Mitsubishi electric Corporation (TOKYO: 6503) announced today that newly established company Mitsubishi Electric Factory Automation (Thailand) Co., Ltd. (hereinafter MELFT) completed the acquisition of FA product distributor F.A. TECH and the integration of the FA product and Computer Numerical Controller (CNC) sales and service divisions of Mitsubishi Electric Automation (Thailand) Co., Ltd. (hereinafter MEATH). MELFT commenced sales activities yesterday.
With this new company, Mitsubishi Electric envisions factory automation sales in Thailand reaching JPY 20 billion (USD 210 million) by the fiscal year ending in March 2018. MELFT will leverage the strengthened FA product and CNC sales and service capabilities to provide ample opportunities for future growth in this high-priority market.
MEATH continues to manufacture and sell industrial motors, pumps, electrical discharge machines and laser processing machines.
| Managing Director | Yutaka Kawasaki |
| Headquarters | District Yannawa, Bangkok, Thailand |
| Capital | THB 300million (approximately JPY 900 million) |
| Foundation | April 22, 2013 |
| Employees | 100 |
| Business | -Sales and before/after support for FA product and CNC -Marketing, including market research -Setting up sales networks and managing distributors |
