about us | newsletter | contact | archive | members area
Michele Famis, French Ambassador to Romania
Romanian authorities have declared their intention to improve the absorption of EU funds»

Mitsubishi Electric Europe opens its first branch in Romania

Mitsubishi Electric Europe, through its Mitsubishi Electric Living Environmental Systems division, inaugurated its first branch in Romania, in Bucharest, thus strengthening the presence of the brand on the Romanian market.

2018-04-17 12:23:32

In 2017, the company′s sales share was about 10 million Euro, totaling ten per cent of the local air conditioning market.

In recent years, Mitsubishi Electric has doubled its market share for such electrical products, and in 2018 an increase in sales is expected.

"We have decided to strengthen Mitsubishi Electric′s presence in Europe by investing in Romania, as the local market has seen a spectacular evolution in recent years," said Andrea Veronese, general manager of Mitsubishi Electric Romania. "Moreover, the local economy has grown a lot and we consider that we have favorable conditions for strengthening the brand presence."

There are 0 comments:

Validation Code

0 Comments  |  793 Views
Daily Info
Vardinogiannis Group finalized the acquisition of Marfin Bank in Romania

Vardinogiannis Group, one of the most solid and well capitalized business conglomerates in Europe, finalized the acqusition of Marfin Bank, after receiving approval from the N...

Continental to list powertrain division mid-2019

Continental is moving ahead with an initial public offering of its powertrain unit and new corporate structure in the car-parts maker's biggest overhaul in decades.

Porsche Engineering Romania relocates its headquarters in Cluj-Napoca

Two years after its official opening event, Porsche Engineering Romania inaugurated its new headquarters in Vivido Business Center in Cluj.

Dacia posts half-year sales record

Dacia posted a half-year sales record in Europe with 281,225 vehicle registrations (up 14.6 per cent) and a record 2.9 per cent share of the market, according to world sales r...

Industry 4.0: EIB supports construction of new Arctic factory in Romania

The European Investment Bank (EIB) is lending 68 million Euro to white goods producer Arctic to finance the construction of a large-scale washing machine production plant feat...





More on