Three Group Companies in Machinery and Steel Structures Businesses to Merge into Newly Launching Company New "Mitsubishi Heavy Industries Mechatronics Systems" to Debut April 1st
July 31, 2014     Japanese 
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Three Group Companies in Machinery and Steel Structures Businesses to Merge into Newly Launching Company New
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Three Group Companies in Machinery and Steel Structures Businesses to Merge into Newly Launching Company New "Mitsubishi Heavy Industries Mechatronics Systems" to Debut April 1st

Tokyo, Mar 10, 2014 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) will reorganize three of its group companies - Kobe-based Mitsubishi Heavy Industries Mechatronics Systems, Ltd. (MHI-MS), Yokohama-based Mitsubishi Heavy Industries Parking Co., Ltd. (MHI-P) and Hiroshima-based Mitsubishi Heavy Industries Bridge & Steel Structures Engineering Co., Ltd. (MBE) - into a newly launching company that will comprehensively handle operations in machinery and steel structures. The new company will be provided with a solid corporate structure enabling flexible response to medium- and long-term changes in the business environment, targeting a stable financial base and expanded earnings from related operations.

The new company will be launched with MHI-MS, whose operations currently involve mechanical and environmental systems and equipment, as the surviving enterprise. MHI-P, which deals in mechanical parking systems, will be absorbed, and the steel structures operations of MBE, which now does business in that area as well as in bridges, will be split off and taken over by the new company. MHI-MS's corporate name will be retained. The new company will be capitalized in the amount of 1 billion yen, with operations launching with a workforce numbering approximately 1,100. The head office will be in Kobe, and major operating bases will be set up in the Minatomirai and Kanazawa districts of Yokohama. MHI-MS president Nozomu Watanabe will serve as the new company's president.

Because the business operations of the three merging entities share similar markets and customers - notably in the construction, electric power, and iron & steel industries - the new company will focus on developing packaged proposals for shared customers and on strengthening after-sale servicing structures. At the same time, the supply chains presently held by the three entities will be revamped and integrated into one, in a quest to boost cost competitiveness through lower procurement costs, provide products of even higher added value, and improve product servicing capabilities. In addition, initiatives will be taken to integrate resources and expertise relating to controls and construction work. By combining the technologies now held by the three merging partners, going forward the new company will seek to further develop existing markets and to cultivate new markets and new business areas.

MHI will work closely with the new company and lend its full support to its business development.

Profile of the New Company
Corporate name: Mitsubishi Heavy Industries Mechatronics Systems, Ltd.
Capitalization: 1 billion yen (wholly owned by MHI)
President:      Nozomu Watanabe

Main products:

Mechanical systems: testing facilities, inspection facilities, culture & sports facilities, tunnel boring machinery, aerospace systems & facilities, system control units, electronic controllers, other industrial & general machinery & equipment, toll collection systems, ITS systems, steel penstock

Mechanical parking systems: mechanical parking garages, other material handling system products Environmental systems: water & sludge treatment systems, air pollution prevention systems, waste treatment systems, solvent recovery systems, other air pollution & environmental improvement related devices

Steel structures: industrial chimneys, hydraulic gates, earthquake isolation/vibration control systems, gas holders, steel tubing & other steel structures & products, bridge inspection vehicles, tunnel wall cleaning vehicles, tunnel sprinkler spray performance measurement vehicles & other road infrastructure maintenance machinery & equipment

Operating bases:

Head office: 5-4-22 Wadamiya-doori, Hyogo-ku, Kobe Sales offices: 1-1-8 Sakuragicho, Naka-ku, Yokohama 1-8-1 Sachiura, Kanazawa-ku, Yokohama

About Mitsubishi Heavy Industries

Since its foundation in 1884, Mitsubishi Heavy Industries (MHI) has sought pioneering new monodzukuri (manufacturing) techniques, building the foundations for the development of the entire industry. Today, with environmental and energy issues to the fore, MHI provides people around the world with eco-friendly products, and contributes to society through its involvement in global infrastructure projects and other business activities. For more information, please visit the MHI website at www.mhi.co.jp.

Contact:

Mitsubishi Heavy Industries
Hideo Ikuno
h.ikuno@daiya-pr.co.jp
+81-3-6716-5277

 


Mar 10, 2014
Source: Mitsubishi Heavy Industries

Mitsubishi Heavy Industries (TSE: 7011) (U.S: MHVYF)

From the Japan Corporate News Network
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Topic: Joint Venture
View more news from these Sectors: Design & Manufacturing Process, Engineering


 
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