Mitsubishi Electric Corporation has announced that a new factory of its Turkish air conditioning unit, Mitsubishi Electric Air Conditioning Systems Manufacturing Turkey Joint Stock Company, will go online as of Dec. 12.
In a statement, the company said the new plant in the Aegean province of Manisa will help expand its business for air conditioning and refrigeration systems both in Turkey and Europe, where the demand for room air conditioners are expected to increase.
Annual production of 500,000 sets (indoor and outdoor units) is targeted by the fiscal year ending March 2021, read the statement.
The company aims to create at least 400 jobs by the end of March 2012, it added.
Mitsubishi Electric’s air conditioning and refrigeration-systems business in Europe is expanding steadily and the demand in Turkey expected to increase in line with the country’s economic and population growth, the company also elaborated.
“The new factory is expected to play a key role in accelerating localization to ensure a flexible supply chain capable of responding to fluctuating demands and meeting specific local market, preferences and environmental requirements in both Turkey and Europe,” it added.