MITSUBISHI ELECTRIC CORPORATIONPUBLIC RELATIONS DIVISION
7-3, Marunouchi 2-chome, Chiyoda-ku, Tokyo, 100-8310 JapanFOR IMMEDIATE RELEASE

No. 3019

Customer Inquiries
Overseas Air-Conditioning & Refrigeration Systems Division
Living Environment & Digital Media Equipment Group
Mitsubishi Electric Corporation

Media Inquiries

www.MitsubishiElectric.com/bu/air/index.html

Public Relations Division
Mitsubishi Electric Corporation
prd.gnews@nk.MitsubishiElectric.co.jp
www.MitsubishiElectric.com/news/

Mitsubishi Electric Establishes New Company in Turkey
for Room Air Conditioner Development and Manufacture
Expanding air-conditioning and refrigeration-systems business in EuropeTOKYO, April 13, 2016 – Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it
established a new company for the development and manufacture of room air conditioners in Istanbul,Turkey. The company, called Mitsubishi Electric Turkey Klima Sistemleri Üretim Anonim Şirketi, isscheduled to begin production in January 2018.
The annual demand for room air conditioners in Turkey is about one million and further growth is expected
in line with an increasing population. Rising demand is also forecast for neighboring Balkan countries.
Based on this robust demand and a favorable business environment, including a skilled labor pool and stablecomponents procurement, Mitsubishi Electric decided to establish a development and manufacturing base inTurkey. The new company will play a key role in Mitsubishi Electric’s global strategy for its air conditioning
and refrigeration-systems business in the European market, which calls for accelerated localization to ensure
a flexible supply chain capable of responding to fluctuating demands. The strategy also promotes productdevelopment that meets specific local needs, preferences and environmental requirements in Europe while
continuously consolidating manufacturing and supply capability.

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New Company Outline
NameLocation
Ownership
CapitalEstablished
Site area
Floor area
Production capacity
Start of operations
Capital expenditure
Employees
Business

Mitsubishi Electric Turkey Klima Sistemleri Üretim Anonim Şirketi
English:Mitsubishi Electric Air Conditioning Systems Manufacturing Turkey Joint
Stock Company
Headquarters: Istanbul, Turkey
Manufacturing site: Manisa, Turkey
Mitsubishi Electric Corporation: 100%
80.6 million TRY (approximately 3,200 million JPY)
April 4, 2016
Approx. 60,000 square meters
Approx. 40,000 square meters
500,000 units annuallyJanuary 2018 (subject to change)
Approx. 7,000 million JPY
Approx. 400 by FY2020
Development and manufacture of room air conditioners###About Mitsubishi Electric Corporation
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 ofelectrical and electronic equipment used in information processing and communications, space development
and satellite communications, consumer electronics, industrial technology, energy, transportation andbuilding equipment. Embracing the spirit of its corporate statement, Changes for the Better, and itsenvironmental statement, Eco Changes, Mitsubishi Electric endeavors to be a global, leading green company,enriching society with technology. The company recorded consolidated group sales of 4,323.0 billion yen(US$ 36.0 billion*) in the fiscal year ended March 31, 2015. For more information visit:
http://www.MitsubishiElectric.com*At an exchange rate of 120 yen to the US dollar, the rate given by the Tokyo Foreign Exchange Market on
March 31, 2015

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