Business

Mitsubishi Electric Expands Investments in Turkey

Mitsubishi Electric Corporation announced it will invest additional USD 18 million to expand production capacity at Mitsubishi Electric Air Conditioning Systems Manufacturing Turkey, the company’s air-conditioner production base in Turkey.

Combined annual production of newly introduced air-to-water (ATW) heat pumps and annual production of room air conditioners will total 1 million units eventually, compared to sole production of 500,000 room air conditioners currently, Mitsubishi Electric said in its official announcement.

New production of ATW units will begin in August 2022 and expanded output of room air conditioners will start this October, the announcement marked.

After the growing demand to ATW units in post Covid-19 period, Mitsubishi Electric aims to meet these demands by expanding its production in Turkey for supply to the European and Turkish markets.​

Source
invest.gov

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