Press Information
Tokyo, September 14, 2009 - Mitsubishi Heavy Industries, Ltd. (MHI) has decided to undertake a thorough revamping of its printing machinery sales and service structures in Europe. Printing machinery sales/service activities until now overseen by two dedicated local subsidiaries – MLP UK Ltd. (MLP-UK) and MLP Europe S.A. (MLP-E) in France – will henceforth be managed by Mitsubishi Heavy Industries Europe, Ltd. (MHIE) as part of its business operations. At the same time, MHIE will broaden the distributorship network throughout Europe. MHI, acting in response to current market conditions, opted to establish a slimmer, more solid business structure in order to secure profits firmly and manage its network dynamically. The new business structure will go into operation this month. In tandem with this initiative, MLP-UK and MLP-E will be liquidated.
The new division, which will serve as the new headquarters of MHI's printing business in Europe, is located in Leeds, a major city in West Yorkshire. Initially, the new division will focus on the promotion and expansion of the distributorship system. It will also aim to attract demand by introducing new sheet-fed offset press models. Plans also call for enhancement of operational efficiency by integrating the showroom and European parts center, and increased sales of parts as a major and stable source of revenue, to be achieved by increasing the number of items that can be delivered immediately on demand.
The fiercely competitive European market, despite its current difficulties, is still a major market accounting for near one-fourth of global sales. With the launch of its new structure, MHI will be solidly positioned to pursue more dynamic business developments and establish a solid business base within this vital market.
About MHI Group
Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.