From the Wires
Mitsubishi Electric Establishes Sales Company in Indonesia
By: Business Wire
Dec. 4, 2012 09:00 PM
Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has established a sales company in Indonesia, named PT. Mitsubishi Electric Indonesia (Mitsubishi Electric Indonesia), to handle sales of air-conditioning systems, home appliances and factory automation (FA) beginning in March 2013. Combining sales from these three businesses with existing manufacturing and sales for automotive equipment and elevators & escalators, the Mitsubishi Electric Group aims to raise consolidated annual sales in Indonesia to some 23 billion yen, or 300 million US dollars, by the fiscal year ending in March 2016.
The new company will help to strengthen links with current distributors and sales agents for expanded business in Indonesia, a priority market for Mitsubishi Electric.
1. Air-conditioning systems sales
2. Home appliance sales
3. FA equipment sales, technical support and
4. Business support for other businesses
Indonesia boasts the world's 18th largest GDP and the largest ASEAN economy. The country has the world's fourth largest population at 240 million, more than 40% of which is under 19 years of age. Domestic demand is expected to spur high rates of growth due to large-scale infrastructure projects and commercial building construction, attracting general contractors and manufacturers to enter the automotive and other sectors.
About Mitsubishi Electric
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
endeavors to be a global, leading green company, enriching society with
technology. The company recorded consolidated group sales of 3,639.4
billion yen (US$ 44.4 billion*) in the fiscal year ended March 31, 2012.
For more information visit http://www.MitsubishiElectric.com
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