MHI to Transfer its Meiki Engine to New Subsidiary

Press Release
Friday, March 30, 2012

Mitsubishi Heavy Industries (MHI) to transfer small-size engine business to subsidiary company MES

Mitsubishi Heavy Industries, Ltd. (MHI) has decided to transfer its small-size, air-cooled, gasoline engine business - its Meiki Engine operations - to Mitsubishi Heavy Industries Engine Systems Co., Ltd. (MES).

MES is a wholly owned marketing and service subsidiary of MHI located in Shinagawa, Tokyo, and reports to the parent company's General Machinery and Special Vehicles headquarters in Sagamihara. By concentrating all manufacturing and marketing activities related to small-size, air-cooled gasoline engines to MES, MHI aims to establish a light and more effective operational structure capable of responding to rapid changes in a crowded market, thereby enhancing the competitiveness of Meiki Engines.

MES will take over the relative operations from MHI through a so-called simplified absorption-type split. The transfer will cover all operations involving small-size, air-cooled gasoline engines with outputs ranging from 0.7 to 9.6 kilowatts, which are mainly installed in agricultural machinery and generators. As a result of this transfer, MES will handle all aspects of the Meiki Engine business, from manufacturing to marketing and product support. This new structure will streamline feedback to the production sector concerning customer needs and make related marketing activities more effective.

MHI will continue to handle the development of the next generation small engines. The market is rapidly shifting toward electric-powered devices and electronic-control technology, and MHI plans a company-wide effort bringing together the expertise of manufacturing, marketing and research & development divisions to make sure that next-generation Meiki Engines meet customer expectations.

Established in 2006, MES handles marketing and service activities related to diesel and gas engine power generation systems, industrial-use engines, marine engines and turbochargers.

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

ICC Conference Focuses on Platform to Settle Disputes

The 5th ICC International Commercial Mediation Conference has brought together leading mediators, arbitrators, corporate managers and in-house counsel from around

Keystone XL Costs to Nearly Double - TransCanada

The total cost of TransCanada Corp's controversial Keystone XL pipeline is likely to nearly double following six years of regulatory delays, a company spokesman said on Friday.

Chevron To Find Buyers for Hawaiian Refinery

Chevron Corp has hired an investment bank to identify potential buyers of its 54,000 barrel-a-day refinery in Kapolei on the Hawaiian island of Oahu, a company official said.

Marine Power

Dann Marine Repowers With Cummins Tier 3 Engines

Dann Marine Towing, LC., is a fifth generation family owned and operated tugboat company based in Chesapeake City, MD. The model-bow twin-screw tug Sea Coast was

General Dynamics Wins US Navy Award for F/A-18 Mission Computers

General Dynamics Advanced Information Systems, a business unit of General Dynamics, was awarded a $16.2 million contract by the U.S. Navy to produce Type-3 Advanced

Vroon’s VOS Famous Launched

Vroon’s newbuilding ERRV, VOS Famous, was launched in China yesterday. This 50-m ERRV (emergency response and rescue vessel) is under construction at Nanjing East Star Shipyard.

Mergers & Acquisitions

Sulzer Shareholder has 5 pct Dresser-Rand Stake

Russian billionaire Viktor Vekselberg's Swiss investment firm Renova Group said on Friday it had a 4.99 percent stake in U.S.-based Dresser-Rand, which might become the object of a takeover battle.

Source: Siemens Offering $6.1 bln for Dresser Rand

Germany's Siemens plans to offer more than $6.1 billion, or $80 per share, for U.S. compressor and turbine maker Dresser-Rand, Germany's Manager Magazin said on Friday.

Global Ship Lease to Acquire Containership

Global Ship Lease, Inc. has  announced  that it has agreed to acquire a 8,063 TEU containership from a leading container liner company for a purchase price of $55 million.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Pipelines Port Authority Salvage Ship Electronics Ship Simulators
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2578 sec (4 req/sec)