Printer Friendly

Mitsubishi Electric to Revise Prices of AC Servo Motors and CNCs.

TOKYO -- Mitsubishi Electric Corporation (TOKYO:6503) announced today that it will raise the worldwide prices of its general-purpose AC servo motors and computerized numerical controllers (CNCs) due to the soaring prices of rare-earth minerals. AC servo motors and CNCs are widely used to control industrial machinery and other automation equipment.

As a result of China's regulation on rare-earth mineral exports, prices have risen significantly for neodymium, a key material for AC servo motors, and other rare-earth resources. Despite Mitsubishi Electric's intense efforts to further strengthen production efficiency, it is no longer possible for the company to fully absorb the excessive increases in its material costs.

In Japan, the prices of general-purpose AC servo motors will rise by 20 percent and CNCs, which includes the CPU, display terminal input/output unit, drive-unit and other equipment comprising the system, by 10 percent for orders received on January 4, 2012 or later. Customers with inquiries on rate increases in other countries should contact the company's local sales offices or refer to the following websites:

General-purpose AC servo motors: www.MitsubishiElectric.com/products/industry/drive CNCs: www.MitsubishiElectric.com/products/industry/cnc

About Mitsubishi Electric Corporation

With 90 years of experience in providing reliable, high-quality products to both corporate clients and general consumers all over the world, Mitsubishi Electric Corporation (TOKYO:6503) is a recognized world leader in the manufacture, marketing and sales of electrical and electronic equipment used in information processing and communications, space development and satellite communications, consumer electronics, industrial technology, energy, transportation and building equipment. The company recorded consolidated group sales of 3,645.3 billion yen (US$ 43.9 billion*) in the fiscal year ended March 31, 2011. For more information visit http://www.MitsubishiElectric.com

*At an exchange rate of 83 yen to the US dollar, the rate given by the Tokyo Foreign Exchange Market on March 31, 2011
COPYRIGHT 2011 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2011 Gale, Cengage Learning. All rights reserved.

 
Article Details
Printer friendly Cite/link Email Feedback
Comment:Mitsubishi Electric to Revise Prices of AC Servo Motors and CNCs.
Publication:Business Wire
Geographic Code:9JAPA
Date:Nov 11, 2011
Words:356
Previous Article:Law Office of Brodsky & Smith, LLC Announces Investigation of American Dental Partners, Inc.
Next Article:Mediaspace Solutions Announces iPad/Tablet Advertising Capabilities.
Topics:

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters