MHI to Establish Power System Business Subsidiary in London; Response to Rising Demand for Power Generation Systems in EU.Tokyo, Japan, Oct 18, 2007 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI MHI Manufactured Housing Institute MHI Montreal Heart Institute (Montreal, Quebec, Canada) MHI Median Household Income MHI Main Hawaiian Islands MHI Material Handling Institute ) established a subsidiary in the UK, in London, on October 8 in a quest to attract expanded orders in Europe for its power generation systems, including 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. Through the new base, MHI aims to respond to demand for power generation equipment in the EU market, which is expected to expand significantly, through further enhanced locally tailored marketing activities in the region as well as active collaboration with European companies It may never be fully completed or, depending on its its nature, it may be that it can never be completed. However, new and revised entries in the list are always welcome. This is a list of companies from the countries in the European Union. . The new company, Mitsubishi Power Systems Europe, Ltd. (MPSE MPSE Motion Picture Sound Editors MPSE Mexican Payload Specialist Experiment MPSE Multi-Polar Security Environment (TRADOC) ), will not only conduct order-taking activities for newly constructing thermal power generation plants but also provide after-sales services after-sales service n (BRIT) (COMM) (for car, washing machine etc) → servicio de asistencia pos-venta after-sales service n → service m and promotes expansion of renewable energy Renewable energy utilizes natural resources such as sunlight, wind, tides and geothermal heat, which are naturally replenished. Renewable energy technologies range from solar power, wind power, and hydroelectricity to biomass and biofuels for transportation. business, such as and wind turbines and photovoltaic The generation of voltage by a material that is exposed to light in the visible and invisible ranges. See photoelectric and photovoltaic cell. power generation systems. Future plans call for MPSE to expand its territory to cover the Middle East and Russia. In the EU, as electricity demand surges due to economic growth, demand for power generation equipment for new power plants and for rehabilitation rehabilitation: see physical therapy. of aged plants is increasingly sharply. Against this backdrop, sales of gas and steam turbines are expected to treble in volume between 2006 and 2013. Investments into renewable energy applications such as wind turbines and photovoltaic power generation are also robust, supported by aggressive subsidizing policies throughout the region that today are making the EU the world's largest market. MHI decided to establish a base in Europe dedicated to the power system business in order to respond swiftly and effectively to this rapid market expansion. In addition, the company has been accelerating cooperation with European companies in the power system business in various manners and needed to establish a local subsidiary to control these activities, too. MHI's power generation systems have penetrated widely into the EU market through numerous power plant and plant equipment deliveries to date, and several projects are currently being negotiated. The company has already delivered about 30 units of its large-size steam turbines to local customers, including ENDESA in Spain. It has also delivered more than 30 gas turbines to the EU, mainly to the UK and Spain. MHI has positioned power system operations as one of its core businesses in its current (2006) medium-term business plan, and it is targeting share expansion in the global market. The company has established Mitsubishi Power Systems Americas, Inc. (MPSA MPSA Midwest Political Science Association MPSA Microsoft Personal Security Advisor MPSA Military Postal Service Agency MPSA Mineral Production Sharing Agreement MPSA Mississippi Private School Association MPSA Mobile Payment Services Association ) in the U.S.A. in 2001 and Mitsubishi Power Systems (Asia Pacific) Pte. Ltd. (MPS-AP) in Singapore in 2006. The establishment of MPSE completes company's three-pole structure for overseas power system business in which MPSE will play an important role to boost the company's global business in the EU. Outline of Mitsubishi Power Systems Europe, Ltd. (MPSE)
Scope of business: Order processing and servicing activities for
power system products; and management of project
execution and long-term service agreements (LTSA)
Products handled: Gas turbines, steam turbines, boilers, wind
turbines, photovoltaic and geothermal power
generation equipment, marine diesels, and others.
Capitalization: 7 million pounds (approximately 1,645 million yen)
President: Akio Fukui (currently overseeing European business
at MHI's Power Systems Headquarters)
Office location: London
Number of employees: 25
About Mitsubishi Heavy Industries Mitsubishi Heavy Industries, Ltd. (TSE See Tokyo Stock Exchange. TSE 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 3,068 billion yen in fiscal 2006 (year ended March 31, 2007). MHI's diverse lineup of products and services encompasses shipbuilding, power plants, chemical plants, environmental equipment, steel structures, industrial and general machinery, aircraft, space rocketry rock·et·ry n. The science and technology of rocket design, construction, and flight. rocketry Noun 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 Contact: Mitsubishi Heavy Industries Hideo Okuno Daiya PR (for MHI) h.ikuno@daiya-pr.co.jp +81-3-6716-5277 Japan Corporate News Network. All rights reserved. |
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