Apr 23, 2015

MHI to shut two Yokohama plants, move some production offshore

Mitsubishi Heavy Industries Ltd. said Thursday it will shutter two Yokohama factories producing power generation equipment and move the operations elsewhere in Japan and overseas. Both MHI’s Kanazawa plant and a plant jointly run with Hitachi Ltd. are expected to be closed. MHI aims ...

Mar 10, 2015

Mitsubishi Heavy wins UAE satellite launch order

Mitsubishi Heavy Industries Ltd. said Monday that it has won its third foreign satellite launch order, from an organization of the United Arab Emirates. The Emirates Institution for Advanced Science and Technology placed the order for the launch of its KhalifaSat Earth observation satellite. ...

Jan 7, 2015

Mitsubishi Heavy to delay delivery of fighter prototype

Mitsubishi Heavy Industries Ltd. is unlikely to meet the March deadline for delivery of the first test version of a Japan-made stealth fighter to the Defense Ministry, government sources said Tuesday. The delay was caused by the need to verify a way to restart ...

Dec 24, 2014

Mitsubishi Heavy looks to spin off ship-building business

Mitsubishi Heavy Industries Ltd. is considering spinning off part of its ship-building business to turn around its overall earnings, sources said. The heavy machinery maker may set up a separate company to build vessels such as liquefied natural gas and liquefied petroleum gas carriers ...

Jul 8, 2014

Mitsubishi and MHI to acquire stake in UAE water firm

Mitsubishi Corp. and Mitsubishi Heavy Industries have announced they have entered into an agreement with a water firm in the United Arab Emirates to acquire a 38.4 percent share in its water and wastewater projects. The joint statement Monday did not disclose how much ...

Jun 22, 2014

Mitsubishi Heavy, Siemens to reflect after losing Alstom bid

Mitsubishi Heavy Industries Ltd. and Siemens AG of Germany need to review their business strategy now that the French government has chosen General Electric Co.’s rival bid for the energy-related operations of Alstom SA. Mitsubishi Heavy said in a statement it “acknowledges and regrets ...

Paris picks GE for Alstom

Jun 21, 2014

Paris picks GE for Alstom

France chose General Electric to form an alliance with the power and rail company Alstom on Friday, rejecting an offer from Siemens and Mitsubishi Heavy Industries (MHI), but said the deal still needs some work and the government will buy a 20 percent stake ...

Jun 20, 2014

MHI-Siemens' offer for Alstrom improved

Mitsubishi Heavy Industries Ltd. and Siemens AG have improved their offer for Alstom SA on Friday, raising the stakes in the takeover battle with General Electric Co. for the French maker of high-speed trains and power equipment. Siemens and Mitsubishi Heavy raised the cash ...