MHI to Spin Off Small-scale Gasoline Engine Business
2017年9月14日 - 12:38PM
JCN Newswire (英)
Effective October 1, Mitsubishi Heavy Industries, Ltd. (MHI)
will spin off its small-scale air-cooled gasoline engine
business-the Meiki Engine lineup. A new company, Mitsubishi Heavy
Industries Meiki Engines Co., Ltd. (MHIM), will be formed from the
spin off. In creating a dedicated new company, MHI aims to pursue
improved revenue by securing higher value as a brand of
domestically manufactured engines.
MHIM will launch via an absorption-type split, evolving out of a
preparatory company already established as a wholly owned
subsidiary of Mitsubishi Heavy Industries Engine &
Turbocharger, Ltd. (MHIET), which in turn is wholly owned by
Mitsubishi Heavy Industries Forklift, Engine & Turbocharger
Holdings, Ltd., an MHI Group company. MHIM will integrate the
functions of the Meiki Engines' technical development currently
performed by MHIET and the engine production, marketing and
servicing functions now conducted by Mitsubishi Heavy Industries
Engine Systems Co., Ltd. (MHIES), a wholly owned subsidiary of
MHIET. MHIM will initially be capitalized at 300 million yen, with
head office in Nagoya. Hiroshi Sugita, currently General Manager of
MHIES's Meiki Engine Production Division, will be MHIM's inaugural
president and CEO.
Production of Meiki Engines began in 1946 in Nagoya. The
wide-ranging Meiki Engines product lineup, is especially popular
for agricultural use. In recent years, as production of gasoline
engines has increasingly shifted overseas, Meiki Engines has built
a robust track record serving the Japanese market as an OEM.
With the establishment of MHIM there will be increased focus on
improving operating efficiency and speed of management decisions.
By continuously improving technological capabilities, shortening
delivery times, and elevating quality levels, the new company will
further enhance the brand value of Meiki Engines as a lineup of
domestically produced small-scale air-cooled gasoline engines.
Going forward, MHI will work closely with MHIM and offer all-around
support to the new company's business development.
About Mitsubishi Heavy Industries, Ltd.
Mitsubishi Heavy Industries, Ltd. (MHI), headquartered in Tokyo, is
one of the world's leading industrial firms with 80,000 group
employees and annual consolidated revenues of around 38 billion
U.S. dollars. For more than 130 years, the company has channeled
big thinking into innovative and integrated solutions that move the
world forward. MHI owns a unique business portfolio covering land,
sea, sky and even space. MHI delivers innovative and integrated
solutions across a wide range of industries from commercial
aviation and transportation to power plants and gas turbines, and
from machinery and infrastructure to integrated defense and space
systems.
For more information, please visit the MHI Group website:
http://www.mhi-global.com.
For Technology, Trends and Tangents, visit MHI's new online media
SPECTRA: http://spectra.mhi.com.
Source: Mitsubishi Heavy Industries, Ltd.
Contact:
Joseph Hood, PR Manager
Mitsubishi Heavy Industries, Ltd.
Email: mhi-pr@mhi.co.jp
Tel: +81-(0)3-6716-2168
Fax: +81-(0)3-6716-5860
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