BY KERIM ULKER
The technology and manufacturing company Mitsubishi Electric Corporation will invest nearly TRY 167m (USD 18m) to renew its technology and increase its production capacity in Turkey, according to a statement by the company. With this investment, the combined annual production of air-to-water (ATW) heat pumps and room air conditioners will be raised from 500,000 units to one million units. The new production of ATW units will begin in August 2022 while room air conditioner production will start in October this year. Established in Manisa, Mitsubishi Electric Turkey Klima Sistemleri Uretim AS is Mitsubishi’s first room air conditioner production base in Europe. The production plant was established with an investment of nearly TRY 406m in the Manisa Organized Industrial Zone on a total area of 60,000 square meters, with a total workforce of 160 people.