Mitsubishi Electric to build a new production facility for factory automation products at Nagoya Works
Mitsubishi Electric will build a new production facility for factory automation products at the company’s Nagoya Works, located in Aichi Prefecture, Japan. The 6.5 billion yen (81.76 million U.S. dollars) facility is expected to start operation in January 2014, and will play a key role in meeting the growing global demand created by the acceleration of factory automation, especially in China and other Asian countries. Mitsubishi Electric will target consolidated annual sales of 600 billion yen (7.54 billion U.S. dollars) from its factory automation systems business by March 2016.
The new facility will enable increased production of programmable controllers, as well as enhance production capacity for key components in the company’s drive control equipment manufactured around the world. Recent labor shortages, the rise in wages and a demand for high-quality products have rapidly led to increased factory automation. To meet the demand from the expanding global market for automation equipment, Mitsubishi Electric is currently engaged in building a market-oriented production structure in China, India and other countries, as well as strengthening its manufacturing base in Japan.