Tokyo, December 14, 2011 - Mitsubishi Electric Corporation (TOKYO: 6503) announced 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 addition to its current worldwide partnerships, Mitsubishi Electric will strengthen cooperation with software, ERP systems and CC-Link industrial network partners to enhance its iQ Platform business. These partnerships enable Mitsubishi Electric to expand technological advantages and business opportunities, in particular for energy-saving solutions in China and infrastructure solutions in ASEAN nations.
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