| |
MITSUBISHI ELECTRIC RESTRUCTURES
NORTH AMERICAN MOBILE COMMUNICATIONS BUSINESS
TOKYO, September 14, 2001--Mitsubishi Electric Corporation
announced today that it has reviewed its North American mobile communications
structure, and has made a decision to restructure operations.
Details of Restructuring
- Mitsubishi Wireless Communications, Inc. (MWCI) will be dissolved
on March 31, 2002. Sales, marketing, and distribution will be
continued until that time.
- Mitsubishi Electric's Japanese and European business units
will develop and supply mobile handsets to the North American
market after April 1, 2002.
- Effective April 1, 2002, Mitsubishi Electric & Electronics
USA, Inc. (MEUS) will take over customer support and after-sales
services in the United States.
- All current MWCI employees will be released by March 31, 2002.
About Mitsubishi Wireless Communications Inc. (MWCI)
| Location: |
Duluth, Georgia USA |
| Business Activities: |
Development and sale of mobile handsets |
| Established: |
May 1995 |
| Employees: |
155 (As of August 2001) |
| Capital: |
US$15M |
| Investment ratio: |
Mitsubishi Electric Corp.: 86.7% |
| President & CEO: |
Masumi Kosaka |
| Sales: |
US$246M (2000 JFY) |
About Mitsubishi Electric & Electronics USA, Inc. (MEUS)
Mitsubishi Electric & Electronics USA, Inc. markets an extensive
line of consumer, commercial and industrial electronics products,
including semiconductor devices; Diamond Vision stadium display
screens; elevators and escalators; home theater electronics; heating
and air conditioning systems; automotive electronics, and other
products. Mitsubishi Electric & Electronics USA, Inc. is the
largest U.S. subsidiary of Mitsubishi Electric Corporation of Japan.
Additional information on Mitsubishi Electric & Electronics
USA, Inc. is available at www.mitsubishielectric-usa.com
About Mitsubishi Electric Corporation
With 80 years of experience in providing reliable, high-quality
products to both corporate clients and general consumers all over
the world, Mitsubishi Electric Corporation (FTSE: 6503q.l) is a
recognized world leader in the manufacture, marketing and sales
of electrical and electronic equipment used in information processing
and communications, space development and satellite communications,
consumer electronics, industrial technology, energy, transportation
and construction. The company has operations in 34 countries and
recorded consolidated group sales of over US$33BN in the year ended
March 31, 2001. Additional information on Mitsubishi Electric is
available at global.mitsubishielectric.com.
|
