Mitsubishi companies

Mitsubishi Research Institute and ForePaaS Launch Partnership To Provide Data-Driven Solutions in Japan

Friday, April 9, 2021 - 7:42pm

ForePaaS and the Mitsubishi Research Institute, Inc. (MRI), today announced their partnership to deliver cloud-native data intensive solutions in Japan.

Key Points: 
  • ForePaaS and the Mitsubishi Research Institute, Inc. (MRI), today announced their partnership to deliver cloud-native data intensive solutions in Japan.
  • MRI will enable its customers to deploy the ForePaaS Platform on the Japanese regional cloud and provide full support.
  • For more information, please visit: www.forepaas.com
    About the Mitsubishi Research Institute, Inc. (MRI)
    The Mitsubishi Research Institute, Inc. (MRI) is one of Japans foremost think tanks.
  • The Companys researchers can provide clients both within Japan and abroad tailor-made insights based on their expertise and a broad network across Japans leading fields.

Mitsubishi Heavy Industries Engineering Establishes Asia Hub in Singapore for Operation, Maintenance and After-Sales Servicing of Local Transportation Systems in the Region

Monday, April 5, 2021 - 8:29am

TOKYO, Apr 5, 2021 - (JCN Newswire) - Mitsubishi Heavy Industries Engineering, Ltd. (MHIENG), a group company of Mitsubishi Heavy Industries, Ltd. (MHI) based in Yokohama, Japan, has newly established a Technical Service Center in Singapore within Mitsubishi Heavy Industries Asia Pacific Pte.

Key Points: 
  • TOKYO, Apr 5, 2021 - (JCN Newswire) - Mitsubishi Heavy Industries Engineering, Ltd. (MHIENG), a group company of Mitsubishi Heavy Industries, Ltd. (MHI) based in Yokohama, Japan, has newly established a Technical Service Center in Singapore within Mitsubishi Heavy Industries Asia Pacific Pte.
  • Ltd. (MHI-AP), MHI's regional subsidiary, to strengthen operation, maintenance and after-sales servicing operations for its transportation system products in Asia.
  • It will collaborate closely with local government authorities and transportation system operators, enabling enhanced safety and reliability of local transportation systems -- a fundamental social infrastructure.
  • Through the new Technical Service Center, MHIENG will be able to ensure the safe operation of public transportation systems in Asia.

TMEIC Corporation Consolidates North American Operations

Thursday, April 1, 2021 - 5:30pm

The new company will be known as TMEIC Corporation Americas and the former TMEIC Power Electronics Products Corporation, will become the Power Electronics Systems Business Unit of TMEIC Corporation Americas.

Key Points: 
  • The new company will be known as TMEIC Corporation Americas and the former TMEIC Power Electronics Products Corporation, will become the Power Electronics Systems Business Unit of TMEIC Corporation Americas.
  • Manmeet Bhatia, TMEIC Corporation COO, stated that, "in the future we will have the ability to expand our manufacturing capabilities and capacity and establish the Katy operation as one of TMEIC's primary North American technology centers."
  • Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC) was formed in 2003 following the merger of the industrial systems departments of Toshiba Corporation and Mitsubishi Electric Corporation.
  • TMEIC Corporation Americas specializes in Renewable Energy, Metals, Material Handling, Oil & Gas, Mining, Paper, Testing and other industrial markets worldwide.

Pacific Western Bank Announces Agreement to Acquire Homeowners Association Services Division From MUFG Union Bank, N.A.

Thursday, April 1, 2021 - 12:30pm

LOS ANGELES, April 01, 2021 (GLOBE NEWSWIRE) -- PacWest Bancorp (Nasdaq: PACW) (PacWest) announced today that its wholly-owned banking subsidiary, Pacific Western Bank (the Bank), has entered into a definitive agreement to acquire MUFG Union Bank, N.A.s (Union Bank) Homeowners Association (HOA) Services Division.

Key Points: 
  • LOS ANGELES, April 01, 2021 (GLOBE NEWSWIRE) -- PacWest Bancorp (Nasdaq: PACW) (PacWest) announced today that its wholly-owned banking subsidiary, Pacific Western Bank (the Bank), has entered into a definitive agreement to acquire MUFG Union Bank, N.A.s (Union Bank) Homeowners Association (HOA) Services Division.
  • The HOA Services Division provides a full range of banking services to community management companies and their homeowners associations.
  • This acquisition will significantly expand the Banks existing HOA banking practice, which provides lockbox, electronic receivables processing and other financial services to HOA management companies.
  • Union Banks HOA Services Division is a long-time provider of specialized HOA banking services to a national base of clients with approximately $4 billion in deposits.

MUFG Bank, Ltd.: Establishment of the MUFG Way and New Medium-Term Business Plan

Thursday, April 1, 2021 - 12:07pm

MUFG today announced that it has newly defined its purpose, expressing this principle in the MUFG Way (previously our Corporate Vision).

Key Points: 
  • MUFG today announced that it has newly defined its purpose, expressing this principle in the MUFG Way (previously our Corporate Vision).
  • Under the MUFG Way, we have also established a new Medium-term Business Plan for the three-year period beginning in FY2021.
  • We are positioning the three-year term of this new Medium-term Business Plan as the Three Years of New Challenges and Transformation.
  • The MUFG Way articulates the values that guide all we do.

PW Power Systems Will Now Be Mitsubishi Power Aero, Signifying Greater Integration of the Companies

Thursday, April 1, 2021 - 1:59pm

We are utilizing Mitsubishi Power supply chain assets around the world to support new equipment manufacturing as well as aftermarket services, said Mitsubishi Power Aero President and CEO Raul Pereda.

Key Points: 
  • We are utilizing Mitsubishi Power supply chain assets around the world to support new equipment manufacturing as well as aftermarket services, said Mitsubishi Power Aero President and CEO Raul Pereda.
  • The flexible power generation solutions provided by Mitsubishi Power are essential to helping customers balance their diverse energy requirements.
  • On-demand power is a key component in how Mitsubishi Power brings total solutions to our customers, Paul Browning, President and CEO of Mitsubishi Power Americas, said.
  • Mitsubishi Power Aero is a group company of Mitsubishi Power Americas, Inc. Connect with us at aero.power.mhi.com and LinkedIn .

Mitsubishi Chemical Merges Selected US Group Companies into Mitsubishi Chemical America, Inc.

Thursday, April 1, 2021 - 1:00pm

The merging companies are Dianal America, Lucite International, MC Ionic Solutions US, Mitsubishi Chemical Composites America, Mitsubishi Chemical Imaging Corporation, Mitsubishi Chemical Performance Polymers and Mitsubishi Polyester Film.

Key Points: 
  • The merging companies are Dianal America, Lucite International, MC Ionic Solutions US, Mitsubishi Chemical Composites America, Mitsubishi Chemical Imaging Corporation, Mitsubishi Chemical Performance Polymers and Mitsubishi Polyester Film.
  • This regional integration is part of a global Mitsubishi Chemical initiative that is also underway for selected subsidiaries in Germany and the United Kingdom.
  • The strength of Mitsubishi Chemical is in the diversity of our products, technologies and employees around the globe.
  • Mitsubishi Chemical America is a leading global provider of chemistry-based solutions for numerous key industries and is one of four regional headquarters for its parent, Mitsubishi Chemical Corporation.

Mitsubishi Heavy Industries Strengthens Footprint in EMEA Region

Thursday, April 1, 2021 - 10:40am

- Regional Headquarters to move to London, UK and new locations opened in Duisburg, Germany and Brussels, Belgium

Key Points: 
  • - Regional Headquarters to move to London, UK and new locations opened in Duisburg, Germany and Brussels, Belgium
    TOKYO, Apr 1, 2021 - (JCN Newswire) - Effective today, Mitsubishi Heavy Industries, Ltd. (MHI) has changed the name of its London-based European subsidiary from Mitsubishi Heavy Industries Europe, Ltd. to Mitsubishi Heavy Industries EMEA, Ltd. (MHI-EMEA).
  • The change reflects the entity's expanded role as MHI's regional headquarters for the Europe, the Middle East and Africa (EMEA) region.
  • Europe and the wider EMEA region has been a key driver behind global efforts towards achieving net-zero targets.
  • Mitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, logistics & infrastructure, industrial machinery, aerospace and defense.

Mitsubishi Chemical Optimizes Global MMA Product Supply Network, Unifies Regional MMA Operations Under New Name—Mitsubishi Chemical Methacrylates

Thursday, April 1, 2021 - 12:00am

Companies under the Mitsubishi Chemical Corporation global Methyl-methacrylate (MMA) Domain unify today under a new name, Mitsubishi Chemical Methacrylates.

Key Points: 
  • Companies under the Mitsubishi Chemical Corporation global Methyl-methacrylate (MMA) Domain unify today under a new name, Mitsubishi Chemical Methacrylates.
  • Mitsubishi Chemical leverages digital technologies to connect regional production, costs and supply to meet the global demand for MMA.
  • The formation of Mitsubishi Chemical Methacrylates demonstrates our commitment to providing reliable MMA supply to our customers in every corner of the world, said Hitoshi Sasaki, chief executive officer, Mitsubishi Chemical Methacrylates.
  • Mitsubishi Chemical Methacrylates (MCM) is the global Methacrylates Division of Mitsubishi Chemical.

MUFG Bank, Ltd.: MUFG Revises Earnings Target for the Fiscal Year Ending March 31, 2021

Wednesday, March 31, 2021 - 9:55am

The result for the fiscal year ended March 31, 2020

Key Points: 
  • The result for the fiscal year ended March 31, 2020
    We forecast an increase in net operating profits (effect of approx.
  • We also forecast an increase in equity earnings from equity method investees and gains from investment in equity-method affiliate Morgan Stanley (effect of approx.
  • As a result, MUFG has revised its earnings target upward by 150.0 billion to 750.0 billion.
  • Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the worlds leading financial groups.