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Wednesday, 7 February 2018, 10:56 HKT/SGT
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Source: Mitsubishi Heavy Industries, Ltd.
MHI: Third Factory and Electrical Components Plant Completed at Thai Joint Venture MACO
- Mitsubishi Heavy Industries Thermal Systems Expands Production to Strengthen Global Business Development for A/C Units -

- Completion ceremony held on February 7
- Expansion in production capacity to increase production to 2.7 million pieces by fiscal 2020, a 30% increase compared to fiscal 2015
- Total investment of approximately Yen3.0 billion

TOKYO, Feb 7, 2018 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) Group company, Mitsubishi Heavy Industries Thermal Systems, Ltd. (MTH), has expanded production at Mitsubishi Heavy Industries-Mahajak Air Conditioners Co., Ltd. (MACO), its joint venture company in Thailand to manufacture and sell residential and commercial use air conditioning systems. Facilities at the two existing factories have been expanded and upgraded, and construction completed and production begun at a new third factory and electrical assembly works. The aim of the capacity expansion is to further develop MACO to be a central production facility to meet growing demand worldwide for residential and facommercial air conditioners, especially in Asia.

A completion ceremony was held at the factory site on February 7, attended from MHI by Kazuaki Kimura, Senior Executive Vice President, President and CEO of Industry & Infrastructure business domain, from MTH by Senior Executive Vice President Kimiharu
Takeda, and from the Mahajak Group, the local partner in MACO, Chairman Chavalit Kanchanachayphoom. MACO President Masahiko Sasakura. These guests and other officers cut the ribbon to open the new facilities.

A completion ceremony was held at the factory site on February 7. MACO President Masahiko Sasakura was accompanied by guests from MHI by Kazuaki Kimura, Senior Executive Vice President, President and CEO of Industry & Infrastructure business domain, from MTH by Senior Executive Vice President Kimiharu Takeda, and from the Mahajak Group, the local partner in MACO, Chairman Chavalit Kanchanachayphoom to cut the ribbon to announce the open of the new facilities.

MACO was established in 1988, and has production facilities in the Ladkrabang Industrial Estate in the suburbs of Bangkok. Total investment for the production expansion was approximately Yen3.0 billion. Of the two newly-built facilities, the third factory will manufacture plastic and sheet metal parts for residential and commercial air conditioners, while the electrical assembly works will mount the electric parts on the electrical boards, which is one of the key components of air conditioners.

The increase in production capacity is expected to boost production volume to 2.7 million pieces by fiscal 2020, a 30% increase compared to fiscal 2015. It will also enhance productivity through changes in facilities and production methods, and synchronization of assembly, as well as strengthen cost competitiveness and reduce inventories of work in process and finished products.

Mitsubishi Heavy Industries Thermal Systems focuses on establishing an optimal production structure, such as this investment to expand production and enhance efficiency at MACO, in order to secure a competitive advantage in world markets. At the same time, as a specialist heating and cooling company, it is dedicated to developing highly competitive products that make everyday lives better for people, offering innovative thermal solutions, and contributing to the conservation of the global environment.


About Mitsubishi Heavy Industries, Ltd.

Mitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial firms. For more than 130 years, we have channeled big thinking into solutions that move the world forward - advancing the lives of everyone who shares our planet. We deliver innovative and integrated solutions across a wide range of industries, covering land, sea, sky and even space. MHI Group employs 80,000 people across 400 locations, operating in three business domains: "Power Systems," "Industry & Infrastructure," "Aircraft, Defense & Space." We have a consolidated revenue of around 40 billion U.S. Dollars. We aim to contribute to environmental sustainability while achieving global growth, using our leading-edge technologies. By bringing people and ideas together as one, we continue to pave the way to a future of shared success.

For more information, please visit MHI's website: https://www.mhi.com
For Technology, Trends and Tangents, visit MHI's new online media SPECTRA: https://spectra.mhi.com

Contact:
Joseph Hood, PR Manager
Mitsubishi Heavy Industries, Ltd.
Email: mhi-pr@mhi.co.jp
Tel: +81-(0)3-6716-2168
Fax: +81-(0)3-6716-5860



Feb 7, 2018 10:56 HKT/SGT
Source: Mitsubishi Heavy Industries, Ltd.

Topic: Press release summary
Sectors: Engineering
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