Mitsubishi aims to grow rail business 50%
JAPAN: A strategy to double international business and generate a 50% overall increase in rail sector sales from ¥150bn at present to ¥230bn in the year ending March 2016 was announced by Mitsubishi Electric Corp on January 8.
The development of energy saving products including more efficient inverters, air-conditioning and regenerative braking will enable the company to benefit from a growing awareness of environmental factors.
It aims to achieve stable sales in the Japanese rolling stock market, where it has a 30% market share, and will expand its monitoring, control, safety and energy storage activities. Overseas Mitsubishi intends to expand in the Americas, China and emerging markets, and plans to take part in high speed rail projects.