Mitsubishi Electric

Mitsubishi Electric

The history of Mitsubishi Electric is the history of the development of modern Japan. The company was founded in 1921 when Mitsubishi Shipbuilding (now Mitsubishi Heavy Industries) spun off a factory in Kobe, Japan, into a new company called Mitsubishi Electric Corporation. In that year, the new company entered the consumer industry by manufacturing and selling electric fans, which became a hot product. Over the next decade, the company successfully achieved the signing of major contracts, including the development of electrified railway substations. In the 1930s, Mitsubishi Electric began manufacturing, installing and maintaining elevators and escalators as well as producing power generation equipment. The company continued to grow and by 1960 had become one of Japan's most innovative diversified electrical equipment manufacturers. In the early 1960s, the company also turned its attention to environmentally conscious manufacturing technology - several years before environmental concerns became a serious prob