Mitsubishi Heavy Industries Ltd. said Tuesday it will set up a wholly owned subsidiary in Mexico City in late April to step up business activities in Central America.
The move is designed to boost marketing efforts for Mitsubishi's electric power plants and other large production facilities.
It is also aimed at meeting anticipated growth in Mexican demand for machinery such as injection-molding machines, sheet-fed and web offset presses, machine tools and forklifts.
The subsidiary, Mitsubishi Heavy Industries de Mexico, S.A. de C.V., will be capitalized at about 94 million yen.