#Meidensha Corporation


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Meiden targets $500 million revenue in five years

Japan, Tokyo: Meidensha Corporation (Meiden) with annual revenues of $ 2.5 billion plans to leverage its Indian investments to compete with ABB, Alstom, Siemens and Chinese companies to provide quality and cost-competitive high voltage power transformers in global markets.

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Meidensha Corp. buys 23% stake in Prime Electric

India, Hyderabad: Japan-based Meidensha Corporation and India’s power equipment manufacturer Prime Electric Ltd have signed a joint venture agreement with Meidensha acquiring 23 % stake.