INDIA

Mitsubishi Electric India announces “The Sub Assembly of Inverters and establishment of India Development Center in Pune”

• Mitsubishi Electric India commences Sub Assembly of Inverters used for Building and Industrial Applications with the objective of energy conservation • Mitsubishi Electric India also establishes India Development Center in Pune to support and enhance the development of its global product range • Mitsubishi Electric India aims to increase its present market share from 8% to 15 % by FY 15 27th & 28th February, 2013:- With over 90 years of experience in providing reliable, high-quality products, 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. Embracing the spirit of its corporate statement, Changes for the Better, and its environmental statement, Eco Changes, Mitsubishi Electric endeavours to be a global, leading green company, enriching society with technology. The company has recorded consolidated group sales of 3,639.4 billion yen (US$ 44.4 billion*) in the fiscal year ended March 31, 2012. *At an exchange rate of 82 yen to the US dollar, the rate given by the Tokyo Foreign Exchange Market on March 31, 2012 With a presence across 40 countries and Factory Automation Centers in 17 global and 3 Indian locations with 3 world class R & D Centers. In order to show commitment to the Indian Market and utilize the rich technical expertise available in India, Mitsubishi Electric is committed to launch its 4thglobal R & D Center in Pune, annual spend on R & D is approximately 5%. It’s Factory Automation and Industrial Division, Head Quartered in Pune has an employee strength of more than 356 and 51 channel partners. The company provides product based solutions like Programmable Logic Controllers (PLC), Human Machine Interfaces (HMI), Inverter, Servo Motor & Drives and Low Voltage Switchgear along with Energy Monitoring offerings to various industry verticals which include Automotive, Pharmaceutical, Food & Beverage, Textile, Water & Waste Water Treatment and Building Segment. Speaking on this occasion, Mr. Hideyuki Ohkubo, Executive Officer, Group President of Mitsubishi Electric Corporation said, “We already are an established brand in India with our presence since 1995 providing low voltage drives for market right from 0.4 kW to 630 kW for established business sector like plastic, textile, pharmacy and automobile industry. Keeping in mind the increasing demand of the product in India, which was earlier imported, we are excited to assemble it here.” The area for the sub assembly of inverters is approximately 4000 sq.ft. which is estimated to manufacture 40000 units within the first year of its operation. Mitsubishi Electric India targets to manufacture 1,50,000 units in the next 3 years with an investment of INR 150 million. Establishment of India Development Center The Indian Factory Automation (FA) Development Center will develop programmable logic controllers (PLC) and human machine interfaces (HMI) by collaborating with Mitsubishi Electric India’s marketing division. It will also develop basic technologies common to diverse Factory Automation (FA) products in cooperation with Mitsubishi Electric FA development centers worldwide, including the European FA Development Center in Dusseldorf, Germany, the North American FA Development Centers in Boston and Chicago, U.S.A and the China Design Center in Dalian, China. This Center of Mitsubishi Electric India’s (Pune) will operate with a workforce of 37, including Japanese employees and intends to grow the work force to approximately 150 in coming years. For more information visit MitsubishiElectric.in

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