Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Thursday, 18 February 2010, 13:00 HKT/SGT

Source: Mitsubishi Heavy Industries, Ltd.
MHI to Manufacture Rubber Tire Machinery in China

TOKYO, Feb 18, 2010 - (ACN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) is about to launch local production of rubber tire production machinery in China with the establishment of a wholly owned subsidiary, Changshu Ryoju Machinery Co., Ltd. in Changshu, Jiangsu. With the commencement of production set for this March, the company plans to complete the production plant in February. Spurred by China's rapid advances in motorization, the world's major tire manufacturers are all actively entering the Chinese market, and MHI's initiative is its strategic response to this trend.

As an affiliate of Mitsubishi Heavy Industries (China) Co., Ltd. (MHIC), the regional headquarters established in Beijing last December to oversee MHI's business in China, the new rubber tire machinery manufacturing company, which is capitalized at 450 million yen, will conduct business by securing funds from MHIC. MHI acquired a plant building with a 5,000 square meter floor space within the Changshu Southeast Economic Development Zone and has been preparing for production launch since last August, including installation of production equipment. The new company will start operations with 64 employees. Minoru Kimura of the Rubber & Tire Machinery Department, Industrial Machinery Business, Technology & Solutions Division at MHI's Machinery & Steel Structures Headquarters has been appointed General Manager.

While, initially the Chinese plant will perform manufacturing and assembly using major parts received from MHI's Industrial Machinery Business, Technology & Solutions Division in Hiroshima, the company intends to further enhance and solidify its operation base in China by establishing a supply chain through development and cultivation of local suppliers. Plans call for manufacture of 40 units in the initial business year, increasing to about 160 units within three years. In tandem with this initiative, the production base in Japan - the Industrial Machinery Business, Technology & Solutions Division - will strengthen its function as a technology development center; it will also shift production to machines for use by domestic customers, including high-end models and machines to produce tires for heavy-duty construction vehicles.

Automobile production in China reached 8.89 million units in 2007, 9.35 million in 2008, and exceeded 13.5 million in 2009. This year, production is expected to expand to about 14 million units. Along with this rapid growth, demand for tires has also increased sharply. China's tire market is expected to be the world's largest this year, surpassing the US.

As demand for high-performance tires is also rising in China, taking opportunity of the production base establishment, MHI intends to further strengthen its vigorous business development activities of tire machinery, including advanced tire-curing machines to produce high-performance tires.

Mitsubishi Heavy Industries
Hideo Ikuno

Topic: Press release summary
Source: Mitsubishi Heavy Industries, Ltd.

Sectors: Engineering
From the Asia Corporate News Network

Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

Mitsubishi Heavy Industries, Ltd. Links

Mitsubishi Heavy Industries, Ltd.
June 7, 2024 15:38 HKT/SGT
Mitsubishi Shipbuilding Holds Christening and Launch Ceremony of New LNG-Powered Roll-on/Roll-off Ship TRANS HARMONY GREEN in Shimonoseki
June 6, 2024 18:34 HKT/SGT
MHIEC Receives Order to Rebuild Waste-to-Energy Plant in Hodogaya Ward, Yokohama
June 6, 2024 11:20 HKT/SGT
MHI Thermal Systems Launches New "TEK Series" of Electric-Driven Transport Refrigeration Units for Small and Mid-Size Trucks
June 5, 2024 18:09 HKT/SGT
MHI and EGAT sign MoU to Introduce Hydrogen Large Gas Turbine Co-firing Technology in Thailand to Achieve Net Zero Goals
June 5, 2024 17:14 HKT/SGT
Mitsubishi Shipbuilding Receives Additional Order for 2 Units of LNG Fuel Gas Supply System (FGSS)
May 31, 2024 16:09 HKT/SGT
Mitsubishi Power to Supply Technology to Support Brazil's Largest Reliability Project
May 29, 2024 12:53 HKT/SGT
Hydrogen Engine Generator Set Ready for In-house Evaluation
May 27, 2024 12:35 HKT/SGT
Idemitsu Kosan, ENEOS, Toyota, and MHI Commence Study toward Introduction and Spread of Carbon-Neutral Fuels for Automobiles
May 23, 2024 15:01 HKT/SGT
MHI Thermal Systems Receives JSRAE Technology Award for "e-3D Scroll" Compressor
May 22, 2024 14:15 HKT/SGT
Mitsubishi Heavy Industries and NGK to Jointly Develop Membrane Dehydration Systems for Bioethanol and e-Methanol
More news >>
 News Alerts
Copyright © 2024 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 214 890 4418 | Beijing: +86 400 879 3881 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575

Connect With us: