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Mitsubishi Motors To Invest Seven Billion Baht In Its Thailand Facility

Mitsubishi Motors To Invest Seven Billion Baht In Its Thailand Facility

Mitsubishi Motors Corporation (MMC) will be investing ¥25 billion (7.08 billion baht) in its Laem Chabang production facility to enhance its car production efficiency and maintain the facility as its largest manufacturing center outside of Japan.

This is following the announcement that the company has passed the milestone of exporting four million vehicles from Thailand and has obtained the Board of Investment privileges for plug-in HEV investment applications worth 3.1 billion baht in March.

“Of the total budget, ¥12 billion is allocated to improve the car paint factory in Laem Chabang, where Mitsubishi has yet to upgrade the production efficiency for over 20 years. The remaining Y13 billion will go towards modernisation of the production lines, including incorporation of robots to raise efficiency and lower costs,” said Osamu Masuko, chairman of MMC.

“This improvement is meant to raise efficiency, ability and productivity at MMC’s manufacturing facility in Thailand to make vehicles for the global market,” he continued.

Mitsubishi will be assembling its plug-in hybrid cars in the Laem Chabang plant, the first in Southeast Asia. This is aligned with the goal to produce eco-friendly vehicles and the company aims to sell 3,000 plug-in hybrid cars in 2020.

Thailand continues to be an important hub in Mitsubishi Motors’ global operations and the company will continue to strengthen its operations as a key player in the ASEAN region.

 

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Schaeffler And Mitsubishi Electric Announce Global Strategic Partnership

Schaeffler And Mitsubishi Electric Announce Global Strategic Partnership

Mitsubishi Electric Corporation and Schaeffler Technologies AG & Co. KG announced a global strategic partnership as part of the [email protected] Alliance network. Since 2010 both companies have been partners in the [email protected] Alliance, which is part of Mitsubishi Electric Corporation’s [email protected] Concept. This concept supports companies with measures within the framework of the digital transformation, such as the integration of machine and plant data into MES (manufacturing execution systems) and ERP (enterprise resource planning systems).

Industry 4.0 scenarios are characterised by highly individualised products in very flexible manufacturing conditions. Along with production technology, Industry 4.0 also comprises digitally connecting components and machines. Dr. Stefan Spindler, CEO Industrial of Schaeffler AG, explained: “To provide Industry 4.0 solutions with substantial added value for the customer we need collaboration across different companies. With the technological expertise and systems know-how of Schaeffler and Mitsubishi Electric teamed up in this global strategic partnership, we will be able to offer intelligent solutions tailored to customer and market requirements to optimise manufacturing operations and equipment lifecycle costs.”

Mr. Noriyuki Shimizu, Executive Officer and General Manager of Factory Automation Overseas Division at Mitsubishi Electric, added: “Over the last years, we have successfully carried out joint projects in various countries in Europe and Asia. Now, we intend to intensify and expand our collaboration on a global level.” Schaeffler and Mitsubishi Electric collaborate to boost connectivity and to create Industry 4.0 solutions that reduce machine downtime and maximise productivity for the customer. For example, the machine protocol SLMP (seamless message protocol) implemented in Schaeffler condition monitoring systems enables vibration sensors to communicate bidirectionally with Mitsubishi Electric’s programmable logic controller and to transmit the characteristic values determined. The PLC processes the data into information, which is prepared as plain text messages and shown on a display. An additional integration level also allows the condition monitoring system to be connected with the PLC of the relevant plant via a network cable and Modbus protocol.

Schaeffler contributes concepts that combine mechatronic products, condition monitoring systems, and digital services to form application-specific 4.0 solution packages. These provide the basis for the creation of customised products and services whose main focus is always on the effectiveness of the overall system.

Mitsubishi Electric Corporation offers a vast range of factory automation and processing technologies, including programmable logical controllers (PLC), inverters, robots, servo-drives and HMI, helping to bring higher productivity and quality to the factory floor.

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Mitsubishi To Export Philippines Manufactured Units To ASEAN

Mitsubishi To Export Philippines Manufactured Units To ASEAN

According to the Philippines Department of Trade and Industry (DTI), Mitsubishi Motors Philippines Corp. (MMPC) would start exporting locally produced vehicles to different parts of Southeast Asia in 2019 and the company has also expressed a desire to help develop the local electric vehicle industry.

In particular, MMPC would be exporting the Mirage and L300 units in a bid to address the Philippines’ worsening trade deficit as well as the decreasing revenues in the entire local vehicle industry. Currently, MMPC is producing Mirage and Mirage G4 units domestically under the multibillion-peso Comprehensive Automotive Resurgence Strategy (CARS) programme, which is an initiative under the Aquino administration that aims to produce a total of 200,000 car units by 2023.

Regarding the export of MMPC manufactured vehicles, Trade Secretary, Ramon Lopez, has said, “We keep saying that building an export manufacturing base is the way to go. It is also a good import substitution strategy. Through this initiative, we will address the trade imbalance and provide more jobs to our countrymen.”

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Vietnam Experiences Influx Of Japanese Investments

Vietnam Experiences Influx Of Japanese Investments

Experts have projected that the strengthened bilateral ties between Japan and Vietnam as well as Vietnam’s high economic growth and enhanced business environment will attract an influx of Japanese investments.

During Vietnamese Prime Minister Nguyen Xuan Phuc’s recent visit to Japan, wherein he met with Japanese companies such as All Nippon Airways Co., Ltd, AEON Co Ltd., Mitsubishi UFJ Financial Group, Mitsui and Mitsubishi, sentiments were strong on the part of the Japanese investors regarding their interest in investing in Vietnam. With Japanese companies stating that they have plans to invest billions of US dollars in Vietnam, across a diversity of sectors.

Seiji Imai, Head of Mizuho Bank for Asia and Oceania has also commented that Vietnam is the first destination for overseas investments in Japan and the country could be experiencing a new wave of investments from small and medium Japanese enterprises with advanced technologies that are looking to enter the domestic market. Furthermore, he believes that the country will experience two waves of investments from Japanese firms with the first wave being attributed to large manufacturing companies and the second to follow shortly thereafter.

Umeda Kunio, the Japanese Ambassador to Vietnam has told the local media that many Japanese companies are very interested in conducting business in Vietnam in areas such as urban development. This can be witnessed with projects in the northern part of Hanoi as in the case of the the Binh Duong project, subway route No.1 in Ho Chi Minh City, and subway routes 1 and 2 in Hanoi.

Currently, Vietnam ranks as the third country in a recent survey on the overseas deployment of Japanese manufacturing companies by the Japan Bank for International Co-operation, and second in the same survey if only small and medium companies are taken into consideration as observed by Mr Kunio.

In a survey conducted last year by the Japan External Trade Organization (JETRO), up to 70 percent of Japanese companies that are currently operating in Vietnam have expressed an interest to expand operations within the country, which is a relatively high percentage compared to other countries in ASEAN. Additionally in a Japanese survey questioning participants about countries and territories for potential expansion agendas, the number of companies choosing Vietnam has been observed to increase over three consecutive years.

According to Mr Kunio, the attractiveness of Vietnam as an investment destination can be attributed to its market potential, relatively low cost yet diligent workforce and political stability. Based on numerous economic forecasts, Vietnam’s economic growth is projected to remain high in 2018, and Japanese investment into Vietnam this year is also expected to be corresponding high. A trend that is also backed by reports from the Foreign Investment Agency.

As of 20 September this year, Japan had 3,900 valid investment projects that are worth a total registered capital of US$55.78 billion in Vietnam. Similarly, up till September of this year, Japan has been recorded as Vietnam’s largest foreign investor, with total investment capital of US$7 billion.

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Vietjet To Finance Fleet Expansion With Foreign Investment

Vietjet To Finance Fleet Expansion With Foreign Investment

Vietnamese budget carrier, Vietjet, has signed two agreements worth a total of US$1.2 billion with Mitsubishi UFJ Lease & Finance Company Limited (MUL) and BNP Paribas in order to fund its fleet expansion plans which includes the acquisition of up to five brand new aircrafts, costing a total of US$614 million.

The signing ceremony was witnessed by the Vietnam Prime Minister Nguyen Xuan Phuc and also included the signing of a memorandum of understanding worth US$625 million between Vietjet and Natixis, a French banking group, as well as several Japanese equity underwriters.

These deals have been made under a financial plan whereby Vietjet would claim future ownership of the aircrafts and the acquisition of the new aircrafts, which includes the A321neo aircraft, are also acknowledged as part of a contract signed earlier between Vietjet and Airbus.

Currently, Vietjet operates 60, A320, A321 aircrafts and operates more than 385 flights daily, carrying more than 65 million passengers across 101 routes to destinations such as Vietnam, Japan, Hong Kong, Singapore, South Korea, Taiwan, China, Thailand, Myanmar, Malaysia and Cambodia.

Moving forward, Vietjet has announced plans to develop three new routes linking Vietnam with Japan in the coming three months which would facilitate the growth of tourism and trade between the two countries and across the region. The new routes include Osaka-Hanoi, Osaka-Ho Chi Minh City and Tokyo-Hanoi.

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Mitsubishi Motors Increases Its Production Capacity In Indonesia

Mitsubishi Motors Increases Its Production Capacity In Indonesia

TOKYO: Mitsubishi Motors has announced that it is to increase the production capacity at its state-of-the-art manufacturing facility in Bekasi, Indonesia in response to strong demand for the XPANDER crossover MPV in Indonesia and export markets.

The expansion will increase capacity to 220,000(*) units from the current 160,000(*) units by fiscal year 2020.

The expansion represents an investment of around 4 billion Yen and will see an extra 800 people employed at the Bekasi plant, taking the total number of staff up to 4,100.

The production volume of XPANDER will rise from 115,000 units to 160,000 units by fiscal year 2020.  Exports will rise from 30,000 units to 50,000 units to feed demand from overseas markets including ASEAN countries.

In addition, the XPANDER’s engine will be produced in Nissan Motor Indonesia (NMI), a local production subsidiary of Nissan Motor Co., Ltd. This will increase the localised parts ratio of XPANDER to about 80 percent from the current 70 percent and have beneficial economic effects on the local supply chain. The expansion of NMI facility will mean 160,000 units of the engine will be produced annually.

Since its launch last August, the XPANDER has accumulated 100,000 orders in Indonesia by the end of September 2018. In March and July this year, it was ranked No.1 in Indonesia’s sales volume ranking, and has received the Car of the Year 2018 from the OTOMOTIF newspaper in March and FORWOT Car of the Year 2018 from Automotive Journalist Forum in September.

By expanding its Indonesian business, Mitsubishi Motors is committed towards continuously contributing to the economic growth in Indonesia.

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Mitsubishi MR-J4-GF Servo Amplifier

Mitsubishi MR-J4-GF Servo Amplifier

The MR-J4-GF servo amplifier by Mitsubishi Electric Automation has been integrated with safety features of CC-Link IE Field, an open, 1-gigabit industrial Ethernet automation network, facilitating industrial communication.

With these features and the optional MR-D30 card, the servo amplifier meets international safety standards for Category 4 PLe SIL3. The 1-gigabit-per-second data transfer rate is said to provide the speed and capacity for Industry 4.0.

Other features include one-touch tuning and 2.5-kHz speed frequency response to reduce settling time and minimize overshooting. It contains a failure prediction and diagnosis function that monitors and detects age-related changes in machine performance based on its friction and vibrations.

 

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Mitsubishi Inks Electric Vehicle Deal With Vietnam

Mitsubishi Inks Electric Vehicle Deal With Vietnam

Hanoi, Vietnam: Japanese Automaker Mitsubishi Motors Corporation has signed a memorandum of understanding (MoU) with the government of Vietnam to research and develop electric vehicle (EVs) in the country.

The Japanese automaker Mitsubishi Motors Corporation will work with the Vietnam Industry Agency under the Ministry of Industry and Trade to conduct a joint study of efficient Electric Vehicle usage as well as the public policy programs and incentives that could support the accelerated adoption of sustainable automotive technology.

“We are delighted to conclude the MOU with Mitsubishi Motors as our important partner. This joint study is a very important milestone to promote the transition of a low carbon economy,” said Tran Tuan Anh, Vietnam’s Minister of Industry and Trade.

Vietnam is seeking ways to reduce carbon dioxide emissions and to produce cleaner air and greener cities. The Japanese automaker is considering another joint Electric Vehicle study in other cities in Vietnam as a testbed for environmentally conscious policies.

“We look forward to sharing (our) expertise in electric vehicles and exploring how government policy can support the adoption of this transformative technology,” said Kozo Shiraji, executive vice president, Mitsubishi Motors.

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