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Mitsubishi Electric to acquire 80% stake in Fuji Bakelite Vietnam for FA JV · Endata

◂ Announcements

May 23, 2024ACQUISITIONoutskirts of Hanoi, Vietnam, Vietnam

Mitsubishi Electric to acquire 80% stake in Fuji Bakelite Vietnam for FA JV

Mitsubishi Electric will acquire an 80% stake in Fuji Bakelite Vietnam Co., Ltd. to form a joint venture named Mitsubishi Electric FP Automation Vietnam Co., Ltd., effective June 1, 2024, with production of air circuit breakers starting January 2025.

Status

Announced

Productslow-voltage circuit breakersair circuit breakers

CompaniesMitsubishi Electric Europe acquirer Fuji Bakelite Co., Ltd. target Fuji Bakelite Vietnam Co., Ltd. target

Sectors#Electrical Equipment #Automation and Robotics

“Establishing a JV company in Vietnam will enable Mitsubishi Electric to build a production system for low-voltage circuit breakers.”nasdaq.com

1 source
nasdaq.comMitsubishi Electric to Establish Vietnamese JV for FA Products | NasdaqMay 23, 2024

Summarized from public sources; check the original articles before acting on it.

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