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Mitsubishi Electric to Invest $33 Million in Automotive Alternator Production Lines

Will increase production capacity of high-efficiency alternators for U.S. market

TOKYO, March 24, 2015- Mitsubishi Electric Corporation announced today it will invest approximately four billion yen, or approximately 33 million USD, in its subsidiary Mitsubishi Electric Automotive America, Inc. (MEAA) to expand and newly construct facilities for the increased production of high-efficiency alternators. The move is the latest step in an ongoing expansion of MEAA's North American market.

Mitsubishi Electric Automotive America, Inc.

Mitsubishi Electric Automotive America, Inc.

The U.S. market is expected to enjoy increased vehicle sales, including surging demand for fuel-efficient vehicles in the face of ever-stringent regulations concerning fuel efficiency.

MEAA began producing high-efficiency alternators at its plant in Mason, Ohio, where the company is headquartered, in 2014. The new additions will increase the production capacity for core parts used in these alternators, enabling MEAA to meet growing demand as it continues to expand its North American market.

New Expansion
Location Mason, Ohio, U.S.A.
Planned Addition 14,500 m2 (total floor space after expansion: 56,000 m2)
Structure Steel-framed one-story building
Operation January 2016
Mitsubishi Electric Automotive America, Inc.
Company Name Mitsubishi Electric Automotive America, Inc. (MEAA)
Headquarters Mason, Ohio, U.S.A.
Paid-in Capital 28 million USD
Foundation June 1987
Workforce 950 employees
Business Manufacture, sales and development of automotive electrical and electronic components