2016-03-10

Mitsubishi

Electric Corporation (TOKYO:6503) announced today that it has been

awarded its first contract with Siemens AG for railcar air-conditioning

systems, which will be used in Desiro High Capacity railcars on the

Rhine-Ruhr express (RRX) train network that connects cities and

provinces in Germany’s North Rhine-Westphalia region. Mitsubishi

Electric will deliver 328 air-conditioning systems (82 trainsets

totaling 164 cars) worth approximately 1.7 billion yen, or approximately

US$ 15 million.

Siemens favorably evaluated Mitsubishi Electric’s high reliability and

extensive track record in delivering railcar air-conditioning systems,

as well as its status as the first Japanese manufacturer of such systems

to be certified under the International Railway Industry Standard (IRIS)

in 2010.

Tetsuya Takahashi, head of the Transportation Systems business at

Mitsubishi Electric Europe, said: “Mitsubishi Electric considers Europe

to be a key market with the highest demand in the world. This contract

will not only enable us to bolster our presence on the continent, but

also increase our links with car-builders, railway operators and other

local customers.”

In April 2014, Mitsubishi Electric established a new division for the

Transportation Systems business at Mitsubishi Electric Europe B.V., a

sales subsidiary, to strengthen local sales and after sales. At the same

time, it also launched Mitsubishi Electric Klimat Transportation Systems

S.p.A. to strengthen production and after sales of railcar

air-conditioning systems in Europe. Mitsubishi Electric also acquired

this year a 49-percent stake in MEDCOM Sp. Z o.o., a railway vehicle

electrical equipment manufacturer based in Poland.

Mitsubishi Electric continues to win contracts for transportation

systems in Europe, including an order received in 2014 from Deutsche

Bahn AG for traction systems worth approximately 3 billion yen. The

company became the first Japanese manufacturer of railcar main

transformers to receive IRIS certification in January of this year.

Going forward, Mitsubishi Electric expects to continue expanding its

transportation business in Europe.

For the full text, please visit: http://www.mitsubishielectric.com/news

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