New CEO, Co-CEO to Lead MHI Vestas Offshore Wind
Mitsubishi Heavy Industries (MHI) and Vestas Wind Systems (Vestas) have appointed Philippe Kavafyan to Chief Executive Officer (CEO) and Lars Bondo Krogsgaard to Co-Chief Executive Officer (Co-CEO) of MHI Vestas Offshore Wind. The appointments will take effect on 1 April, 2018, and are made in accordance with the joint venture agreement's principle of changing its leadership every four years. Under the leadership of out-going CEO Jens Tommerup and Co-CEO Tetsushi Mizuno, MHI Vestas Offshore Wind has established itself as a leading player in offshore…
MHI to Integrate Two Group Companies
Effective October 1, Mitsubishi Heavy Industries, Ltd. (MHI) will integrate two of its group companies: Mitsubishi Heavy Industries Air-Conditioning and Refrigeration Corporation, which handles majority of domestic sales of air-conditioning and refrigeration (AC&R) products, and Kusakabe Co., Ltd., a company that deals in heating systems. The aim is to strengthen MHI's AC&R business by integrating the two firms' sales networks as a way to achieve enhanced marketing power. Both entities involved in the integration initiative are wholly owned subsidiaries of MHI.
Mitsubishi Plans to Shrink Ship Building Operations
Japan's Mitsubishi Heavy Industries is planning to stop taking new orders for large passenger ships, downsizing its shipbuilding operations due to a slump in orders, the Nikkei newspaper reported on Sunday. The plans by Japan's fourth-largest shipbuilder come as new shipbuilding orders have declined 80 percent so far this year, the Nikkei said. Citing unidentified sources, it said the company was considering splitting off its planning and design division and sharing shipyards with other companies.
Mitsubishi Denies GE Rumors
Japan’s largest heavy machinery maker Mitsubishi Heavy Industries Ltd. denied a newspaper report that it is in talks with General Electric Co. on a business alliance. Japanese daily Asahi Shimbun said the two companies have started negotiating to form a business alliance for small power generators. "It is not true that we have started such talks," said a spokeswoman for Mitsubishi Heavy. But she said the company will consider a variety of alliances in many business fields in the future. The newspaper said limited capital investment by Japanese power companies amid a prolonged economic slump had forced the two rivals to join hands. In May, Mitsubishi Heavy reported its first-ever loss, for the business year that ended last March.
MHI's Two New Firms Commence Operations
On October 1 two new wholly owned group companies of Mitsubishi Heavy Industries, Ltd. (MHI) succeeding to MHI's ship construction operations in the Nagasaki district will commence business operations. Mitsubishi Heavy Industries Shipbuilding Co., Ltd. will handle ship constructions, while Mitsubishi Heavy Industries Hull Production Co., Ltd. will manufacture hull blocks. By making full use of the diverse resources cultivated at the Nagasaki Shipyard & Machinery Works, the two…
Omiya Named President of MHI
Mitsubishi Heavy Industries, Ltd. (MHI) announced that Hideaki Omiya, currently an MHI Representative Director and Senior Executive Vice President, was named the new President of Mitsubishi Heavy Industries, Ltd. The decision was made at the extraordinary meeting of the board of directors, held on January 29. He will assume the new position on April 1, 2008.
MHI Establishes Australian Subsidiary
Mitsubishi Heavy Industries (MHI) has established a wholly owned subsidiary, Mitsubishi Heavy Industries Australia Pty. Ltd., which will commence operations on October 1. Headquartered in Melbourne, Victoria, the new subsidiary will have its Air Conditioning & Refrigeration Department in Sydney. Shingo Ueda, who currently serves as chief representative of MHI's Australia Representative Office was appointed as managing director of the company, while Hirokazu Kanamori will become general manager of MHI's Air Conditioning & Refrigeration Department.
Mitsubishi Heavy to Return to Shipbuilding
Japanese shipbuilding and engineering company Mitsubishi Heavy Industries Ltd. will return to building large passenger ships next year in order to meet rising demand, according to a Thomson Financial report. The company suspended its passenger shipbuilding operations after a fire on a vessel that was under construction in October 2002, the business daily said. Mitsubishi Heavy will begin taking orders next year for large cruise ships that have more than 1,000 rooms and cost about 60-100 billion yen each, the report said. Because its mainstay Nagasaki shipyard will not have any extra production capacity until 2011, actual construction of the cruise ships is not likely to begin until 2012 or later, it said. [Source: Thomson Financial]
Mitsubishi Heavy To Cut 5,000 Jobs, Forecasts Loss
Mitsubishi Heavy Industries Ltd. will cut its work force by 5,000, under a new business plan to be drawn up by the end of October. Under the staff-reduction plan, the company plans to cut its total work force to 35,000 from the current 40,000 by the end of 2003-04, company president Takashi Nishioka said. Nishioka also said the company will focus more on energy-related business, including gas turbines and fuel cells, and seek to further expand cooperation with Boeing Co. and Airbus Industries in the aviation business. Mitsubishi Heavy also announced that it expects a group net loss of $500 million for the year ending March 2000, compared to a May forecast of nil profit and an actual net profit of $170 million a year ago.
Mitsubishi Heavy To Cut 5,000 Jobs, Forecasts Net Loss
Mitsubishi Heavy Industries Ltd. announced it will cut its work force by 5,000 under a new business plan to be drawn up by the end of October. Under the staff-reduction plan, the company plans to cut its total work force to 35,000 from the current 40,000 by the end of 2003-04. The company will reportedly focus more on energy-related business, including gas turbines and fuel cells, and seek to further expand cooperation with Boeing Co. and Airbus Industries in the aviation business. Mitsubishi Heavy also announced that the company is expecting a group net loss of $500 million for the year to March 2000, against a May forecast of nil profit and an actual net profit of $170 million a year ago.
First LPG Carrier Order for MHI Shipbuilding
Mitsubishi Heavy Industries Shipbuilding Co., Ltd., a group company of Mitsubishi Heavy Industries, Ltd. (MHI), announced it has received an order from Astomos Energy Corporation for a very large liquefied petroleum gas (LPG) carrier. The order marks the very first to be received by Mitsubishi Heavy Industries Shipbuilding since the company's launch on October 1. The LPG carrier on order is identical to the four vessels Astomos Energy has already ordered to MHI since 2013. According to the builder…
Mitsubishi Heavy Industries Revamp Singapore Businesses
MHI to launch new Mitsubishi Heavy Industries Engineering & Services Private Ltd. (MIES) in Singapore, integrating three local afiliated companies. Effective October 1st 2012 Mitsubishi Heavy Industries, Ltd. (MHI) will launch a new company, Mitsubishi Heavy Industries Engineering & Services Private Ltd. (MIES), to supersede the current MHI Industrial Engineering & Services Private Ltd. (also abbreviated as MIES) after taking over various business functions of two other MHI subsidiaries in Singapore. Going forward the new company will handle a broader range of MHI business areas and will also serve as a global business center to support expansion of MHI's worldwide operations. Through this initiative MHI looks to further expand business in each of its product segments.
MHI Tables Ships Built in Year 2013
Mitsubishi Heavy Industries, Ltd. (MHI) announce its (diminished on 2012) vessel construction figures during the calendar year 2013 as follows:
Japanese Yards Form Alliance
Three major Japanese shipbuilders are forming an alliance on commercial vessels and ocean engineering to survive competition with South Korean shipyards. The three firms -- Ishikawajima-Harima Heavy Industries, Kawasaki Heavy Industries Ltd and Mitsui Engineering & Shipbuilding Co Ltd will cooperate on joint procurement of materials and design skills for building commercial vessels, aiming to cut production costs. They will decide in one or two years whether to spin off their divisions for commercial ships and ocean engineering to form a joint venture, a Kawasaki spokesman said. If they do so, the joint firm's sales are likely to rise to a level equal to that of Mitsubishi Heavy Industries Ltd, spokesmen for the three shipbuilders said. The alliance excludes military ships.
Japanese Consortium Pulls Out of Brazilian Shipyard Ecovix
A consortium of Japanese shipyards decided to sell its stake of Ecovix, which controls the Rio Grande Shipyard, reports Reuters. Mitsubishi Heavy Industries, four other shipbuilders said in October 2013 acquired 30% of Ecovix-Engevix Construcoes Oceanicas in a deal reportedly worth some 30 billion yen (about $305 million at the time). In addition to MHI, the Japanese group includes Mitsubishi Co and the Imabari, Namura and Oshima Shipbuilding companies. Mitsubishi Heavy owns about half of the stake, bought through a special-purpose company.
Water-Treatment Companies Searched Over Bid-rigging
More than 10 major water-treatment plant makers, including Mitsui Engineering & Shipbuilding Co. and Mitsubishi Heavy Industries Ltd., were searched Tuesday by the Fair Trade Commission on suspicion of repeatedly rigging bids for contracts from local governments, as reported by the Japan Times. Also raided were Sumitomo Heavy Industries Ltd., JFE Engineering Corp., Kubota Corp., Ebara Corp., Hitachi Zosen Corp., Takuma Co. and Ataka Construction and Engineering Co. Most of the companies confirmed they were being searched by the antimonopoly watchdog but declined comment on the reason. The firms are suspected of conspiring to select bid winners and fix bid prices for contracts for building water-treatment plants…
MHI Names New President
Mitsubishi Heavy Industries, Ltd. (MHI) names Shunichi Miyanaga as the company's new President. The new president is currently an MHI Representative Director and Senior Executive Vice President. Hideaki Omiya, MHI's current President, will become Chairman of the company succeeding Kazuo Tsukuda, who will become Senior Corporate Advisor. Oct. Oct. 2000 President of MHI-HITACHI Metals Machinery, Inc. Apr. 2002 President of Mitsubishi-Hitachi Metals Machinery, Inc. Jun. 2002 Retired from Mitsubishi Heavy Industries, Ltd. Mar. 2006 Retired from the post of President of Mitsubishi-Hitachi Metals Machinery, Inc. Apr. 2006 Senior Vice President, Deputy Head of Machinery Headquarters, Mitsubishi Heavy Industries, Ltd. Apr. Jun. Apr.
Chinese Engine Builder Celebrates Milestone
Qingdao Qiyao Wartsila MHI Linshan Marine Diesel Co. (QMD) in Qingdao, China, marks its rapid growth as an engine builder with production of one million horsepower of two-stroke marine engines. (One million refers to the accumulated power output in brake horsepower of the engines produced by QMD since the start of its operations in January 2009). The milestone was reached with the completion of a seven-cylinder Wärtsilä RT-flex82T engine, the second in a series of six, designed for the propulsion of large commercial cargo ships, tankers, bulk carriers and containerships. For customers, the benefits of the Wärtsilä RT-flex82T engine include high efficiency with low fuel costs, llow emissions and flexible engine operational modes.
LNG Carriers on the Upswing
This past March concluded an agreement between Mitsui O.S.K. Lines and Kawasaki Shipbuilding for construction of an LNG carrier with a capacity of 145,000 cu. m. With two of the carriers already delivered to Mitsui for use by both Oman and Algeria under co-ownership, this agreement marks the third informal order placed for this such vessel. In addition, both Kawasaki Shipbuilding and Mitsubishi Heavy Industries received an order for one 145,000 cu. m. carrier with the decision left open to buy another LNG from the Oman government this past July. The first carrier, which will be built at Kawasaki Shipbuilding’s Sakaide Works is set for delivery in December 2005. An option for a second carrier is being carried out at Mitsubishi Heavy Industries.
Japanese Marine Engine Major Plans LNG Engine
Mitsubishi Heavy Industries Ltd. will unveil by 2015 a natural-gas-powered engine that emits 30% less carbon dioxide than conventional models. The machinery manufacturer has improved existing technology to develop a combustion engine that efficiently burns high-pressure gas through direct injection reports the Wall Street Journal from the 26, November 2012 edition of Nikkei. The engine will be marketed to customers after emissions levels and fuel economy are tested through a trial run that starts in late 2013 at Mitsubishi Heavy's Kobe shipyard. It is intended for liquefied-natural-gas carriers, large tankers and containerships. Source: Wall Street Journal
Mitsubishi Strikes Deal with Carnival Corp. to Build Two Cruise Ships
Mitsubishi Heavy Industries, Ltd. (MHI) announced the company has reached an agreement, and signed a memorandum of agreement (MoA), with Carnival Corporation & plc calling for the construction of two new 125,000-ton cruise ships for its AIDA Cruises brand. The ships will be the largest ever constructed for this cruise line. Delivery for these two 3,250 passenger ships is scheduled in March 2015 and March 2016. The MoA is subject to execution of definitive agreements, financing and other customary closing conditions.
China Machine Tool Showroom for MHI
Mitsubishi Heavy Industries, Ltd. (MHI) is to open a showroom of the company's machine tools within its machine tool production plant in Changshu, Jiangsu Province. With the showroom MHI aims to demonstrate the high-performance features of its machine tools, including gear cutting machines, as well as the company's ability to respond to customer needs; at the same time the new facility will also enhance user support, including consultation on technical matters and trial cutting. The new machine tool showroom will be opened at Changshu Ryoju Machinery Co., Ltd., where MHI has been producing gear cutting machines since April 2011. It will initially exhibit MHI's best-selling GE15A dry-cut gear hobbing machine, which was MHI's first machine tool produced at the plant.
Xerox, MHI Ink ITS Project Deal
Today, at the ITS World Congress and Exhibition, Xerox and Mitsubishi Heavy Industries (MHI), both leaders in transportation solutions, signed a Memorandum of Understanding to explore, globally, on a case-by-case basis, potential joint Intelligent Transport System (ITS) opportunities. "The ITS offerings of Xerox and MHI complement one another," said Ken Philmus, senior vice president, Transportation Services, Xerox. The parties will focus on electronic collection, telematics and intelligent parking in which Xerox has proficiency in back-end software and operations…