MHI Set for Engine Growth
Company being established to handle MHI's marine machinery and marine diesel engine business
Mitsubishi Heavy Industries, Ltd. is establishing a company dedicated to handling its marine machinery and marine diesel engine business from October 1.
Through this initiative, MHI said it aims to accelerate its global business development activities and expand its market share of MHI technology-based products in the marine machinery and engine sector.
The new company will be headquartered in Nagasaki, Japan and have business bases in Kobe and Tokyo to handle development, design, marketing, after-sales service, and licensing activities for marine machinery and diesel engines. Marine-related procurement and manufacturing will continue to be handled by MHI and partner companies.
MHI said it will aggressively promote licensing to overseas companies and the establishment of joint ventures in Korea, China, and other markets. By enabling responsive and efficient management and close interaction with customers and markets, the company will be able to compete more aggressively on the global stage, it said.