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| - 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)
http://www.acnnewswire.com/topimg/Low_MHI9117.jpg
Contact:
Joseph Hood, PR Manager
Mitsubishi Heavy Industries, Ltd.
Email: mhi-pr@mhi.co.jp
Tel: +81-(0)3-6716-2168
Fax: +81-(0)3-6716-5860
Topic: Press release summary
Source: Mitsubishi Heavy Industries, Ltd.
Sectors: Engineering
http://www.acnnewswire.com
From the Asia Corporate News Network
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