MHI Establishes First Power Systems Subsidiary in Thailand to Respond to Market Expansion in Southeast Asia.Tokyo, Japan, Nov 30, 2006 - (JCN JCN Japan Corporate News
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JCN joint communications network (US DoD) Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI MHI Manufactured Housing Institute
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MHI Material Handling Institute ) has established a marketing and information-gathering base in Thailand in a quest to attract expanded orders overseas for its gas turbine combined-cycle (GTCC GTCC Greater Than Class C (waste)
GTCC Gas Turbine Combined-Cycle (power plant)
GTCC Government Travel Charge Card
GTCC General Trading & Contracting Company ) plants and other power generation equipment. The new company, Mitsubishi Power Systems (Thailand) Ltd. (MPS-T), will commence full-scale operations on December 1, 2006. Through the new base MHI aims to further enhance its customer-tailored marketing activities in Thailand and neighboring neigh·bor
1. One who lives near or next to another.
2. A person, place, or thing adjacent to or located near another.
3. A fellow human.
4. Used as a form of familiar address.
v. countries, where large increases in power demand are expected.
MPS-T is established by Mitsubishi Power Systems (Asia Pacific) Pte. Ltd. (MPS-AP) (48%), MHI (1%) and Thai local companies (51%). MPS-AP was established on July 1, 2006 as a head office overseeing MHI's power systems business throughout the Southeast Asia Southeast Asia, region of Asia (1990 est. pop. 442,500,000), c.1,740,000 sq mi (4,506,600 sq km), bounded roughly by the Indian subcontinent on the west, China on the north, and the Pacific Ocean on the east. region. MPS-T is MHI's first subsidiary in Thailand dedicated exclusively to power systems operations.
Electricity demand is expected to increase sharply in Thailand on the back of that country's solid economic growth in recent years. In response, power plant construction projects are being planned in significant numbers. Plans call for approximately 10,000 MW power generation capacity to be newly added between 2011 and 2015. Under Thai government policy, the country's electricity market is to be further liberalized and many independent power producers (IPP (Internet Printing Protocol) A protocol for printing and managing print jobs over the Internet using HTTP. Initially conceived by Novell, Xerox and others, the IETF made it a standard in 2000 that includes authentication and encryption. See printing protocol and LPD. ) are expected to enter the market, rivaling existing utility companies. MHI opted to establish a regional base for marketing and information gathering dedicated to power systems business in recognition of the need to strengthen its capability to respond quickly and effectively to the needs of the region's diversifying customers.
In tandem Adv. 1. in tandem - one behind the other; "ride tandem on a bicycle built for two"; "riding horses down the path in tandem"
tandem with MPS-AP, MPS-T will explore the needs of the expanding power generation market by aggressively conducting proposal-oriented marketing activities. It will also widely cultivate the local market's trust in MHI by responding precisely to customer needs through involvement in various projects from their initial stage. At the outset the subsidiary will engage mainly in marketing and information gathering, but in the future MHI aims for MPS-T to become a window for EPC (1) (Entertainment PC) See HTPC.
(2) (Electronic Product Code) A standard code for RFID tags administered by EPCglobal Inc. (www.epcglobalinc.org). (engineering, procurement and construction The introduction to this article is vague. To comply with Wikipedia's guidelines, it should be improved. ) contracts as may be needed.
The power systems business is one of MHI's core pillars for generating profits in its 2006 medium-term business plan, and increasing the company's share in the international markets is highly important. Following the establishment of the new base in Thailand, MHI intends to probe establishing other overseas bases for its power systems operations.
Outline of Mitsubishi Power Systems (Thailand) Ltd. (MPS-T)
Business: Market research and business development related to new projects, EPC work, parts sales and after-sale services Products: Thermal (coal- and oil-fired) and gas turbine combined-cycle (GTCC) power generation systems; medium- and small-sized power systems; diesel, wind, hydro and geothermal power equipment Capitalization: 16 million baht (approximately 50 million yen) President: Mitsuo Sasago Office: 2/3 Bangna Towers Tower A 8th floor, Moo 14 Bangna-Trad Road K.M.6.5, Bangkaew, Bangplee, Samutprakarn, 10540, Thailand Telephone: 66-2-751-9355/9359, Facsimile: 66-2-751-9354 Employees: Eleven
About Mitsubishi Heavy Industries, Ltd.
Mitsubishi Heavy Industries, Ltd. (TSE See Tokyo Stock Exchange.
1. See Tokyo Stock Exchange (TSE).
2. See Toronto Stock Exchange (TSE). : 7011, 'MHI'), headquartered in Tokyo, Japan, is one of the world's leading heavy machinery manufacturers, with consolidated sales of 2,792 billion yen in fiscal 2005 (year ended March 31, 2006). MHI's diverse lineup A criminal investigation technique in which the police arrange a number of individuals in a row before a witness to a crime and ask the witness to identify which, if any, of the individuals committed the crime. of products and services encompasses shipbuilding, power plants, chemical plants, environmental equipment, steel structures, industrial and general machinery, aircraft, space rocketry rock·et·ry
The science and technology of rocket design, construction, and flight.
the science and technology of the design and operation of rockets
and air-conditioning systems. For more information, please visit the MHI website at http://www.mhi.co.jp
Source: Mitsubishi Heavy Industries, Ltd.
Hideo Ikuno Email: firstname.lastname@example.org Tel: +813-6716-5277 Fax: +813-6716-5929 Daiya PR (for Mitsubishi Heavy Industries, Ltd.)
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