Effective April 1, Mitsubishi Heavy Industries (MHI) will reorganise three of its group companies – Kobe-based Mitsubishi Heavy Industries Mechatronics Systems (MHI-MS), Yokohama-based Mitsubishi Heavy Industries Parking (MHI-P) and Hiroshima-based Mitsubishi Heavy Industries Bridge & Steel Structures Engineering (MBE) – into a newly launching company that will comprehensively handle operations in machinery and steel structures. The new company will be provided with a solid corporate structure enabling flexible response to medium- and long-term changes in the business environment, targeting a stable financial base and expanded earnings from related operations.
The new company will be launched with MHI-MS, whose operations currently involve mechanical and environmental systems and equipment, as the surviving enterprise. MHI-P, which deals in mechanical parking systems, will be absorbed, and the steel structures operations of MBE, which now does business in that area as well as in bridges, will be split off and taken over by the new company. MHI-MS’s corporate name will be retained. The new company will be capitalised for EUR 7M. The head office will be in Kobe, and major operating bases will be set up in the Minatomirai and Kanazawa districts of Yokohama. MHI-MS president Nozomu Watanabe will serve as the new company’s president.
