Expansion of the North American motor core business through the establishment of a subsidiary in Mexico
First written in FY2024-Q1. 3 of 4 entries say "Advanced", first in FY2024-Q3. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026AdvancedAnnual report
「Mitsui High-tec Mexicana S.A. de C.V. was established on 11 August 2023 and is preparing to begin mass production of motor-core products.」
The company stated that, following the establishment of the Mexican subsidiary, it had moved into the preparation phase for the start of mass production of motor cores. - 2026-03-11AdvancedRevision of earnings forecasts
「Mitsui High-tec Mexicana S.A. de C.V. was established on 11 August 2023 and is preparing to begin mass production of motor-core products.」
The company reported that its Mexican subsidiary, following its establishment, is preparing to begin mass production of motor-core products. - FY2024-Q3AdvancedAnnual report
「During the third quarter of the current fiscal year, the Company established the consolidated subsidiary ミツイ・ハイテック（ノースアメリカ）インコーポレイテッド in Michigan, United States, for the sale of motor cores, and the consolidated subsidiary ミツイ・ハイテック（メヒカーナ）エス・エー・デ・シー・ブイ in Guanajuato, Mexico, for the manufacture and sale of motor cores.」
Regarding the Mexican subsidiary for which a plan had been presented in the previous fiscal year, the company actually established a subsidiary to manufacture and sell motor cores. - FY2024-Q1First statedAnnual report
「In view of expected further expansion of the electric vehicle market in North America, the company resolved at a board meeting in May 2023 to establish a subsidiary in Guanajuato, Mexico, for the manufacture and sale of motor cores.」
In anticipation of growth in the North American electric vehicle market, the company stated for the first time that it plans to establish a manufacturing and sales subsidiary for motor cores in Guanajuato, Mexico.