Tokyo, Japan—Mitsubishi Electric Corp. and Toshiba Corp. recently unveiled their new joint venture company, Toshiba Mitsubishi-Electric Industrial Systems Corp., which will integrate their businesses in industrial electric and automation systems for manufacturing plants, and begin operations on Oct. 1, 2003.
Tokyo, Japan— Mitsubishi Electric Corp. and Toshiba Corp. recently unveiled their new joint venture company, which will integrate their businesses in industrial electric and automation systems for manufacturing plants. The new company, tentatively named Toshiba Mitsubishi-Electric Industrial Systems Corp., will begin operations on Oct. 1, 2003. Presently, Isamu Matsuyama, Mitsubishi’s former managing director, is scheduled to become president of the new company.
The Tokyo-based joint venture will handle sales, engineering, installation and servicing of industrial electric and automation systems. These include industrial supervisory control, drive and power distribution systems used in steel, pulp and paper, petrochemical, automobile, food and other manufacturing plants.
The partners say their new company will bring together all key functions in their respective businesses, including development, manufacturing and engineering, sales, installation and services, which will integrate the assets of the relevant divisions of each partner. These include TMA Electric Corp., another joint venture by Mitsubishi and Toshiba for large capacity motors, and Toshiba GE Automation Systems Corp., which is a Toshiba subsidiary in Japan.
In addition, GE Toshiba Automation Systems LLC, presently a U.S. joint venture between Toshiba and General Electric Co., will become a subsidiary of the new company. The new firm’s combined operations are expected to promote overall competitiveness and a global presence, as well as support an operating structure that will position the new entity as a leading system integrator in industrial electric and automation systems.
Toshiba Mitsubishi-Electric Industrial Systems will start with approximately 2,200 employees and
Control Engineering Daily News Desk
Jim Montague, news editor
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