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HOMENews ReleaseNew Integrated Company in the Industry & Infrastructure Business Domain to Be Named "Mitsubishi Heavy Industries Machinery Systems"

Press Information

September 01, 2017 No.2076

New Integrated Company in the Industry & Infrastructure Business Domain to Be Named "Mitsubishi Heavy Industries Machinery Systems"
-- Integration to enhance financial stability for global competitiveness, and ability to withstand changes in the business environment --

Tokyo, September 1, 2017 - Mitsubishi Heavy Industries Ltd. (MHI) will establish a new company in its Industry & Infrastructure (I&I) domain to integrate the manufacturing, procurement, and quality assurance functions of its wholly-owned subsidiaries Mitsubishi Heavy Industries Mechatronics Systems, Ltd. (MHI-MS) in Kobe, Hyogo Prefecture, and Mitsubishi Heavy Industries Printing & Packaging Machinery, Ltd. (MHI-PPM) in Mihara-shi, Hiroshima Prefecture, along with the rubber and tire machinery business of Mitsubishi Heavy Industries Machinery Technology Corporation (MHI-MT) in Nishi-ku, Hiroshima, and other specified products. The new company will be established on October 1, 2017, and named "Mitsubishi Heavy Industries Machinery Systems, Ltd."

The merger into a new company will provide sufficient business scale to ensure global competitiveness, enhance financial stability and allow the company to withstand changes in the business environment, while aiming to ensure effective utilization of human assets and other management resources. Mamoru Hasegawa, an executive officer in the I&I domain, will assume the position of president of the new company, which will have around 2,000 employees at the time of its establishment.

The MHI Group is implementing a program to expand earnings through portfolio management of various businesses and realization of group synergies. The I&I domain is pursuing restructuring and integration of small and mid-sized businesses as a strategy to strengthen these operations. This integration is part of that effort, and because the subject products have long lifecycles that make them susceptible to the broad fluctuations of economic cycles, incorporation into a single company will provide greater financial stability.

The new company, by taking advantage of personnel exchanges, synergies in sales, technologies, and manufacturing, greater efficiency in business management divisions, and concentration of investment in growth sectors, will focus on more stable business operations by strengthening individual businesses, and cross-organizational supplementing of resources.

Going forward, MHI will cooperate closely with the new company, and provide full support for its business development.

Overview of the Integrated Company (at October 1, 2017)
Company Name Mitsubishi Heavy Industries Machinery Systems, Ltd.
Head Office Location 1-1 Wadamisaki 1-Chome, Hyogo-ku, Kobe, Japan
Representative Mamoru Hasegawa, President
Business Description Design, manufacturing, supply, quality assurance, sales and service (including subsidiary businesses) for ITS, Hydraulic Machinery, Machinery Systems, Mechanical Parking Systems, Steel Structure Plants, Food & Packaging Machinery, Printing & Paper Converting Machinery, and Rubber & Tire Machinery.
No. of Employees Approx. 2,000
Capital JPY 2,000 million yen
Fiscal Period April 1 - March 31
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