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 ...

JBIC ready to fund MHI-Siemens bid for Alstom

Jun 19, 2014

JBIC ready to fund MHI-Siemens bid for Alstom

The Japan Bank for International Cooperation is ready to support Mitsubishi Heavy Industries Ltd.’s joint bid with Siemens for France’s Alstom SA. “The global restructuring of the heavy electric machinery industry is taking place, and we have a mission to increase a number of ...

Mitsubishi, Siemens file joint Alstom bids

Jun 17, 2014

Mitsubishi, Siemens file joint Alstom bids

Engineering giants Mitsubishi Heavy Industries and Siemens of Germany on Monday jointly offered to buy parts of France’s Alstom and start a long-term partnership, a move that could derail a competing bid by General Electric. Siemens AG said it is offering €3.9 billion ($5.3 ...

Boeing parts makers stay on for 777X

Jun 13, 2014

Boeing parts makers stay on for 777X

Boeing has inked a deal for five Japanese companies to manufacture key components for its twin-aisle 777X jets, but the contract doesn’t include the wings, which were a source of delays for the 787 Dreamliner. The Japanese firms will make about 21 percent of ...

Defense firms pushing to boost role

| Aug 12, 2013

Defense firms pushing to boost role

by Eric Johnston

With pressure mounting from U.S. defense officials and the powerful Keidanren business group on the government to relax arms export restrictions, the military-industrial lobbies in Washington and Tokyo hope the future bilateral security relationship will incorporate their interests more robustly. At the same time, ...