1964 | Setsuyo Trading Co., Ltd. established with a capital of 2 million yen at Itachibori, Nishi-ku, Osaka. Started export of wiring equipment conduct tubing as well as insulation materials to Asia. |
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1966 | Opened Bangkok Representative Office in Thailand. Started export of power distribution equipment of Mitsubishi Electric Corp. to Asia. |
1969 | Opened Taipei Representative Office in Taiwan. Opened Manila Representative Office in Philippines. |
1971 | Opened Jakarta Representative Office in Indonesia |
1973 | Established Setsuyo Enterprise Co., Ltd. in Taiwan. |
1975 | Started export of Mitsubishi Electric Corp. semiconductors to Asia. |
1976 | Hitoshi Watanabe was appointed President. Started export activities including procurement and sales of members to Mitsubishi’s overseas manufacturing companies. |
1984 | Opened Seoul Branch Office in Korea(present Korea Branch) |
1985 | Started export of Mitsubishi Electric Corp. FA products to Asia. |
1996 | Established STC Techno Seoul Co., Ltd. in Korea Opened Ho Chi Minh Representative Office in Vietnam. |
1997 | Established Shanghai Setsuyo Trading Co., Ltd. in China. |
1998 | Increased capital to 90 million yen. |
1999 | Became an affiliated company of the Mitsubishi Electric Corp. Group with a 20% investment from Mitsubishi Electric Corp. |
2000 | Established Han Neung Techno Co., Ltd. (present Mitsubishi Electric Automation Korea Co., Ltd. )in Korea, a joint venture company with Mitsubishi Electric Corp. |
2002 | Campany name was changed to Setsuyo Astec Corporation |
2003 | Capital share of Mitsubishi Electric Corp. increased to 35%. Established Setsuyo Astec(Thailand) Co.,Ltd. |
2007 | Established PT.Setsuyo Astec in Indonesia |
2014 | Become an owned subsidiary of Mitsubishi Electric Group (100% share). Our company has marked the 50th anniversary in December 2014. |
2018 | Branch Office name was changed to Setsuyo Astec Corporation Korea Branch. Opened Dhaka Representative Office in Bangladesh |
2023 | Hisao Hanaoka was appointed President & CEO. |
2024 | Company name has changed from Setsuyo Enterprise Co.,Ltd. to Mitsubishi Electric Automation (Taiwan) Co.,Ltd. in Taiwan. (as a joint venture company with Mitsubishi Electric Corp.) Our company has marked the 60 anniversary in December 2024. |