Mitsubishi Generator Commences Operations
Mitsubishi Generator Commences Operations
Mitsubishi Electric Corporation (TOKYO: 6503) and Mitsubishi Heavy Industries, Ltd. (TOKYO: 7011) jointly announced today that they have completed the integration of their respective power-generator systems businesses under Mitsubishi Generator Co., Ltd., which commenced operations today.
Previously, the two companies signed an agreement with MTG Co., Ltd., Mitsubishi Generator’s predecessor company, for an absorption-type company split, and then began working to spin off and integrate their respective businesses, as announced on December 11, 2023.
Mitsubishi Generator will now combine the technologies and assets of the two respective businesses to achieve enhanced market competitiveness. The integration is expected to realize strong synergies that will enable Mitsubishi Generator to expand its power-generator systems business on a global scale and thereby contribute to the realization of a carbon-neutral world.
Overview of Mitsubishi Generator Co., Ltd. (as of April 1, 2024)
Name |
Mitsubishi Generator Co., Ltd. |
Head office |
1-1-2 Wadasakicho, Hyogo-ku, Kobe City, Hyogo |
President |
Naohiro Nakano |
Business |
1. Design, manufacture, sales and after-sales servicing of generator and electrical equipment/devices associated with generators for power plant facilities. 2. Other businesses incidental or related to the above. |
Paid-in capital |
1,000 million yen |
Fiscal year end |
March 31 |
For the full text, please visit: www.MitsubishiElectric.com/news/
Media inquiries
Mitsubishi Electric Corporation
Public Relations Division
prd.gnews@nk.MitsubishiElectric.co.jp
Mitsubishi Heavy Industries, Ltd.
Corporate Communication Department
mediacontact_global@mhi.com
Inquiries from non-media sources
Mitsubishi Generator Co., Ltd.
Corporate Strategic Planning Division
1-1-2 Wadasaki-cho, Hyogo-ku, Kobe-shi, Hyogo 652-8555, Japan
corporate.info_MG@MitsubishiGenerator.co.jp
View source version on businesswire.com: https://www.businesswire.com/news/home/20240331899914/en/
-
After Earnings, Is Alphabet Stock a Buy, a Sell, or Fairly Valued?
-
When Will the Fed Start Cutting Interest Rates?
-
What’s the Difference Between the CPI and PCE Indexes?
-
Powell Unfazed By Sticky Inflation, but Rate Cuts Are Far Off
-
After Earnings, Is Microsoft Stock a Buy, a Sell, or Fairly Valued?
-
Best- and Worst-Performing Stocks of April 2024
-
Magnificent 7 Stocks Earnings Updates: AI Remains the Focus
-
Small-Cap and Value Stocks Are Undervalued
-
Apple Earnings: iPhone Growth Forecasts Drive Change in Fair Value
-
4 Utility Stocks to Play the AI Data Center Boom
-
Albemarle Earnings: We Expect Improved Results In the Rest of Year Following Cyclically Low Profits
-
Novo Nordisk Earnings: Raised Fair Value Estimate Still a Contrast to Market Overenthusiasm
-
After Earnings, Is Verizon Stock a Buy, a Sell, or Fairly Valued?
-
Look Inside Berkshire Hathaway’s Portfolio Before Its Annual Meeting
-
How to Invest Like Warren Buffett
-
Cognizant Earnings: Improved Profitability Buttresses Results as Customer Spending Remains Muted