Mitsubishielectric.comindonesiatoday.com - Mitsubishi Electric plans to start producing smart meters and expand sales/service channels in Indonesia as part of its effort to expand factory automation systems business worldwide.
Mitsubishi Electric Corporation said it will strengthen its factory automation (FA) solution businesses, including related production and sales capacities, with the intention of expanding market share, especially in China, India, ASEAN nations, Brazil and other emerging markets.
The goal is to raise annual sales of the FA systems business from 480 billion yen at present to 600 billion yen by the fiscal year ending in March 2016, and also increase the ratio of overseas FA systems sales from 45 percent to 50 percent over the same period.
In the ASEAN nations, the company will position its Singapore-based sales subsidiary as its headquarters for the ASEAN market to target growth in infrastructure solutions in partnership with the CNA Group Ltd.
Mitsubishi Electric Corporation is a recognized world leader in the manufacture, marketing and sales of electrical and electronic equipment. The company recorded consolidated group sales of 3,645.3 billion yen (US$ 43.9 billion) in the fiscal year ended March 31, 2011. (Theindonesiatoday.com)
