invest 3.5 billion yen to increase its assembly and testing capacities. With the increased capacity, Mitsubishi Electric will be better positioned to meet the rapidly growing demand for power devices.
Power devices make electricity usage more efficient and help save energy in a wide range of electric equipment controlled by motors and inverters, such as industrial machinery, trains, hybrid or electric vehicles and home appliances. With the strengthening of various environmental policies worldwide, global demand for power devices has soared in response to the increase in inverter-equipped air conditioners, hybrid or electric vehicles and the renewable energy market based on solar and wind power generation systems.
About Mitsubishi Electric
With over 85 years of experience in providing reliable, high-quality products to both corporate clients and general consumers all over the world, 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. The company recorded consolidated group sales of 3,353.2 billion yen (US$ 36.1 billion*) in the fiscal year ended March 31, 2010. For more information visit http://global.mitsubishielectric.com
*At an exchange rate of 93 yen to the US dollar, the rate given by the Tokyo Foreign Exchange Market on March 31, 2010
Media Contact
Public Relations Division
Mitsubishi Electric Corporation
Tel: +81-3-3218-3380
prd.gnews@nk.MitsubishiElectric.co.jp
http://global.mitsubishielectric.com/news/
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