Mitsubishi Electric to Establish Industrial Automation Company in the Philippines

 Mitsubishi Electric Corporation (TOKYO: 6503) announced today the planned establishment of a new company, MELCO Factory Automation Philippines Inc. (MELAP) in the Philippines, to further expand Mitsubishi Electric’s factory automation (FA) business in the country, which is already experiencing significant growth. MELAP will be jointly established by Mitsubishi Electric, Setsuyo Astec Corporation (STC) and Integrated Factory Automation Inc. (IFA), a FA product distributor and long-time partner of Mitsubishi Electric in the Philippines. The new company, which will start operating from June 2019, will provide sales and technical service for FA products. 
Robust growth is expected in the Philippine industrial automation market, particularly in the electronics and food & beverage industries, as well as in connection with active investment in infrastructure. Mitsubishi Electric has been providing sales and technical support for FA products to customers in the aforementioned industries through local distributors such as IFA. MELAP is expected to improve customer satisfaction and enhance Mitsubishi Electric’s local FA business. Specifically, it will boost technical service capabilities in cooperation with Mitsubishi Electric’s global service network and will also strengthen solution offerings to meet automation and IoT demands.

President: Albert Wang
Location:  Manila, Philippines
Ownership:  Mitsubishi Electric (40%), STC (20%) and IFA(40%)
Capital:  PHP 126 million
Establishment:  May 2019 (planned)
Start of operation:  June 2019 (planned)
Employees:  Approximately 60
Business:            
-              Sales and technical support for Mitsubishi Electric industrial automation products (FA products and processing machines)
-              Technical support for Mitsubishi Electric CNC
 

President&CEO:  Motokazu Inaba
Location:  Kita-ku, Osaka, Japan
Capital:  JPY 90 million
Establishment:  December 3,1964
Employees:  Approximately 140
Business: 
Sales and supply of electric equipment in Asia, including:
-Factory automation products, and low- and high-voltage power distribution and control products
-Visual information equipment, semiconductors and electronic devices, electronic components and various industrial products and materials.