Mitsubishi Electric Europe has launched its first subsidiary in Romania through Mitsubishi Electric Living Environmental Systems citing the favorable economic conditions and the growth of the local market.
Last year, the company recorded sales of around EUR 10 million, accounting for 10 percent of the market for air conditioning systems. For 2018, Mitsubishi forecasts additional growth of sales.
Yoji Saito, president and CEO of Mitsubishi Electric Europe, pointed out that the expansion in Romania marks the beginning of fresh growth in Eastern Europe.
Mitsubishi Electric Living Environmental Systems has been present on the local market through distributors since 1990.