TOKYO--(BUSINESS WIRE)--August 05, 2013-- Toshiba Corporation (TOKYO:6502) today announced the start of operations of Toshiba Infrastructure and Electronics A.S. (TAET), a wholly owned sales subsidiary based in Istanbul, Turkey. TAET replaces a former marketing subsidiary established in September 2010 and is responsible for boosting sales promotions of thermal, hydro, wind and solar photovoltaic power systems in Turkey and the surrounding region.
Turkey‘s economic expansion has caused demand for electricity to grow at an annualized rate of 6% in recent years. The government has responded with plans to double generating capacity to 125GW by 2023.
Toshiba will offer a comprehensive line-up of power generation technologies including high efficiency thermal power systems and geothermal power systems, where the company holds the world No. 1 market share. In hydro power system Toshiba has experiences in turkey dating back to 1978.
Going forward, TAET will expand business by promoting cooperation with local partners, seeking to reinforce its capital base. Toshiba positions TAET as a sales and procurement base of power systems for a territory covering Turkey and its neighbors and targets sales of 400 million dollars in FY2017.
Outline of TAET
1. Name: Toshiba Infrastructure and Electronics A.S. (TAET)
2. Representative: Yoshihide Yanagihara
3. Location: Istanbul, Turkey
4. Businesses: Thermal, hydro, geothermal, wind and solar photovoltaic
power generation systems
CONTACT: Toshiba Corporation
Toru Ohara, +81-3-3457-2105
Corporate Communications Office
http://www.toshiba.co.jp/contact/media.htm
SOURCE: Toshiba Corporation
Copyright Business Wire 2013
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Original Source:: Toshiba to Strengthen Power System Business in Turkey
