Mitsubishi Electric to Add Second Production Building in Owariasahi, Aichi

TOKYO, June 20, 2023 - Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will invest an additional 42.5 billion yen to construct a second production building for the manufacture of factory automation (FA) control-system products at Owariasahi City, Aichi Prefecture part of its Nagoya Works campus. The initial investment, announced on March 28, 2022, was for a single production building due to start operations in April 2025. This plan is now being expanded to add a second production building with a planned start of operations slated for April 2027. Overall, this increases the total cumulative investment to 55.5 billion yen.