Mitsubishi Heavy Industries (PRIVATE)

Nine Japanese Companies Launch Japan-U.S. Collaborative Smart Grid

Monday May 21st 2012 02:30:00 AM

Tokyo, May 21, 2012 - On May 17 (U.S. time), nine Japanese companies - Shimizu Corporation, Toshiba Corporation, Sharp Corporation, Meidensha Corporation, Tokyo Gas Co., Ltd., Mitsubishi Heavy Industries, Ltd., Fuji Electric Co., Ltd., Furukawa Electric Co., Ltd. and The Furukawa Battery Co., Ltd. - launched a demonstration study for the Albuquerque Business District Smart Grid Demonstration Project (hereafter "the Project") consigned to them by the New Energy and Industrial Technology Development Organization (NEDO), to be carried out as part of its Japan-U.S. Collaborative Smart Grid Demonstration Project. The demonstration study will continue for two years, ending in March 2014. An opening ceremony for the demonstration facility took place in Albuquerque to mark the occasion, the many attendees including officials of New Mexico and the city of Albuquerque, the NEDO chairman, and presidents and executives of the nine participating Japanese companies.

Mitsubishi Delivers 4 Diesel Engine Power Generators to Palau

Wednesday May 16th 2012 10:00:00 PM

Tokyo, May 17, 2012 - Mitsubishi Heavy Industries, Ltd. (MHI) has delivered four sets of power generation systems using diesel engines to the government of the Republic of Palau on May 16. The generators are being provided as part of emergency grant aid under the Japanese government's response to the power crisis in Palau, which has been suffering a serious power shortage since a fire at a power plant last November. MHI delivered the generators through Japan International Cooperation System (JICS) as the first phase of the aid. Installation work on the generators is slated for completion by month's end.

MHI to Transfer Small-size Air-cooled Gasoline Engine Business to Subsidiary

Friday April 27th 2012 12:00:02 AM

Tokyo, April 27, 2012 - Mitsubishi Heavy Industries, Ltd. (MHI) has announced that at a meeting earlier today, the MHI board of directors approved to transfer its small-size, air-cooled, gasoline engine business - its Meiki Engine operations - to Mitsubishi Heavy Industries Engine Systems Co., Ltd. effective July 1.

FY2011 Financial Results

Friday April 27th 2012 12:00:01 AM

Tokyo, April 27, 2012 - Mitsubishi Heavy Industries, Ltd. (MHI) today announced its financial results for fiscal year (FY) 2011 ended March 31, 2011.

MHI to Acquire Federal Broach Holdings

Wednesday April 25th 2012 10:00:01 PM

Tokyo, April 26, 2012 - Mitsubishi Heavy Industries, Ltd. (MHI) has signed an agreement with Federal Broach Holdings, LLC and its shareholders to acquire all of the equity interest of the American firm. Federal Broach is one of the world's leading manufacturers of broaches1 and broach machines. They have an extensive customer base in the North American and European markets, providing tooling and equipment to both motor vehicle and aircraft industries. By consolidating its operations with those of Federal Broach, MHI will build up its cutting tool operations, extend its global reach and position itself to take over the leading share of the world market.

MHI Receives Order for Two M501GAC Gas Turbines

Wednesday April 25th 2012 10:00:00 PM

Tokyo, April 26, 2012 - Mitsubishi Heavy Industries, Ltd. (MHI) has received an order from TransAlta Generation Partnership, a subsidiary of TransAlta Corporation, a major power generation and wholesale marketing company in Canada, to supply two M501GAC gas turbines for installation at the Sundance 7 Power Generation Facility now under construction by TransAlta in Alberta. The gas turbines will be core components of the new natural gas-fired 800 megawatt (MW) gas turbine combined cycle (GTCC) power generation plant. MHI received the order through MPS Canada, Inc. (MPSC), a wholly owned subsidiary of Mitsubishi Power Systems Americas Inc. (MPSA) that serves as regional headquarters of MHI's power systems business in the Americas.

MHI Increases Stake in MVDE, Small-size Diesel Engine JV in India,

Monday April 23rd 2012 10:00:00 PM

Tokyo, April 24, 2012 - Mitsubishi Heavy Industries, Ltd. (MHI) has increased its stake in MHI-VST Diesel Engines Pvt. Ltd. (MVDE), a small-size diesel engine manufacturing and marketing company jointly established with V.S.T. Tillers Tractors Ltd. (VTTL), a power tiller and tractor manufacturer in India. In response to growing recognition of the MHI brand in the Indian market, MHI, by increasing its capital stake in MVDE, will ensure that the JV has sufficient financial strength both to accommodate large-scale business transactions and to further expand its product lineup. Through this initiative MHI aims to capture an increasingly larger share of the rapidly rising demand for small-size engines.

MHI-MS Develops Radiation Measurement System for Rice

Sunday April 22nd 2012 10:00:00 PM

Tokyo, April 23, 2012 - Mitsubishi Heavy Industries Mechatronics Systems, Ltd. (MHI-MS), a wholly owned subsidiary of Mitsubishi Heavy Industries, Ltd. (MHI), has developed a system enabling high-speed, high-precision measurement of radioactive cesium contained in rice. Simply by placing the rice, packed into sacks weighing 30 kilograms (kg) each, on the system's intake conveyor belt and pressing the start button, the dedicated system performs radiation measurement at a speed of roughly 4 sacks per minute. The newly developed system meets the new guidelines of Japan's Food Sanitation Act that went into effect this month. Marketing is set to commence in May.

MHI to Launch Gear Cutting Machine Production in Bengaluru, India,

Tuesday April 17th 2012 10:00:00 PM

Tokyo, April 18, 2012 - Mitsubishi Heavy Industries, Ltd. (MHI) will commence gear cutting machine production in Bengaluru (previously Bangalore), India, this October. In liaison with its existing local subsidiary producing gear cutting tools, the company will establish a structure enabling integrated provision of high-precision gear cutting systems. The initiative aims at responding swiftly to vigorous demand for equipment investment from India's automobile-related manufacturers against the backdrop of the country's sharp increase in vehicle production.

MHI Develops "LH250": Double Column Machining Center

Sunday April 15th 2012 10:10:00 PM

Tokyo, April 16, 2012 - Mitsubishi Heavy Industries, Ltd. (MHI) has completed the development and begun full-scale marketing of a double column machining center - dubbed the "LH250" - capable of high-precision machining of workpieces up to 2 meters in length. The new unit not only offers significantly enhanced vibration absorption capability in the machine structure and greater rigidity in the high-speed main spindle, it also incorporates MHI's unique main spindle lubrication cooling technology and suppresses self-heating of the machine normally caused by long hours of continuous operation, which take a toll on machining precision. Through these innovations, the LH250 has achieved machining with 5 micrometer (µm, 0.001 millimeter) level precision, the highest level in the same size machine category. MHI targets broad use of the machine at machining shops that handle difficult-to-cut plate materials such as aircraft parts, and dies and molds.

MHI to Restructure Forklift Truck Production in Europe

Thursday April 12th 2012 05:10:00 AM

Tokyo, April 12, 2012 - Mitsubishi Heavy Industries, Ltd. (MHI) today announced its intention to restructure the company's forklift truck production in Europe. Under the restructuring plan, the manufacture of battery-powered forklift trucks at Mitsubishi Caterpillar Forklift Europe B.V. (MCFE) in the Netherlands will be transferred to Rocla Oyj in Finland, in which MCFE owns nearly 100% of equity. For engine-powered forklift trucks, MCFE will meet demand through imports from affiliated production plants in other parts of the world. Through the restructuring initiative, MHI aims for MCFE to further improve its operational efficiency and achieve a stabilized revenue base. The restructuring plans for the forklift truck production will be carried out after discussions with, and consent from, the concerned parties.

MHI Establishes JV with Shanghai Diesel Engine in China

Thursday April 5th 2012 04:40:00 AM

Tokyo, April 5, 2012 - Mitsubishi Heavy Industries, Ltd. (MHI) and Shanghai Diesel Engine Co., Ltd. (SDEC), a major Chinese diesel engine manufacturer, have signed an agreement to establish Shanghai MHI Engine Co., Ltd., to manufacture and market diesel engines in China. The aim of the new JV is to make a full-fledged entrance into the rapidly expanding Chinese market for industrial-use diesel engines and to build up market share through more competitively priced products. The JV is scheduled to begin manufacturing and marketing in December of this year.

Tamachi Building Restaurant Offers Freshly Picked Vegetables

Thursday April 5th 2012 02:50:00 AM

Tokyo, April 5, 2012 - A restaurant in a Tokyo office building owned by Tamachi Building Co., Ltd., a subsidiary of Mitsubishi Heavy Industries, Ltd. (MHI), is offering a new menu featuring freshly picked organic vegetables grown at the restaurant. The vegetables are cultivated without pesticides or other agricultural chemicals in solar-powered "vegetable mini-factories." The endeavor, which is just one of the MHI group's many corporate social responsibility (CSR) activities, aims to contribute to the environment and the wellbeing of the community. The mini- factory units make possible on-site cultivation and consumption of safe and healthful fresh vegetables. Tamachi Building is promoting the use of similar systems by other tenants in the rental office buildings it owns and manages.

New Director for MHI's Mitsubishi Minatomirai Industrial Museum

Thursday March 29th 2012 10:00:00 PM

Tokyo, March 30, 2012 - Effective April 1, the Mitsubishi Minatomirai Industrial Museum will be headed by a new director: Hiroshi Yanagi. Yanagi is currently on the staff of the Corporate Communication Department in the Presidential Administration Office of Mitsubishi Heavy Industries, Ltd. (MHI).

MCO Receives Order for Compressors and Steam Turbines

Thursday March 29th 2012 06:00:00 AM

Tokyo, March 29, 2012 - Mitsubishi Heavy Industries Compressor Corporation (MCO), a wholly owned subsidiary of Mitsubishi Heavy Industries, Ltd. (MHI), has received an order from Braskem Idesa, S.A.P.I. of Mexico for five compressors and three steam turbines to be used in a large-scale ethylene production facility which that company is to build locally. The compressors and turbines will be applied to the core process of ethylene production. MCO has an abundant track record in the delivery of this type of equipment to mega ethylene plants having production capacities exceeding 1 million tons per year (mtpy), and the company believes this strength contributed to its winning of the new order.