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Mitsubishi Electric is investing $143 million to retrofit its Maysville, Kentucky factory to make variable-speed heat pump compressors, with production expected from October 2027 and an estimated capacity of 1,000,000 compressors per year. The US Department of Energy awarded $50 million to MELCO HVAC US for the project.
Mitsubishi Electric established MELCO HVAC US, Inc. under its US holding company to convert a Mitsubishi Electric Automotive America plant in Maysville, Kentucky into a compressor factory. The investment is about $143.5 million, with production planned to start in October 2027 at a capacity of 1 million units per year.
Mitsubishi Electric will invest US$143.5 million to retrofit its Maysville, Kentucky factory to make variable-speed heat pump compressors, with production targeted for October 2027 and initial annual capacity of 1,000,000 compressors. The U.S. Department of Energy is providing a $50 million award.
Mitsubishi Hitachi Power Systems received a full-turnkey EPC order from a Gulf Energy and Mitsui joint venture for a 5,300MW natural-gas combined-cycle plant near Bangkok, with a long-term service agreement, announced on 9 February 2018.
Mitsubishi Electric India signed an MoU with the Tamil Nadu government for a Rs 1,891 crore air-conditioner and compressor factory in Peruvoyal Village, Thiruvallur District, on a 52-acre site. The plant is targeted to start production in October 2025 and create more than 2,000 jobs.
MHI Vestas signed a conditional agreement with Mitsubishi Electric Europe, with Shihlin Electric producing 66kV high voltage switchgear at its Hsinchu factory for delivery from 2022. The contract meets Taiwan's local production requirements.
Ingersoll-Rand and Mitsubishi Electric Corporation agreed to establish a 50-50 joint venture for ductless and VRF HVAC systems, pending global antitrust review. The agreement was reported on January 17, 2018.
Mitsubishi Electric announced the acquisition of the Power Device Sales Business of US company Powerex, with completion expected in January 2018.
