Mitsubishi to cease US large power transformer production
Mitsubishi Electric Corp. has said that it will stop producing large power transformers in the United States in February 2020.
The move reflects a shift in demand to midsize power transformers and the increased use of renewable energy, the Japanese company said.
Mitsubishi Electric will sell its power transformer factory in Tennessee to Hyosung Heavy Industries Corp. of South Korea for around $45 million.
The sale of the plant, which started operations in April 2013, is expected to be completed around mid-February next year.
After the sale of the plant, Mitsubishi Electric will export large power transformers to the United States from a factory in Ako in the western Japan prefecture of Hyogo.
Source: Nippon
Photo (for illustrative purposes): Mitsubishi , Tokyo Building / Wish.F / Wikimedia / CC BY-SA 3.0
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