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Mitsubishi Electric acquired 42,000 square meters of land in Owariasahi City, Aichi Prefecture, Japan to establish a new production site for factory automation control system products. The company will invest approximately 13 billion yen (approx. 110 million USD) and the factory is expected to start operations from April 2025.
“Demand from the manufacturing industry for FA products is expected to show a medium- to long-term growth, particularly in digital sectors, such as semiconductors, electronic components and data centers, as well as for decarbonization-related areas such as lithium-ion batteries.”us.mitsubishielectric.com
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