Search｜Photos & Images & Videos｜KYODO NEWS IMAGES INC

Toshiba, Mitsubishi to integrate industrial electric business

TOKYO, Japan - Toshiba Corp. President Tadashi Okamura (L) and Mitsubishi Electric Corp. President Tamotsu Nomakuchi give a joint press connference in Tokyo on April 18. The two firms said they will integrate their businesses in electric equipment for plants in the manufacturing industry into a fifty-fifty joint venture on Oct. 1. The integration will make the Toshiba-Mitsubishi alliance the world's third largest manufacturer of industrial electric equipment with a global share of about 6%. (Kyodo)