# 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.

- Type: Acquisition
- Announced: 2024-05-23
- Where: outskirts of Hanoi, Vietnam, Vietnam
- Status: announced
- Products: low-voltage circuit breakers, air circuit breakers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Mitsubishi Electric Europe](https://endata.com/companies/6318.md) (acquirer)
- [Fuji Bakelite Co., Ltd.](https://endata.com/companies/77601.md) (target)
- [Fuji Bakelite Vietnam Co., Ltd.](https://endata.com/companies/77602.md) (target)

## Sources

- [nasdaq.com](https://www.nasdaq.com/press-release/mitsubishi-electric-to-establish-vietnamese-jv-for-fa-products-2024-05-23), 2024-05-23: "Establishing a JV company in Vietnam will enable Mitsubishi Electric to build a production system for low-voltage circuit breakers."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.