TOKYO--(BUSINESS WIRE)-- Mitsubishi Electric Corporation (TOKYO:6503) announced today that its new subsidiary in Dalian, China, Ryoden Koki Engineering (Dalian) Co., Ltd., from October has begun providing procurement, repair and sales of service parts (maintenance and consumable parts) for Mitsubishi Electric's industrial automation machinery products, including electric discharge machines (EDM), laser processing machines and computerized numerical controllers (CNC). Annual sales of 1.5 billion yen are targeted by fiscal 2015.
Ryoden Koki Engineering (Dalian) will enhance after-sales service in China at a time when EDMs, laser processing machines and CNC machine tools are being installed at an increasing rate due to the expanding operations of Japanese, Taiwanese and Korean enterprises in China. Mitsubishi Electric will leverage the service know-how of Ryoden Koki Engineering, its wholly owned service subsidiary in Japan, to strengthen service capabilities in China, and to expand local procurement of service parts for enhanced service and greater customer satisfaction.
Ryoden Koki Engineering (Dalian) will also serve as a global supply base for service parts of products made in China. Mitsubishi Electric plans to greatly expand its maintenance business in China through local after-sales servicing.
|Capital||30 million CNY (approximately 370 million JPY）|
|Launch||Establishment: July 2012; start of operation: October 2012|
|Employees||Around 20 (by January 2013)|
|Business||Procurement, repair and sales of service parts (maintenance and consumable parts) of industrial automation machinery products|
|Location||1-1-9 Daiko minami, Higashi-ku, Nagoya, Japan|
|Ownership||Mitsubishi Electric Corporation: 100%|
|Capital||300 million JPY|
|Business||Installation, adjustment, check, repair, maintenance, manufacture and sales of electric equipment for machine tools, EDMs, laser processing machines, automatic handling systems and peripheral equipment|
Ryoden Koki Engineering (Dalian) Co., Ltd.
Dalian Economic & Technical Development Zone, Dalian, Liaoning Province, China
(premises of Mitsubishi Electric Dalian Industrial Products Co., Ltd.)
Mitsubishi Electric Corporation: 10%
Mitsubishi Electric (China) Co., Ltd.: 10%
Mitsubishi Electric Automation (China) Ltd.: 10%
Ryoden Koki Engineering: 70%
Ryoden Koki Engineering
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
*At an exchange rate of 82 yen to the US dollar, the rate given by the Tokyo Foreign Exchange Market on March 31, 2012
Mitsubishi Electric Corporation
Factory Automation Systems
Yurika Fujimoto, +81-3-3218-3380
Public Relations Division
Source: Mitsubishi Electric Corporation