Mitsubishi establishes new subsidiary that includes rubber and tire machinery

LSRUNQI

Mitsubishi establishes new subsidiary that includes rubber and tire machinery

8 D) c' E) Q, d5 u- k9 C/ _Thursday, December 1, 2011

+ s3 k5 |) g- f! k" jTokyo, Japan - Mitsubishi Heavy Industries will establish a new subsidiary to handle the industrial machinery business, including material handling systems and rubber and tire machinery, effective April 1, 2012. The new company, to be wholly-owned by MHI, will be created by integrating the industrial machinery business, currently being operated by the Industrial Machinery Business, Technology & Solutions Division of MHI, and three existing MHI group companies, including MEC Engineering Service Co. (MEC). Specifically, the pertinent businesses of MHI’s Industrial Machinery Business, Technology & Solutions Division, will be succeeded by MEC, a wholly-owned MHI subsidiary, through a company split. At the same time, Hiroshima Ryoju Engineering and Ryosen Engineers will merge with MEC. The new company will locate its head office in Nishi-ku, Hiroshima Prefecture, and will mainly handle marketing, design, manufacturing, installation and after-sale services for machineries such as material handling systems, rubber and tire machinery, upstream equipment in iron-making and chemical industry-use machinery. Of the new company’s businesses, the material handling systems and rubber and tire machinery concerns will shift their production overseas to allow domestic operations to focus on the enhancement of marketing and engineering capabilities.