Mitsubishi Heavy Industries

Mitsubishi Electric and Mitsubishi Heavy Industries Definitively Agree to Integrate Their Power-generator Systems Businesses

Retrieved on: 
Monday, May 29, 2023

Mitsubishi Electric Corporation (TOKYO: 6503) and Mitsubishi Heavy Industries, Ltd. (TOKYO: 7011) announced today that they have reached a definitive agreement to integrate their power-generator systems businesses under a joint venture.

Key Points: 
  • Mitsubishi Electric Corporation (TOKYO: 6503) and Mitsubishi Heavy Industries, Ltd. (TOKYO: 7011) announced today that they have reached a definitive agreement to integrate their power-generator systems businesses under a joint venture.
  • As previously announced , the two firms agreed in principle last December 26 on a plan to transfer their respective businesses focused on power-generator systems to a proposed joint-venture company, which Mitsubishi Electric and Mitsubishi Heavy Industries will both be the shareholder, effective April 1, 2024.
  • Today, the two companies have signed definitive agreements specifying the terms and conditions of integrating their power-generator systems businesses, the details of which are outlined below.
  • In the midst of such market changes, Mitsubishi Electric and Mitsubishi Heavy Industries have agreed to integrate related businesses, technologies and assets to enhance market competitiveness.

MHI Receives Follow-up Order for 8 Two-Car Trains for Sengkang-Punggol LRT (SPLRT)

Retrieved on: 
Tuesday, May 9, 2023

The additional order, which was received jointly with MHI's regional subsidiary Mitsubishi Heavy Industries Asia Pacific Pte.

Key Points: 
  • The additional order, which was received jointly with MHI's regional subsidiary Mitsubishi Heavy Industries Asia Pacific Pte.
  • Ltd. (MHI-AP), is part of the project to enhance the SPLRT's capacity received in January 2022(3).
  • Its transport capacity is undergoing expansion in order to accommodate the growing use of its branch lines, given local population growth in recent years.
  • Effective April 1, MHI's business operations have been integrated with those formerly performed by Mitsubishi Heavy Industries Engineering, Ltd. (MHIENG).

MHI Agrees to Collaborate with Saipem, One of Europe's Leading Engineering Companies on CO2 Capture Technologies

Retrieved on: 
Thursday, April 27, 2023

With bases in more than 70 countries, the company possesses advanced, innovative engineering technologies and has a solid track record in completed deliveries.

Key Points: 
  • With bases in more than 70 countries, the company possesses advanced, innovative engineering technologies and has a solid track record in completed deliveries.
  • With ability to accommodate numerous projects, MHI looks to ensure a leading position in the developing global CCUS market.
  • We will accelerate the CO2 capture business and create CCUS value chain in order to achieve a carbon neutral society."
  • Going forward, the Company's Engineering Solutions integrated into MHI in this April and possesses proprietary CO2 capture technologies, will vigorously advance MHI Group's CCUS operations, and contribute to reducing greenhouse gases on global scale.

Fast Attack Craft Market size to grow by USD 2,025.14 million from 2022 to 2027, Greater focus on ISR operations to drive the market growth - Technavio

Retrieved on: 
Thursday, April 20, 2023

NEW YORK, April 20, 2023 /PRNewswire/ -- The global fast attack craft market size is estimated to increase by USD 2,025.14 million from 2022 to 2027.

Key Points: 
  • NEW YORK, April 20, 2023 /PRNewswire/ -- The global fast attack craft market size is estimated to increase by USD 2,025.14 million from 2022 to 2027.
  • The greater focus on ISR operations is a major driver for the growth of the fast attack craft (FAC) market during the forecast period.
  • The report provides actionable insights and estimates the contribution of all regions to the growth of the global fast attack craft market.
  • Hence, the increasing demand for naval ships will drive the growth of the global fast attack craft (FAC) market during the forecast period.

Automated Parking Systems Market Growing to Exhibit a Remarkable CAGR of 15.78% By 2029 with Key Drivers, Size, Share, Growth and Opportunity Outlook

Retrieved on: 
Wednesday, April 19, 2023

PUNE, India, April 19, 2023 /PRNewswire/ -- Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Automated Parking Systems Market.

Key Points: 
  • Based on the component type, the automated parking systems market is segmented into hardware and software.
  • Lifts, transfer vehicles, and robots are used in non-palleted automated parking systems to park and retrieve vehicles in parking garages.
  • Owing to the rapid adoption of automated parking systems for improved parking solutions, as well as the growing use of robotic parking systems in various countries in this region.
  • Furthermore, one of the key factors driving market growth is the presence of leading global providers of automated parking systems.

Automated Parking Systems Market Growing to Exhibit a Remarkable CAGR of 15.78% By 2029 with Key Drivers, Size, Share, Growth and Opportunity Outlook

Retrieved on: 
Wednesday, April 19, 2023

PUNE, India, April 19, 2023 /PRNewswire/ -- Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Automated Parking Systems Market.

Key Points: 
  • Based on the component type, the automated parking systems market is segmented into hardware and software.
  • Lifts, transfer vehicles, and robots are used in non-palleted automated parking systems to park and retrieve vehicles in parking garages.
  • Owing to the rapid adoption of automated parking systems for improved parking solutions, as well as the growing use of robotic parking systems in various countries in this region.
  • Furthermore, one of the key factors driving market growth is the presence of leading global providers of automated parking systems.

Mitsubishi Power Begins Commercial Operation of Fifth M701JAC Gas Turbine in Thailand GTCC Power Plant Project

Retrieved on: 
Wednesday, April 19, 2023

Mitsubishi Power has delivered five of the gas turbines within the contract delivery period, and the two plants are expected to be in commercial operation by October 2024.

Key Points: 
  • Mitsubishi Power has delivered five of the gas turbines within the contract delivery period, and the two plants are expected to be in commercial operation by October 2024.
  • All four units of the Chonburi power plant commenced commercial operation in October 2022 and have exceeded 25,000 actual operating hours (AOH), demonstrating the reliability of the state-of-the-art JAC gas turbines.
  • The overall project encompasses two GTCC power generation plants, each with four power trains comprising a gas turbine, steam turbine, heat recovery steam generator, and generator.
  • We look forward to continued collaboration with Mitsubishi Power and other partners to ensure the success of this project."

MHI-AC&R Receives Excellence Award of JARAC's 40th Excellent Energy Saving Equipment Awards

Retrieved on: 
Tuesday, April 18, 2023

- MHI-AC&R has received a third consecutive accolade, following JARAC Excellence Award in 2021 and ECCJ Highest Excellence Award in 2022

Key Points: 
  • - MHI-AC&R has received a third consecutive accolade, following JARAC Excellence Award in 2021 and ECCJ Highest Excellence Award in 2022
    TOKYO, Apr 18, 2023 - (JCN Newswire) - Mitsubishi Heavy Industries Air-Conditioning and Refrigeration Corporation (MHI-AC&R), a Group company of Mitsubishi Heavy Industries, Ltd. (MHI), has received an Excellence Award in the Refurbishment Equipment category of the 40th Excellent Energy Saving Equipment Awards of the Japan Association of Refrigeration and Air-Conditioning Contractors (JARAC) for its advancement of energy saving in existing DBS refrigeration units(1) through use of a high-efficiency brine inverter centrifugal chiller.
  • The JARAC Awards were created to further promote energy saving and environmental protection of refrigeration and air-conditioning equipment by calling for examples of excellence and presenting awards of recognition as a way of contributing to the development and proliferation of energy-saving technologies, and to heighten awareness in related industries toward energy saving and environmental protection.
  • The JARAC Award marks the third consecutive year MHI-AC&R has received an industry award: in 2021 the company was presented a JARAC Excellence Award in the Refurbishment Equipment category (Award-winning equipment: Q-ton Circulation, an air-to-water heat pump), and in 2022 it received the Highest Excellence Award of the Energy Conservation Center, Japan (ECCJ) (Award-winning equipment: GART-ZE75I.HP, a heat recovery centrifugal heat pump).
  • (2) Made by Mitsubishi Heavy Industries Thermal Systems, Ltd.
    (3) COP (coefficient of performance) is an index indicating the energy consumption efficiency.

PolyCharge and Mitsubishi Heavy Industries Enter into Joint Development and Supply Agreement

Retrieved on: 
Monday, April 17, 2023

TUCSON, Ariz., April 17, 2023 /PRNewswire/ -- PolyCharge America, Inc. ("PolyCharge"), announced today that Mitsubishi Heavy Industries, Ltd. ("MHI"), and PolyCharge have entered into a Joint Development and Supply Agreement to facilitate the development and supply of capacitor products based on PolyCharge's revolutionary NanoLam™ technology.

Key Points: 
  • TUCSON, Ariz., April 17, 2023 /PRNewswire/ -- PolyCharge America, Inc. ("PolyCharge"), announced today that Mitsubishi Heavy Industries, Ltd. ("MHI"), and PolyCharge have entered into a Joint Development and Supply Agreement to facilitate the development and supply of capacitor products based on PolyCharge's revolutionary NanoLam™ technology.
  • MHI also confirmed, as part of this transaction, that it has acquired an ownership stake in PolyCharge.
  • "Our partnership with Mitsubishi Heavy Industries is a testament to the potential of our NanoLam™ technology to revolutionize the capacitor industry.
  • PolyCharge expects that the Joint Development and Supply Agreement will act as a foundation to encourage collaboration and integration on next-generation capacitor products for electrification applications.

Mitsubishi Power Asia Pacific Appoints New CEO

Retrieved on: 
Friday, April 14, 2023

New leadership reinforces Mitsubishi Power's commitment to the region, in delivering innovative solutions that support the energy transition

Key Points: 
  • New leadership reinforces Mitsubishi Power's commitment to the region, in delivering innovative solutions that support the energy transition
    Singapore, Apr 14, 2023 - (JCN Newswire) - Mitsubishi Power Asia Pacific Pte.
  • He succeeds Osamu Ono, who is currently Senior Vice President, Chief Regional Officer, Asia Pacific & India, Mitsubishi Heavy Industries (MHI).
  • I am confident that his deep experience and network will help lead Mitsubishi Power Asia Pacific toward even greater success in delivering reliable and sustainable decarbonization solutions."
  • He was then appointed Section Head of the Nagasaki Power Systems International Business Department where he oversaw commercial operation projects in Asia, Middle East and Africa, in 2012.