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Mitsubishi Electric establishes Turkish office

JAPAN: Mitsubishi Electric has established a direct presence in Turkey to act as a base to expand and support its business in Turkey and surrounding regions.
Mitsubishi Electric establishes Turkish office
Mitsubishi Electric Turkey A.Ş will support current business which includes air conditioning, factory automation and infrastructure-related products such as satellites, elevator/escalators and electrical equipment for railcars. Sales were approximately $112m last year.

Turkey's nominal GDP was the world's 18th largest in 2011 at $774bn, thanks to spending by the country's growing middle class and a large working population. Turkey's real GDP growth rate was also high at 8.5% in 2011 and steady growth of 2-4% is predicted in 2012 and beyond.

Mitsubishi Electric says it has positioned Turkey as a priority market based on this growth potential.

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