TOKYO (Sept. 25, 2014) – Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC) has formed a new manufacturing subsidiary in North America, TMEIC Power Electronics Products Corporation, to manufacture photovoltaic (PV) inverters and medium-voltage (MV) variable frequency drives in North America. Fabrication of PV inverters will commence in fall 2014, followed by MV drives in spring 2015 at the Houston, Texas-based facility. The new company aims at $20 million in revenue in fiscal year 2015 and $50 million in fiscal year 2017. The factory's production will start with Solar Ware cUL certified PV Inverters and cUL-certified 4.16 kV TMEIC MV Drives. These products will be included in the portfolio of TMEIC Corporation, which focuses on North and South American industrial markets, including oil and gas, solar energy, power generation, chemicals, mining, metals, cranes and pulp and paper. “This new production capacity is TMEIC's most recent commitment to serving North American industries,” said Kiyotaka Machida, president and CEO of TMEIC. “We will continue to integrate our latest and most advanced technologies developed in our power electronics business into the Houston factory in order to satisfy customers' needs. This new factory is one of a series of enhancements to our global production and supply network being developed all over the world, including the Americas, India and China.” TMEIC, headquartered in Tokyo, Japan, was formed in 2003 from the merger of the industrial systems divisions of Toshiba Corporation and Mitsubishi Electric Corporation. TMEIC manufactures and sells variable frequency drives, motors and advanced automation systems for a range of industrial applications. TMEIC Corporation, headquartered in Roanoke, Virginia, designs, develops and engineers advanced automation, large AC machines and variable frequency drive systems.
Thu, 09/25/2014 - 00:00