Mitsubishi

The Worldwide Additive Manufacturing Industry is Projected to Reach $65 Billion by 2027

Retrieved on: 
Thursday, December 1, 2022

The additive manufacturing market size is projected to witness a compounded annual growth rate of 29.86% to grow to US$65148.103 million by 2027, from US$10459.014 million in 2020.

Key Points: 
  • The additive manufacturing market size is projected to witness a compounded annual growth rate of 29.86% to grow to US$65148.103 million by 2027, from US$10459.014 million in 2020.
  • Additive manufacturing (AM), often known as 3D printing, is a revolutionary manufacturing method that enables the manufacturing of lighter, stronger parts and systems.
  • Although 3D printing and rapid prototyping are sometimes used interchangeably to refer to additive manufacturing, each process is a subset of additive manufacturing.
  • The growing need for additive manufacturing or 3D printing technology in the automotive, healthcare, and manufacturing industries is expected to drive the additive manufacturing market growth during the forecast period.

U.S. Bancorp Completes Acquisition of Union Bank

Retrieved on: 
Thursday, December 1, 2022

U.S. Bancorp (NYSE: USB) today announced that it has completed the acquisition of MUFG Union Banks core regional banking franchise from Mitsubishi UFJ Financial Group, Inc. (NYSE: MUFG).

Key Points: 
  • U.S. Bancorp (NYSE: USB) today announced that it has completed the acquisition of MUFG Union Banks core regional banking franchise from Mitsubishi UFJ Financial Group, Inc. (NYSE: MUFG).
  • The acquisition of MUFG Union Bank underscores U.S. Banks commitment to creating economic opportunities for our customers and communities across the West Coast, said Andy Cecere, chairman, president and chief executive officer of U.S. Bancorp.
  • U.S. Bank will provide MUFG Union Bank customers with information regarding the conversion of their accounts in the coming weeks.
  • Until conversion of MUFG Union Bank systems and accounts, customers will continue to be served by their respective branches, website and mobile apps.

Mitsubishi Power to Upgrade Two Gas Turbines at Tuas Power to Achieve 16.9 kilo-tonnes of Carbon Emissions Reduction Annually

Retrieved on: 
Wednesday, November 30, 2022

- Upgrade of two 360MW GTCC power plants can cut CO2 emissions by 16.9 kilo-tonnes annually, with work scheduled for completion in 2023.

Key Points: 
  • - Upgrade of two 360MW GTCC power plants can cut CO2 emissions by 16.9 kilo-tonnes annually, with work scheduled for completion in 2023.
  • TOKYO, Nov 30, 2022 - (JCN Newswire) - Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, Ltd. (MHI), has received a contract from Tuas Power Generation Pte.
  • Ltd., a major power company in Singapore, for upgrades to two of the four M701F gas turbines (CCP3 and CCP4) in its gas turbine combined cycle (GTCC) power generation facility.
  • Since 2001, Mitsubishi Power had supplied four gas turbines to Tuas Power, each with a rated output of 360 megawatts (MW).

Mitsubishi Electric to Launch Contact Image Sensor in New KD-CXF Series

Retrieved on: 
Wednesday, November 30, 2022

Mitsubishi Electric Corporation (TOKYO:6503) announced today that its new KD-CXF series of contact image sensors (CISs) equipped with the industry's deepestdepth of field will launch this December beginning with the KD6R1064CXF-NL model.

Key Points: 
  • Mitsubishi Electric Corporation (TOKYO:6503) announced today that its new KD-CXF series of contact image sensors (CISs) equipped with the industry's deepestdepth of field will launch this December beginning with the KD6R1064CXF-NL model.
  • CISs are widely used in manufacturing to inspect product surfaces for scratches, dirt, miscoloring or mispositioning of printed labels, plastic film, etc.
  • Also, the image sensor, lens, etc.
  • are built into the CIS unit, eliminating the need for complicated installations and optical adjustments, thereby minimizing maintenance and servicing costs.

Orange County Hispanic Education Endowment Fund Receives $70,000 in Support from Union Bank

Retrieved on: 
Tuesday, November 29, 2022

NEWPORT BEACH, Calif., Nov. 29, 2022 /PRNewswire/ -- The Orange County Hispanic Education Endowment Fund (HEEF) is honored to receive its largest ever single donation supporting first-generation, college-bound scholars.  MUFG Union Bank (Union Bank), which is expected to be acquired by U.S. Bank on December 1, 2022, is contributing nearly $70,000 as the culmination of a long-term investment in HEEF.  This gift is comprised of $60,000 for the HEEF Endowment and $10,000 for 2023 student scholarships.

Key Points: 
  • MUFG Union Bank (Union Bank), which is expected to be acquired by U.S. Bank on December 1, 2022, is contributing nearly $70,000 as the culmination of a long-term investment in HEEF.
  • Union Bank's landmark gift comes at a historic moment for both HEEF and Union Bank.
  • Since its inception, the Union Bank fund has provided over $90,000 in scholarships to 45 scholars, bringing Union Bank's overall investment to $160,000.
  • Founded in 1993, The Orange County Hispanic Education Endowment Fund (HEEF)'s mission is to provide academic scholarships to talented and deserving Hispanic students in Orange County to inspire, enhance, and improve access to higher education.

Team Mitsubishi Ralliart's Triton Finishes in First Place Overall at Its First Attempt in the Asia Cross Country Rally 2022

Retrieved on: 
Tuesday, November 29, 2022

TOKYO, Nov 29, 2022 - (JCN Newswire) - Mitsubishi Motors Corporation (hereafter, Mitsubishi Motors) announced that Team Mitsubishi Ralliart, which receives technical support from Mitsubishi Motors, participated in the Asia Cross Country Rally (AXCR) 2022 that ran from November 21st to 26th in Thailand and Cambodia with Triton rally cars (Group T1 prototype cross-country vehicles).

Key Points: 
  • TOKYO, Nov 29, 2022 - (JCN Newswire) - Mitsubishi Motors Corporation (hereafter, Mitsubishi Motors) announced that Team Mitsubishi Ralliart, which receives technical support from Mitsubishi Motors, participated in the Asia Cross Country Rally (AXCR) 2022 that ran from November 21st to 26th in Thailand and Cambodia with Triton rally cars (Group T1 prototype cross-country vehicles).
  • Leg 1 on the 22nd to Leg 3 on the 24th included SS located in the area around Buriram.
  • Even so, the two Triton rally cars delivered powerful driving, and I am very proud of our high finish.
  • www.mitsubishi-motors.com/en/innovation/motorsports/axcr2022/
    Starting on November 21st, the Triton rally car AXCR 2022 replica is on display at the company's headquarter showroom in Tamachi, Tokyo.

Mitsubishi Motors Starts Sales of the All-New Outlander in China

Retrieved on: 
Monday, November 21, 2022

TOKYO, Nov 21, 2022 - (JCN Newswire) - Mitsubishi Motors Corporation (hereafter, Mitsubishi Motors) announced that GAC Mitsubishi Motors Co., Ltd. (GMMC), Mitsubishi Motors' vehicle production and sales joint venture in China, has begun production of the all-new Outlander, a crossover SUV, and started sales on November 19.

Key Points: 
  • TOKYO, Nov 21, 2022 - (JCN Newswire) - Mitsubishi Motors Corporation (hereafter, Mitsubishi Motors) announced that GAC Mitsubishi Motors Co., Ltd. (GMMC), Mitsubishi Motors' vehicle production and sales joint venture in China, has begun production of the all-new Outlander, a crossover SUV, and started sales on November 19.
  • The all-new Outlander is Mitsubishi Motors' flagship model developed under the product concept "I-Fu-Do-Do", which means authentic and majestic in Japanese.
  • GMMC has 2,891 employees, and serves as a sales and distribution platform for GAC and Mitsubishi Motors-branded vehicles in China.
  • The company has an annual production capacity over 270,000 units per year among the Mitsubishi ASX, Outlander, Eclipse Cross, and Airtrek.

MHI Group Launches Phase 2 of Demonstration Testing of Automated Valet Parking System Using AGV Robots

Retrieved on: 
Friday, November 18, 2022

The system employs automated guided vehicle (AGV) robots, dubbed "Stan," manufactured by Stanley Robotics, a French venture-backed company.

Key Points: 
  • The system employs automated guided vehicle (AGV) robots, dubbed "Stan," manufactured by Stanley Robotics, a French venture-backed company.
  • Phase 1 of the demonstration testing of this automated valet parking system, the first application of its kind in a commercial complex in Japan, took place in June 2022(1).
  • The initial phase had two core aims: to verify handling performance using AGV robots, and to evaluate user satisfaction.
  • By taking the lead in providing AGV robot-based automated valet parking systems, MHI Group will contribute to the realization of a safe, convenient and sustainable society.

MHI Signs MOU with Taiwan Power Company for Ammonia Co-Firing at the Linkou Thermal Power Plant

Retrieved on: 
Thursday, November 17, 2022

TOKYO, Nov 17, 2022 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) has reached an agreement with the Taiwanese state-owned firm Taiwan Power Company (TPC) to conduct a study on introducing ammonia co-firing at the Linkou Thermal Power Plant in Linkou District, New Taipei, Taiwan.

Key Points: 
  • TOKYO, Nov 17, 2022 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) has reached an agreement with the Taiwanese state-owned firm Taiwan Power Company (TPC) to conduct a study on introducing ammonia co-firing at the Linkou Thermal Power Plant in Linkou District, New Taipei, Taiwan.
  • The MOU signing ceremony held in Taiwan was attended by TPC President Yao-Ting Wang, with MHI represented by Senior Executive Fellow Toshiyuki Hashi, Head of Energy Transition & Power Headquarters of Energy Systems.
  • MHI and Mitsubishi Corporation Machinery will consider and supply ammonia burners and other equipment and systems necessary for ammonia co-firing.
  • MHI's Toshiyuki Hashi said: "MHI has been contributing to the power industry in Taiwan for around 50 years.

PGE to increase GPP capacity in South Sumatra for NZE

Retrieved on: 
Wednesday, November 16, 2022

JAKARTA, Nov 16, 2022 - (ACN Newswire) - PT Pertamina Geothermal Energy (PGE) expressed readiness to increase the geothermal power plant (GPP) capacity in South Sumatra in a bid to support the realization of net zero emission (NZE) in Indonesia.

Key Points: 
  • JAKARTA, Nov 16, 2022 - (ACN Newswire) - PT Pertamina Geothermal Energy (PGE) expressed readiness to increase the geothermal power plant (GPP) capacity in South Sumatra in a bid to support the realization of net zero emission (NZE) in Indonesia.
  • The project site is located in the districts of Muara Enim and Ogan Komering Ulu in South Sumatra Province.
  • GPP capacity of 55 MW, which will be generated from Unit 2 of the GPP in the province, will increase PGE's total installed GPP capacity, after earlier some 55 MW generated from the Lumut Balai Unit 1 Project that became operational in 2019.
  • A total of 672 MW of geothermal capacity is operated and managed directly by PGE, and some 1,205 MW is managed under the Joint Operation Contract scenario.