MHI Establishes China Subsidiary
Mitsubishi Heavy Industries (MHI) has established Mitsubishi Heavy Industries China Co., Ltd. (MHIC) in Beijing to serve as a regional headquarters overseeing all company business in China. MHIC, capitalized at US$31 million, is a wholly owned subsidiary of MHI. Kenji Yuasa, formerly MHI's general representative in China, has been appointed general manager.
MHIC initially started with 14 employees, including office staff assigned to a Shanghai branch, scheduled to open in February. Plans further call for MHIC to set up liaison offices in China's interior regions, where high economic growth is expected.
MHI entered the Chinese market in the 1980's. By establishing MHIC to oversee all business conducted in China, MHI now expects to further enhance its presence in this country.
For more information: www.mhi.co.jp/en