Mitsubishi Electric

Mitsubishi Corporation and NTT complete acquisition of 30% stake in HERE Technologies

Tuesday, June 2, 2020 - 6:00am

Amsterdam and Tokyo HERE Technologies today announced that Mitsubishi Corporation (MC) and Nippon Telegraph and Telephone Corporation (NTT) of Japan have completed their joint acquisition of a 30% ownership stake in the company, after receiving regulatory approvals.

Key Points: 
  • Amsterdam and Tokyo HERE Technologies today announced that Mitsubishi Corporation (MC) and Nippon Telegraph and Telephone Corporation (NTT) of Japan have completed their joint acquisition of a 30% ownership stake in the company, after receiving regulatory approvals.
  • The two companies have co-invested in HERE via their recently established, jointly owned holding company COCO Tech Holding B.V. in the Netherlands.
  • As a result, HERE now has nine direct and indirect shareholders: Audi, Bosch, BMW Group, Continental, Intel Capital, MC, Mercedes-Benz, NTT and Pioneer.
  • We welcome Mitsubishi Corporation and NTT as new strategic investors, supporting our long-term growth ambitions and boosting our enterprise value significantly.

Mitsubishi Electric to Invest in EKE-Electronics Ltd. in Finland

Tuesday, June 2, 2020 - 3:10am

Mitsubishi Electric Corporation (TOKYO:6503) announced today that it has acquired a 34% share in EKE-Electronics Ltd., a Finnish manufacturer of train information systems.

Key Points: 
  • Mitsubishi Electric Corporation (TOKYO:6503) announced today that it has acquired a 34% share in EKE-Electronics Ltd., a Finnish manufacturer of train information systems.
  • The company aims to strengthen product competitiveness of train control and management system (TCMS) and to establish technology of support system for condition-based maintenance (CBM).
  • This capital alliance will allow Mitsubishi Electric to drive business collaboration with EKE-Electronics in order to enhance its train information systems business in overseas market.
  • Furthermore, by leveraging the two companies sales channels as well as know-how, Mitsubishi Electric aims to grow its train information systems business in overseas market.

The Photovoltaic market in Europe was valued at US$ 45.57 billion in 2019 and is projected to reach US$ 177.58 billion by 2027; it is expected to grow at a CAGR of 18.5% from 2020-2027

Saturday, May 23, 2020 - 2:10am

The market in Europe comprises several developing economies such as Germany, France, Italy, the UK, and Russia.

Key Points: 
  • The market in Europe comprises several developing economies such as Germany, France, Italy, the UK, and Russia.
  • This factor is projected to boost the photovoltaic market in the European countries.
  • Mitsubishi Electric Corporation, Panasonic Corporation, and Kaneka Corporation are among the key players present in the European photovoltaic market.
  • Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

Mitsubishi Electric US, Inc. Supports Feeding America

Monday, May 18, 2020 - 3:00pm

The Elevator & Escalator Division of Mitsubishi Electric US, Inc., headquartered in Cypress, California, and the Mitsubishi Electric America Foundation have proudly donated $12,000 to Feeding America , the nations largest domestic hunger-relief organization.

Key Points: 
  • The Elevator & Escalator Division of Mitsubishi Electric US, Inc., headquartered in Cypress, California, and the Mitsubishi Electric America Foundation have proudly donated $12,000 to Feeding America , the nations largest domestic hunger-relief organization.
  • Following the challenge, and with the goal exceeded, the Elevator & Escalator Divisions Lift Well-Being committee and the Mitsubishi Electric America Foundation contributed for a combined donation of $12,000 to Feeding America.
  • Mitsubishi Electric US group companies have 38 locations throughout North America with approximately 4,000 employees.
  • The Mitsubishi Electric America Foundation, based in the Washington, DC area, was established in 1991 by Mitsubishi Electric Corporation and the Mitsubishi Electric U.S. companies, which produce, sell and distribute a wide range of consumer, industrial, commercial and professional electronics products.

MHPS the Global Market Share Leader in 2019 for Flue Gas Desulfurization Systems

Monday, April 27, 2020 - 5:41am

- Top share with 37.2% of the global market, fifth time since 2014

Key Points: 
  • - Top share with 37.2% of the global market, fifth time since 2014
    - Contributing to a significant reduction in air pollutants, and improvement in the global environment
    YOKOHAMA, Japan, Apr 27, 2020 - (JCN Newswire) - Mitsubishi Hitachi Power Systems, Ltd. (MHPS), achieved the top market share for flue gas desulfurization (FGD) systems in 2019, securing 37.2% of the global market.
  • (1) According to a leading market research report, for the last six-year period, MHPS had the world's leading market share with 37%, delivering the systems with a combined 51,010 MW of output.
  • This is the fifth time that MHPS has obtained the top market share during this period.
  • MHPS also boasts a leading global market share for SCR systems, and is an industry leader.

Mitsubishi Electric to Provide Funding and Supplies to Support Coronavirus (COVID-19) Relief Efforts in Japan

Wednesday, May 13, 2020 - 3:10am

Mitsubishi Electric will donate approximately 100 million yen to support healthcare professionals working on the frontline and children affected by the prolonged closure of schools.

Key Points: 
  • Mitsubishi Electric will donate approximately 100 million yen to support healthcare professionals working on the frontline and children affected by the prolonged closure of schools.
  • The funds will come from nonconsolidated contributions as well as donations from the Mitsubishi Electric SOCIO-ROOTS Fund.
  • The Fund will collect donations from Mitsubishi Electric employees that the company will then match, effectively doubling the amount donated.
  • Mitsubishi Electric will provide about 100,000 medical (N95) masks and supplies of disinfectant to medical institutions.

Mitsubishi Electric US, Inc. Introduces “Touch Free” Elevator Call System Smartphone Application

Monday, May 11, 2020 - 3:00pm

The Elevator & Escalator Division of Mitsubishi Electric US, Inc., headquartered in Cypress, California, introduces an elevator call system application for smartphones.

Key Points: 
  • The Elevator & Escalator Division of Mitsubishi Electric US, Inc., headquartered in Cypress, California, introduces an elevator call system application for smartphones.
  • The smartphone application is designed for users to have a more personalized, seamless experience with elevators that are equipped with the Mitsubishi Electric Sigma AI 2200C Destination Oriented Allocation System (DOAS).
  • Our goal at Mitsubishi Electric is always to provide quality and convenience to the user, said Chris Cole, national sales and marketing manager, Mitsubishi Electric US, Inc., Elevator & Escalator Division.
  • The Elevator Call System application is available now please contact your local Mitsubishi Electric sales representative.

Mitsubishi Electric Announces Consolidated Financial Results for Fiscal 2020

Monday, May 11, 2020 - 10:10am

Under these circumstances, the Mitsubishi Electric Group has been working even harder than before to promote growth strategies rooted in its advantages, while continuously implementing initiatives to strengthen its competitiveness and business structure.

Key Points: 
  • Under these circumstances, the Mitsubishi Electric Group has been working even harder than before to promote growth strategies rooted in its advantages, while continuously implementing initiatives to strengthen its competitiveness and business structure.
  • Revenue for fiscal 2020 decreased by 57.4 billion yen from the previous fiscal year to 4,462.5 billion yen due primarily to a decrease in revenue of Industrial Automation Systems segment, despite that revenue increased in Information and Communication Systems, Home Appliances, Energy and Electric Systems, and Electronic Devices segments.
  • Operating profit ratio decreased by 0.6% from the previous fiscal year to 5.8% due mainly to increased cost ratio.
  • Under these circumstances, the Mitsubishi Electric Group aims to uplift the profitability of its main businesses by promoting its global operations.

Automotive Navigation Systems Market Size Hit US$ 46.4 Bn by 2027

Friday, May 8, 2020 - 2:30pm

LOS ANGELES, May 8, 2020 /PRNewswire/ -- The global automotive navigation systems market size is projected to hit around US$ 46.4 Bn by 2027 and growing at a CAGR of 7.7% from 2020 to 2027.

Key Points: 
  • LOS ANGELES, May 8, 2020 /PRNewswire/ -- The global automotive navigation systems market size is projected to hit around US$ 46.4 Bn by 2027 and growing at a CAGR of 7.7% from 2020 to 2027.
  • However, factors such as high cost of products and availability of cost-effective alternative solution are expected to hamper the growth of global automotive navigation systems market.
  • The global automotive navigation systems market is segmented in to sales channel and vehicle type.
  • Players operating in the global automotive navigation systems market are Alpine Electronics, Pioneer, TomTom, Garmin, Apple, BMW, Ford, Fujitso Ten, Kenwood, Mitsubishi Electronics, and Panasonic.

Corporate Social Responsibility Related News Releases and Story Ideas for Reporters, Bloggers and Media Outlets

Friday, April 24, 2020 - 3:31pm

WASHINGTON -- Mitsubishi Electric America Foundation Announces $1.3m in Grants, Disaster Relief Support Source: Mitsubishi Electric America Foundation

Key Points: 
  • WASHINGTON -- Mitsubishi Electric America Foundation Announces $1.3m in Grants, Disaster Relief Support Source: Mitsubishi Electric America Foundation
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