Mitsubishi Electric Corporation is a Japanese multinational electronics and electrical equipment manufacturing company headquartered in Tokyo, Japan. It was established in 1921 as a spin-off from the electrical machinery manufacturing business of Mitsubishi Shipbuilding (current Mitsubishi Heavy Industries) at the Kobe Shipyard. The products from MELCO include elevators and escalators, high-end home appliances, air conditioning, factory automation systems, train systems, electric motors, pumps, semiconductors, digital signage, and satellites.