Mitsubishi Electric inaugurates new factory in Turkey

New investment is sign of trust in Turkish economy, political stability, Turkish minister says

By Ahmet Bayram

MANISA, Turkey (AA) - Japanese multinational electronics and electrical equipment manufacturer Mitsubishi Electric Corporation on Thursday inaugurated a new room air-conditioner production facility in Turkey's western province of Manisa.

Speaking at the opening ceremony, Turkey's Science, Industry and Technology Minister Faruk Ozlu stated that the country has become a center of attraction globally.

Ozlu added that Mitsubishi Electric's new investment was a sign of the trust in Turkish economy and political stability.

"Great economic success that Turkey gained during the recent years, its stable growth performance and rising trend of export volume helped Turkey to become secure, investee and strategic country," Ozlu said.

Masaki Sakuyama, chief executive officer and president of Mitsubishi Electric Corporation, said Turkey is already a prime market for the company and it has now become a vital production hub with new air-conditioner production facility.

Sakuyama stated that the company believes in Turkey's potential and power.

"Our new plant in Manisa Organized Industrial Zone will contribute to enhancing friendship between Turkey and Japan," he added.

The company will continue to contribute to Turkish people's prosperity by producing high quality and hi-tech air-conditioners both for Turkey and Europe and expanding its activities.

Arda Ermut, president of the Investment Support and Promotion Agency (ISPAT) of Turkey, also said that foreigners' investment in Turkey continues without decelerating.

"We have worked hard for this facility since 2013, including data provision for feasibility, bureaucratic follow-up, site selection support, and various meetings in Japan. We are more than happy to see all these efforts yield fruit today," he said.

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