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MHI To Launch Dedicated Compressor Business

Posted on December 16, 2009

Mitsubishi Heavy Industries (MHI) recently announced plans to establish a new company dedicated to compressor business operations, effective April 1, 2010. The new wholly owned subsidiary will integrate MHI's current operations in compressors with those of MHI Turbo-Techno Co. (MTT) which now handles related aftermarket sales services.

The company will be established by transferring MHI's current compressor business operations to MTT. The new enterprise will handle compressor design, engineering, marketing and aftermarket sales services. Compressor manufacture and assembly will continue to be performed by MHI's Industrial Machinery Business, Technology & Solutions Department. The main office of the new company will be located at the Kan-on plant in Hiroshima.

This business segment is expected to expand in both chemical applications such as ethylene, fertilizer and methanol production as well as resource and energy applications including gas processing, LNG production/storage and the environment.

According to the company, MHI and the new dedicated compressor business company will target business expansion by promoting the development of new markets and enhancing existing international business. These goals will be pursued by strengthening marketing activities to the oil and gas majors and by assigning experts to the emerging markets, the company said.

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