Company History
| 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. |
|---|---|
| 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. |
| 2025 |
Opened Bangladesh Branch Office upgraded from Dhaka Representative Office in Bangladesh. |
| 2026 | Masahiro Fujisawa was appointed President & CEO. |