Mitsubishi Electric Corp Could Open Plant in Romania-AGERPRES

AGERPRES reported that Mitsubishi Electric Corp is assessing the possibility of opening a plant in Romania, depending on the market demands, according to an Economy Ministry of Romania release remitted on May 9, 2013. Economy Minister Mr. Varujan Vosganian met on May 9, 2013 representatives of the management of Mitsubishi Electric Corp. The Company’s representatives mentioned they had been present on the Romanian market only through intermediary companies with a reduced market share of about USD 3 million and they wanted to enter this market directly, by opening a subsidiary. Mitsubishi Electric Corp also aims to promote the air conditioning appliances for the industrial sector and for household use, the infrastructure of visual information systems, the industrial mechanizations, the semiconductors and the auto parts. Minister Varujan Vosganian underscored the support that the Ministry can grant to some investment projects in production activities, by facilitating the purchase/rental of production spaces in the industrial parks and even fiscal facilities for investments.