Mitsubishi Electric to Expand Production Capacity at A/C Base in Turkey

Mitsubishi Electric to Expand Production Capacity at A/C Base in Turkey

May 27, 2022 by Business Wire Environment News

Key Facts

  • TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will invest 1.44 billion Turkish lira (113 million USD) in a new plant at Mitsubishi Electric Air Conditioning Systems Manufacturing Turkey Joint Stock Company (MACT), the company’s air-conditioner production base in Turkey.
  • Mitsubishi Electric is growing its global Heating, Ventilation and Air-Conditioning (HVAC) business under an expansion strategy through 2025 that is focused especially on the European heating-system market.
  • Conventional boiler-type heaters that rely on fossil fuel are rapidly being replaced with ATW heat pumps in line with Europe’s decarbonization policies, which is driving the rapid growth of the ATW market in Turkey and across Europe.
  • Mitsubishi Electric has continued to invest in MACT since establishing the subsidiary company in 2016, including making an additional investment of 222 million Turkish lira (17.3 million USD) in 2021.

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