US, Memphis: Joe Durante, general manager of the Mitsubishi plant is pursuing to increase volume of the business in multiple ways — including, possibly, a sale of the Memphis plant.
"We're out searching for partners. That could be technology; it could be a joint venture; and a joint venture could lead to a sale," Durante said. "It's strictly an internal business decision. ... Everything is on the table."
The joint venture would only include the company's power transformer division, which is based in Memphis, Durante said.
Source: Biz Journals