Mitsubishi Heavy Industries

MHI and Bombardier Agreed on a Closing Date for the Transaction Pertaining to the Acquisition of Canadair Regional Jet Program

Thursday, May 7, 2020 - 7:27am

The Program will be operated under the newly created group entities of MHI RJ Aviation Group (MHIRJ) and will commence upon closing.

Key Points: 
  • The Program will be operated under the newly created group entities of MHI RJ Aviation Group (MHIRJ) and will commence upon closing.
  • As part of the acquisition, MHI acquires the maintenance, support, refurbishment, marketing, and sales activities for the CRJ Series aircraft, along with the type certificates.
  • MHI RJ Aviation Group (MHIRJ) provides comprehensive critical operational and customer support solutions including maintenance, refurbishment, marketing and sales activities for the global regional aircraft industry.
  • A wholly owned subsidiary of Mitsubishi Heavy Industries, Ltd, MHI RJ Aviation Group includes MHI RJ Aviation ULC (Canada), MHI RJ Aviation Inc. (U.S.A.) and MHI RJ Aviation GmbH (Germany).

MHI Releases FY2019 Financial Results & Emergency Measures, Strategy Update

Monday, May 11, 2020 - 7:30am

TOKYO, May 11, 2020 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) today announced its consolidated 2020-05-11 financial results for fiscal year (FY) 2019 ended March 31, 2020.

Key Points: 
  • TOKYO, May 11, 2020 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) today announced its consolidated 2020-05-11 financial results for fiscal year (FY) 2019 ended March 31, 2020.
  • We have decided to voluntarily adopt IFRS from beginning with the first quarter ending June 30, 2018 onward, so estimate of consolidated financial results have been made based on IFRS.
  • Also, the results projected here should not be construed in any way as being guaranteed by the company.
  • MHI Group employs 80,000 people across 400 locations, operating in three business domains: "Power Systems," "Industry & Infrastructure," "Aircraft, Defense & Space."

Mitsubishi Heavy Industries Launches “Powerful - Durable - Credible”, a New Air Conditioner Brand Campaign in Vietnam

Monday, March 23, 2020 - 6:03am

Mitsubishi Heavy Industries (MHI)(TOKYO:7011) - Mahajak Air Conditioners (MACO) today launched a brand campaign titled Powerful - Durable - Credible, which spotlights the new state-of-the-art MHI ZSX- Series air conditioner.

Key Points: 
  • Mitsubishi Heavy Industries (MHI)(TOKYO:7011) - Mahajak Air Conditioners (MACO) today launched a brand campaign titled Powerful - Durable - Credible, which spotlights the new state-of-the-art MHI ZSX- Series air conditioner.
  • MACO and MHI Vietnam also announced Vietnam star footballer Dang Van Lam as MHIs new brand ambassador for air conditioners in the country.
  • These attributes are well in line with our "Powerful - Durable - Credible" brand campaign, affirming our core values and goal to move the world forward as a prestigious brand in Vietnam.
  • Mitsubishi Heavy Industries Vietnam is a subsidiary of Mitsubishi Heavy Industries, Ltd. (MHI), one of the worlds leading industrial firms.

MHPS Technology Upgrades at Termocandelaria Improve Colombia’s Electric Sector Capacity, Reliability and Efficiency

Thursday, January 23, 2020 - 11:00am

It meets Termocandelarias goals to create electricity more affordably and reliably and with lower carbon emissions.

Key Points: 
  • It meets Termocandelarias goals to create electricity more affordably and reliably and with lower carbon emissions.
  • MHPS has been a fundamental strategic partner for more than 13 years, said Luis Miguel Fernandez, CEO for Termocandelaria Power Ltd.
  • Mitsubishi Hitachi Power Systems Americas, Inc. (MHPS Americas), headquartered in Lake Mary, Florida, employs more than 2,000 power generation and energy storage experts and professionals.
  • MHPS Americas is a subsidiary of Mitsubishi Hitachi Power Systems (MHPS), a joint venture between Mitsubishi Heavy Industries, Ltd. and Hitachi, Ltd. integrating their operations in power generation systems.

Update: Mitsubishi Hitachi Power Systems, Patria Investments and Shell Announce Financial Close of Marlim Azul Power Plant

Tuesday, January 7, 2020 - 1:00pm

Mitsubishi Hitachi Power Systems Americas (MHPS), Patria Investments, and Shell announced the signing of a contract with Brazils State-owned development bank (BNDES) to finance the gas-powered Marlim Azul Energia power plant, in Maca (Rio de Janeiro State).

Key Points: 
  • Mitsubishi Hitachi Power Systems Americas (MHPS), Patria Investments, and Shell announced the signing of a contract with Brazils State-owned development bank (BNDES) to finance the gas-powered Marlim Azul Energia power plant, in Maca (Rio de Janeiro State).
  • Formally agreed to in December 2018, the joint venture between Patria, Shell and MHPS includes development of the plant, as well as trading of the energy generated.
  • Patria Investments has a 50.1% stake in the project, while Grupo Shell has 29.9% and MHPS has 20%.
  • MHPS Americas is a subsidiary of Mitsubishi Hitachi Power Systems (MHPS), a joint venture between Mitsubishi Heavy Industries, Ltd. and Hitachi, Ltd. integrating their operations in power generation systems.

Ship And Boat Building And Repairing Global Market Forecast To 2022

Wednesday, September 4, 2019 - 6:00pm

Ship And Boat Building And Repairing Global Market Forecast To 2022 provides the strategists, marketers and senior management with the critical information they need to assess the global ship and boat building and repairing market.

Key Points: 
  • Ship And Boat Building And Repairing Global Market Forecast To 2022 provides the strategists, marketers and senior management with the critical information they need to assess the global ship and boat building and repairing market.
  • The Ship And Boat Building And Repairing market global report answers all these questions and many more.
  • It compares the ship and boat building and repairing market with other segments of the transportation manufacturing market by size and growth, historic and forecast.
  • Markets Covered: Ship Building And Repairing, Boat Building And Repairing Ship Building, Ship Repairing , Boat Building, Boat Repairing
    Companies Mentioned: Daewoo Shipbuilding & Marine Engineering Co Ltd, Hyundai Heavy Industries, Mitsubishi Heavy Industries, Samsung Heavy Industries, General Dynamics
    Time series: Five years historic and forecast.

Mitsubishi Heavy Industries Machinery Systems Maximizes Product Uptime with Syncron

Wednesday, August 14, 2019 - 3:00pm

TOKYO and ATLANTA, Aug. 14, 2019 /PRNewswire/ -- Syncron, a provider of cloud-based after-sales service solutions focused on empowering the world's leading manufacturers to maximize product uptime and deliver exceptional customer experiences, today announced Mitsubishi Heavy Industries Machinery Systems, Ltd. (MHI MS) has selected Syncron Inventory to optimize service parts inventory management for its industrial printing and paper converting machinery.

Key Points: 
  • TOKYO and ATLANTA, Aug. 14, 2019 /PRNewswire/ -- Syncron, a provider of cloud-based after-sales service solutions focused on empowering the world's leading manufacturers to maximize product uptime and deliver exceptional customer experiences, today announced Mitsubishi Heavy Industries Machinery Systems, Ltd. (MHI MS) has selected Syncron Inventory to optimize service parts inventory management for its industrial printing and paper converting machinery.
  • An optimized service parts supply chain will become a key differentiator for manufacturers and an important prerequisite for maximizing product uptime .
  • We believe the Syncron team will be a great partner in our efforts to maximize product uptime."
  • About Mitsubishi Heavy Industries Machinery Systems, Ltd.
    Mitsubishi Heavy Industries Machinery Systems totally provides design, manufacturing, installation and after sales service for a wider range of industry and infrastructure products.

Global Gas Turbine Market for the Oil & Gas Industry 2019-2024 - Leading Players are General Electric, Siemens, Mitsubishi Heavy Industries, Solar Turbines, and Kawasaki Heavy Industries - ResearchAndMarkets.com

Tuesday, July 2, 2019 - 12:16pm

The future of the global gas turbine market looks good with opportunities in the oil and gas industry.

Key Points: 
  • The future of the global gas turbine market looks good with opportunities in the oil and gas industry.
  • Some of the gas turbines companies profiled for oil and gas industry in this report include General Electric, Siemens, Mitsubishi Heavy Industries, Solar Turbines, and Kawasaki Heavy Industries are among the major suppliers of gas turbines for oil and gas industry.
  • Growth opportunities: Analysis on growth opportunities in different applications and regions of gas turbine in the oil and gas industry market.
  • Strategic analysis: This includes M&A, new product development, and competitive landscape of gas turbine in the oil and gas industry.

J-Power Orders Two MHPS JAC Gas Turbines to Continue the Decarbonization of Illinois’ Electric Power Grid

Monday, July 1, 2019 - 2:08pm

Carbon dioxide emissions from Illinois electric power grid have fallen by 32% since 2001, due to retirement of coal-fired power plants and their replacement with a combination of natural gas and renewable power.

Key Points: 
  • Carbon dioxide emissions from Illinois electric power grid have fallen by 32% since 2001, due to retirement of coal-fired power plants and their replacement with a combination of natural gas and renewable power.
  • This new power project from J-Power continues the decarbonization trend using MHPS advanced class gas turbines, which combine industry-leading fuel efficiency and reliability, with extreme flexibility to complement variable wind and solar resources.
  • These are the 62nd and 63rd J-Series gas turbines ordered globally, and the first to offer our patented Very Low Load technology.
  • MHPS Americas is a subsidiary of Mitsubishi Hitachi Power Systems, a joint venture between Mitsubishi Heavy Industries, Ltd. and Hitachi, Ltd. integrating their operations in power generation systems.

Mitsubishi Heavy Industries to Acquire Canadair Regional Jet Program from Bombardier Inc.

Tuesday, June 25, 2019 - 1:10pm

Mitsubishi Heavy Industries, Ltd. (MHI) (TOKYO:7011) and Bombardier Inc. (TSX:BBD.B) announced today they have entered into a definitive agreement, whereby MHI will acquire Bombardiers regional jet program for a cash consideration of $550 million USD, payable to Bombardier upon closing, and the assumption by MHI of liabilities amounting to approximately $200 million USD.

Key Points: 
  • Mitsubishi Heavy Industries, Ltd. (MHI) (TOKYO:7011) and Bombardier Inc. (TSX:BBD.B) announced today they have entered into a definitive agreement, whereby MHI will acquire Bombardiers regional jet program for a cash consideration of $550 million USD, payable to Bombardier upon closing, and the assumption by MHI of liabilities amounting to approximately $200 million USD.
  • Under the agreement, Bombardiers net beneficial interest in the Regional Aircraft Securitization Program (RASPRO), which is valued at approximately $180 million USD, will be transferred to MHI.
  • This transaction represents one of the most important steps in our strategic journey to build a strong, global aviation capability.
  • Mitsubishi Heavy Industries, Ltd. (MHI), headquartered in Tokyo, is one of the worlds leading industrial firms with 80,000 group employees and annual consolidated revenues of around US$38 billion.