|- Midway through 2018 MTBP, MHI is executing as planned, strengthening financial foundations by embedding cash flow management processes|
- Management focused on balancing business growth and financial stability. Reflecting committed M&A deals and the current state of the medium-lot product market, FY2020 targets revised
- Growth to be driven by combining MHI's core competencies in mechanical systems with innovative technologies in decarbonization, electrification, and intelligence
TOKYO, Oct 31, 2019 - (JCN Newswire) - Mitsubishi Heavy Industries (MHI) Group today announced an update to its 2018 Midterm Business Plan, outlining a path to growth that sees it focus on Decarbonization, Electrification and Intelligence. With manufacturing at the core, MHI Group will expand business areas that take on changing social values and technological innovations, developing new cutting edge mechanical systems.
The Group will shift resources from current businesses and reorganize its business portfolio to drive growth in areas that reflect the current needs of customers and society as a whole.
The update also sees the Group changing its previous target of 5,000 billion yen in revenue by the end of FY2020, now targeting 4,700 billion.
Details of the plan can be found here: https://bit.ly/34eurIi.
About Mitsubishi Heavy Industries, Ltd.
Mitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial firms. For more than 130 years, we have channeled big thinking into solutions that move the world forward - advancing the lives of everyone who shares our planet. We deliver innovative and integrated solutions across a wide range of industries, covering land, sea, sky and even space. MHI Group employs 80,000 people across 400 locations, operating in three business domains: "Power Systems," "Industry & Infrastructure," "Aircraft, Defense & Space." We have a consolidated revenue of around 40 billion U.S. Dollars. We aim to contribute to environmental sustainability while achieving global growth, using our leading-edge technologies. By bringing people and ideas together as one, we continue to pave the way to a future of shared success.
For more information, please visit MHI's website: https://www.mhi.com
For Technology, Trends and Tangents, visit MHI's new online media SPECTRA: https://spectra.mhi.com
Corporate Communication Department
Mitsubishi Heavy Industries, Ltd.
Email: [email protected]
Oct 31, 2019 12:41 HKT/SGT
Source: Mitsubishi Heavy Industries, Ltd.
Topic: Press release summary
Sectors: Energy, Engineering
From the Asia Corporate News Network
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