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Friday, 1 September 2017, 17:23 HKT/SGT

Source: Mitsubishi Heavy Industries, Ltd.
New Integrated Company in the Industry & Infrastructure Business Domain to Be Named "Mitsubishi Heavy Industries Machinery Systems"
- Integration to enhance financial stability for global competitiveness, and ability to withstand changes in the business environment -

TOKYO, Sept 1, 2017 - (JCN Newswire) - Mitsubishi Heavy Industries Ltd. (MHI) will establish a new company in its Industry & Infrastructure (I&I) domain to integrate the manufacturing, procurement, and quality assurance functions of its wholly-owned subsidiaries Mitsubishi Heavy Industries Mechatronics Systems, Ltd. (MHI-MS) in Kobe, Hyogo Prefecture, and Mitsubishi Heavy Industries Printing & Packaging Machinery, Ltd. (MHI-PPM) in Mihara-shi, Hiroshima Prefecture, along with the rubber and tire machinery business of Mitsubishi Heavy Industries Machinery Technology Corporation (MHI-MT) in Nishi-ku, Hiroshima, and other specified products. The new company will be established on October 1, 2017, and named "Mitsubishi Heavy Industries Machinery Systems, Ltd."

The merger into a new company will provide sufficient business scale to ensure global competitiveness, enhance financial stability and allow the company to withstand changes in the business environment, while aiming to ensure effective utilization of human assets and other management resources. Mamoru Hasegawa, an executive officer in the I&I domain, will assume the position of president of the new company, which will have around 2,000 employees at the time of its establishment.

The MHI Group is implementing a program to expand earnings through portfolio management of various businesses and realization of group synergies. The I&I domain is pursuing restructuring and integration of small and mid-sized businesses as a strategy to strengthen these operations. This integration is part of that effort, and because the subject products have long lifecycles that make them susceptible to the broad fluctuations of economic cycles, incorporation into a single company will provide greater financial stability.

The new company, by taking advantage of personnel exchanges, synergies in sales, technologies, and manufacturing, greater efficiency in business management divisions, and concentration of investment in growth sectors, will focus on more stable business operations by strengthening individual businesses, and cross-organizational supplementing of resources.

Going forward, MHI will cooperate closely with the new company, and provide full support for its business development.

Overview of the Integrated Company (at October 1, 2017)

About Mitsubishi Heavy Industries, Ltd.

Mitsubishi Heavy Industries, Ltd. (MHI), headquartered in Tokyo, is one of the world's leading industrial firms with 80,000 group employees and annual consolidated revenues of around 38 billion U.S. dollars. For more than 130 years, the company has channeled big thinking into innovative and integrated solutions that move the world forward. MHI owns a unique business portfolio covering land, sea, sky and even space. MHI delivers innovative and integrated solutions across a wide range of industries from commercial aviation and transportation to power plants and gas turbines, and from machinery and infrastructure to integrated defense and space systems.
For more information, please visit the MHI Group website:
For Technology, Trends and Tangents, visit MHI's new online media SPECTRA:

Joseph Hood, PR Manager
Mitsubishi Heavy Industries, Ltd.
Tel: +81-(0)3-6716-2168
Fax: +81-(0)3-6716-5860

Sept 1, 2017 17:23 HKT/SGT
Source: Mitsubishi Heavy Industries, Ltd.

Topic: Press release summary
Sectors: Engineering
From the Asia Corporate News Network

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