05 December 2012

Mitsubishi Electric Establishes Sales Company in Indonesia

- Start-up in March 2013 and approx. 60 employees 
- Aims to raise consolidated annual sales in Indonesia to $300 mn 
- Help to strengthen links with current distributors and sales agents 

Tokyo - 05 December 2012 - Mitsubishi Electric Corporation announced today that it has established a sales company in Indonesia, named PT. Mitsubishi Electric Indonesia (Mitsubishi Electric Indonesia), to handle sales of air-conditioning systems, home appliances and factory automation (FA) beginning in March 2013. Combining sales from these three businesses with existing manufacturing and sales for automotive equipment and elevators & escalators, the Mitsubishi Electric Group aims to raise consolidated annual sales in Indonesia to some 23 billion yen, or 300 million US dollars, by the fiscal year ending in March 2016. 

The new company will help to strengthen links with current distributors and sales agents for expanded business in Indonesia, a priority market for Mitsubishi Electric. 

PT. Mitsubishi Electric Indonesia will be headquartered in Jakarta and will have a paid-in capital of approximately 500 million yen. It plans to start-up on 1st March 2013 and will have approx. 60 employees. 

Indonesia boasts the world's 18th largest GDP and the largest ASEAN economy. The country has the world's fourth largest population at 240 million, more than 40% of which is under 19 years of age. Domestic demand is expected to spur high rates of growth due to large-scale infrastructure projects and commercial building construction, attracting general contractors and manufacturers to enter the automotive and other sectors.

Source: Mitsubishi