Tokyo, August 1, 2012 - Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has established a new company in Sao Paulo, Brazil to strengthen its computerized numerical controller (CNC) business in the Brazilian market. The new company, MELCO CNC do Brasil Comèrcio e Serviços S.A., will target annual sales of USD 25 million by March 2016.
In July, 2012, in order to quickly position itself to meet rapidly growing demand in the Brazilian market, Mitsubishi Electric signed a business transfer agreement to purchase the CNC sales and service division of Automotion Industria, Comèrcio Importacao e Exportacao Ltda., a local sales and service agency with high technical capabilities that has provided Mitsubishi Electric CNCs and factory automation products and components to Brazilian machine tool manufacturers for the past 20 years.
The newly established company will expand local sales and service capabilities by increasing personnel, including Japanese staff from Mitsubishi Electric, further enhancing Mitsubishi Electric's ability to provide local servicing for the rapidly increasing number of machine tools imported from countries such as Japan and Taiwan. MELCO CNC do Brasil Comèrcio e Serviços also intends to establish regional offices in southern and northeastern Brazil, regions that are expected to enjoy high economic growth following Sao Paulo State.
Building on this existing business base, Mitsubishi Electric will position the new company within its global service network as an important hub in South America, strengthening its business structure in the region.
Mitsubishi Electric Launches New Automation Company in Brazil
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