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KUALA LUMPUR, May 24 (Bernama) — Mitsubishi Electric Corporation announced it will acquire an 80 per cent stake in Fuji Bakelite Vietnam Co Ltd in the outskirts of Hanoi, a subsidiary of Fuji Bakelite Co Ltd in Okayama Prefecture, Japan.
The new joint venture (JV) company, to be named Mitsubishi Electric FP Automation Vietnam Co Ltd will be established on June 1 and will begin production of air circuit breakers from January 2025, in addition to the current company’s existing line of small low-voltage circuit…
