Mitsubishi Group

Digital Realty Reports First Quarter 2024 Results

Retrieved on: 
Thursday, May 2, 2024
Sale, SGX, Mitsubishi Group, Mitsubishi Corporation, Digital Realty, Acquisition, GI Partners, Blackstone Inc., NOI, Cryptocurrency

As previously disclosed, in the first quarter, Digital Realty successfully resolved its relationship with Cyxtera, with the closing of a series of transactions with Brookfield Infrastructure Partners L.P., Cyxtera Technologies and Digital Core REIT.

Key Points: 
  • As previously disclosed, in the first quarter, Digital Realty successfully resolved its relationship with Cyxtera, with the closing of a series of transactions with Brookfield Infrastructure Partners L.P., Cyxtera Technologies and Digital Core REIT.
  • Digital Realty received $277 million for its interest in four data centers and redeployed $55 million to buy out Cyxtera's leases in Digital Realty's Frankfurt and Singapore data centers.
  • Digital Realty also exercised its option to purchase a data center outside of London, UK, which is expected to close in the second quarter.
  • Digital Realty maintained its 2024 Core FFO per share and Constant-Currency Core FFO per share outlook of $6.60 - $6.75.

Chamberlain Group's myQ Connected Garage Named an Automotive News PACE Award Finalist

Retrieved on: 
Tuesday, April 30, 2024
Chamberlain Group, Mitsubishi Group, OAK, Craftsman, Original equipment manufacturer, Senior, Volkswagen, PACE, Mercedes-Benz, Automotive News, Satellite navigation device

OAK BROOK, Ill., April 30, 2024 /PRNewswire/ -- Chamberlain Group (CG), global leader in intelligent access and Blackstone portfolio company, was named a finalist in the 2023-2024 Automotive News PACE Award program for its vehicle-embedded, myQ Connected Garage solution.

Key Points: 
  • OAK BROOK, Ill., April 30, 2024 /PRNewswire/ -- Chamberlain Group (CG), global leader in intelligent access and Blackstone portfolio company, was named a finalist in the 2023-2024 Automotive News PACE Award program for its vehicle-embedded, myQ Connected Garage solution.
  • The myQ Connected Garage is transformative cloud technology that enables drivers to control and monitor their garage door opener and other connected devices remotely using their vehicle's infotainment head unit and built-in connectivity.
  • Most other brands of garage door openers can be easily upgraded to a compatible smart garage with a myQ Smart Garage Control device .
  • "It is an honor to have our auto innovation named an Automotive News PACE Award finalist," said Jim Trainor, Senior Vice President & General Manager of Automotive Business, Chamberlain Group.

Few small SUVs excel in new IIHS front crash prevention test

Retrieved on: 
Thursday, April 25, 2024
Chevrolet Equinox, Semi-trailer, Escape, Motorcycle, CR-V, CX-5, Mitsubishi Group, Toyota, RAV4, SUV, Research, Ford Escape, Forester, Jeep, Volkswagen, Record, Hyundai, Ford, Subaru, Crash, Volkswagen Taos, Equinox, Outlander, AEB, IIHS, Road

“This is a vital update to one of our most successful test programs,” IIHS President David Harkey said.

Key Points: 
  • “This is a vital update to one of our most successful test programs,” IIHS President David Harkey said.
  • The original vehicle-to-vehicle front crash prevention evaluation was developed when the technology was relatively new, so the performance requirements only addressed low-speed crashes.
  • While real-world data indicate that front crash prevention is eliminating higher-speed crashes, the original test didn’t provide a way to gauge the performance of specific systems at those higher speeds.
  • Updated front crash prevention ratings: Small SUVs

Marimaca Copper Project Development and Exploration Update

Retrieved on: 
Monday, April 15, 2024
Copper, DFS, Society, Geology, Mitsubishi Group, News, Chilean, TSX, Legislation, Qualified person (European Union), MOD, Colégio, Rio de Janeiro, Mining, FEED, Regional geology

VANCOUVER, British Columbia, April 15, 2024 (GLOBE NEWSWIRE) -- Marimaca Copper Corp. (“Marimaca Copper” or the “Company”) (TSX: MARI) is pleased to provide an update on development activities at the Marimaca Oxide Deposit (the “MOD”) led by Ausenco Chile (“Ausenco”), and exploration activities at the Sierra de Medina property block, located ~25km from the MOD.

Key Points: 
  • VANCOUVER, British Columbia, April 15, 2024 (GLOBE NEWSWIRE) -- Marimaca Copper Corp. (“Marimaca Copper” or the “Company”) (TSX: MARI) is pleased to provide an update on development activities at the Marimaca Oxide Deposit (the “MOD”) led by Ausenco Chile (“Ausenco”), and exploration activities at the Sierra de Medina property block, located ~25km from the MOD.
  • Additionally, initial exploration trenching and surface sampling at the Mercedes East satellite target, located ~1km north of the MOD, has been initiated (see Figure 3)
    Hayden Locke, President and CEO of Marimaca Copper, commented:
    “The Marimaca Team, in collaboration with Ausenco and Mitsubishi, is moving rapidly toward our 2024 development milestones at the MOD.
  • It is an exciting time to be de-risking what is shaping up to be a very high-quality copper development project in the MOD.
  • Marimaca Copper undertakes no obligation to update publicly or otherwise revise any forward-looking statements contained herein whether as a result of new information or future events or otherwise, except as may be required by law.

Malaysia Elevators and Escalators Market Growth Forecast 2024-2029: Sustainable Construction Practices and Regulatory Maintenance to Drive Expansion - ResearchAndMarkets.com

Retrieved on: 
Monday, April 29, 2024
Construction & Property, Building Systems, USD, DOSH, CBM, MIDA, LRT, Sale, Malaysian Investment Development Authority, Country Garden, Petronas Towers, KLCC, Mitsubishi Group, Jen McGowan, CMCO, TKE, Travel, School, Heart, Urban renewal, Holding, NTP, OEM, Condition, Mitsubishi Electric, Automation, Rapid Rail, BIM, ThyssenKrupp, Hitachi, Klungkung Regency, Occupational safety and health, Building information modeling, Elevator, Printing, Ministry, Glass, Fujitec, Natural Resources, Government, Safe, Growth, IBS, Elevator mechanic

The "Malaysia Elevators and Escalators Market - Size & Growth Forecast 2024-2029" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Malaysia Elevators and Escalators Market - Size & Growth Forecast 2024-2029" report has been added to ResearchAndMarkets.com's offering.
  • The Malaysia elevator and escalator market size is expected to grow at a CAGR of 3.82% from 2023-2029.
  • The top 4 prominent vendors, including Schindler, TKE KONE, and Mitsubishi, account for 35% of the Malaysia elevator and escalator market share.
  • These projects are projected to support the growth of the Malaysia elevator and escalator market.

Shearer Supply Acquires Climatic Comfort Products from The Climatic Corporation

Retrieved on: 
Monday, April 8, 2024
HVAC, Residential Building & Real Estate, Manufacturing, Commercial Building & Real Estate, Construction & Property, Building Systems, Investcorp, Growth, Shearer, Mitsubishi Group, Ameristar, CCP, Acquisition, Gibson Dunn, American Standard

Leading HVAC distributor Shearer Supply announced today that it has acquired Climatic Comfort Products (“CCP”), the HVAC distribution subsidiary of The Climatic Corporation.

Key Points: 
  • Leading HVAC distributor Shearer Supply announced today that it has acquired Climatic Comfort Products (“CCP”), the HVAC distribution subsidiary of The Climatic Corporation.
  • Family owned and operated since 1936, CCP has evolved over the last 88 years into a leading distributor of HVAC equipment in the Southeast.
  • “The acquisition of CCP fits well with our strategy of acquiring complementary businesses located in attractive geographies representing best-in-class equipment manufacturers,” said Michelle Shearer-Rodriguez, CEO of Shearer Supply.
  • Gibson, Dunn & Crutcher LLP represented Shearer Supply in the transaction.

Mitsubishi Electric to Transfer Distribution Transformer Business to Hitachi Industrial Equipment Systems

Retrieved on: 
Friday, April 5, 2024
Technology, Utilities, Manufacturing, Energy, Other Manufacturing, Hardware, Transfer, Electricity, Growth, Mitsubishi Group, Head, Mitsubishi Electric, Industrial, Investment, OT, Power, FA, Hitachi, Electric power

Hitachi Industrial Equipment Systems Co., Ltd. (Head Office: Chiyoda-ku, Tokyo; President and CEO: Yasuhiro Takeuchi; hereinafter “Hitachi Industrial Equipment Systems”) and Mitsubishi Electric Corporation (Head Office: Chiyoda-ku, Tokyo; President & CEO: Kei Uruma; hereinafter “Mitsubishi Electric”) today announced that they have agreed to transfer the distribution transformer business of Mitsubishi Electric’s Nagoya Works, which develops and manufactures factory automation (FA) equipment, to Hitachi Industrial Equipment Systems and integrate their businesses (hereinafter “Business Transfer”).

Key Points: 
  • Hitachi Industrial Equipment Systems Co., Ltd. (Head Office: Chiyoda-ku, Tokyo; President and CEO: Yasuhiro Takeuchi; hereinafter “Hitachi Industrial Equipment Systems”) and Mitsubishi Electric Corporation (Head Office: Chiyoda-ku, Tokyo; President & CEO: Kei Uruma; hereinafter “Mitsubishi Electric”) today announced that they have agreed to transfer the distribution transformer business of Mitsubishi Electric’s Nagoya Works, which develops and manufactures factory automation (FA) equipment, to Hitachi Industrial Equipment Systems and integrate their businesses (hereinafter “Business Transfer”).
  • After obtaining approval from the relevant authorities, assets and other items related to the distribution transformer business (development, design, manufacturing, sales, and maintenance) at Mitsubishi Electric’s Nagoya Works will be transferred to Hitachi Industrial Equipment Systems in stages beginning in October 2024, with completion scheduled for April 1, 2026.
  • The Business Transfer does not include the transformers manufactured at Mitsubishi Electric’s Transmission & Distribution Systems Center, Ako Factory.
  • Through this Business Transfer, Hitachi Industrial Equipment Systems will expand its product lineup of highly energy-efficient and eco-friendly transformers and accelerate the growth of grid edge solutions centered on power distribution systems, mainly in the domestic market.

Thailand Elevator and Escalator Market Insights Report 2024-2029: Sustainable Construction Practices to Increase the Demand for Elevator Installation in Residential Buildings - ResearchAndMarkets.com

Retrieved on: 
Monday, April 1, 2024
Construction & Property, Building Systems, Fujitec, Congress, Growth, EEC, IMAX, DOSH, Mitsubishi Group, ThyssenKrupp, Partnership, REIC, Radisson Hotel Group, Transport, Mitsubishi Electric, Tourism, Water, Atmosphere, Collection, Hitachi, Government, Occupational safety and health, Safe, Kasikornbank, Major Cineplex

The "Thailand Elevator and Escalator Market - Size & Growth Forecast 2024-2029" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Thailand Elevator and Escalator Market - Size & Growth Forecast 2024-2029" report has been added to ResearchAndMarkets.com's offering.
  • The key players in the Thailand elevator and escalator market are KONE, Otis, Hyundai Elevator, TK Elevator, Mitsubishi Electric, Hitachi, Schindler, and Fujitec.
  • The plan will contribute to the Thailand elevator and escalator market expansion during the forecast period.
  • It will be in Pattaya and is projected to support the Thailand elevator and escalator market expansion.

Mitsubishi Generator Commences Operations

Retrieved on: 
Monday, April 1, 2024
Utilities, Technology, Manufacturing, Other Technology, Energy, Other Manufacturing, Hardware, Mitsubishi Heavy Industries, Mitsubishi Group, Mitsubishi Electric

Mitsubishi Electric Corporation (TOKYO: 6503) and Mitsubishi Heavy Industries, Ltd. (TOKYO: 7011) jointly announced today that they have completed the integration of their respective power-generator systems businesses under Mitsubishi Generator Co., Ltd., which commenced operations today.

Key Points: 
  • Mitsubishi Electric Corporation (TOKYO: 6503) and Mitsubishi Heavy Industries, Ltd. (TOKYO: 7011) jointly announced today that they have completed the integration of their respective power-generator systems businesses under Mitsubishi Generator Co., Ltd., which commenced operations today.
  • Mitsubishi Generator will now combine the technologies and assets of the two respective businesses to achieve enhanced market competitiveness.
  • The integration is expected to realize strong synergies that will enable Mitsubishi Generator to expand its power-generator systems business on a global scale and thereby contribute to the realization of a carbon-neutral world.
  • Overview of Mitsubishi Generator Co., Ltd. (as of April 1, 2024)

MUFG Bank, Ltd. Announces MUFG to Introduce Share-Based Compensation Plan for Employees

Retrieved on: 
Thursday, March 28, 2024
Banking, Professional Services, Human Resources, Finance, ESOP, Settlor, Culture, MUFG Bank, Job satisfaction, Plan, Growth, Mitsubishi Group, ROE, Acquisition, Beneficiary, Trust, Treasury, Eligibility, Trustee, Multimedia, Life insurance

(1) The Plan adopts a scheme called an employee stock ownership plan (the “ESOP Trust”).

Key Points: 
  • (1) The Plan adopts a scheme called an employee stock ownership plan (the “ESOP Trust”).
  • Each Covered Company shall establish share-based compensation plan rules regarding the Plan.
  • Dividends on MUFG’s shares in the ESOP Trust shall be distributed in the same manner as dividends on other MUFG shares.
  • The voting rights of the MUFG shares in the ESOP Trust shall not be exercised throughout the trust period.