Mitsubishi Electric to Establish Heat Pump Compressor Factory in the U.S.
MITSUBISHI ELEC UNSP/ADR (MIELY)
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Source: Business Wire
Expanding production in key growth areas to grow A/C and refrigeration businesses TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that it will invest U.S.$ 143.5 million to retrofit a U.S.-based factory to make variable-speed compressors that are a key component of high-efficiency heat pumps. As part of Mitsubishi Electric US Holdings, Inc., the Maysville, Kentucky-based factory of Mitsubishi Electric Automotive America, Inc. currently manufactures and sells automotive electrical equipment. Production of the compressors, targeted to start in October 2027, is expected to help the company meet growing demand in the United States for low-greenhouse-gas-impact and energy-efficient HVAC solutions. Initial estimated annual capacity will total 1,000,000 compressors.When complete, the revamped factory will represent the first time that variable-speed compressors using twin rotary technology for highly efficient ductless heat pumps will be manufactured i
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