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Notice Concerning Conclusion of Absorption-type Split Agreement Pertaining to Succession to MHI's Intellectual Properties in Steel and Metal Production Machinery Business by Consolidated Group Company
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Tokyo, July 31, 2014 - Mitsubishi Heavy Industries, Ltd. (MHI), at a Board of Directors meeting held today, approved a company split whereby its intellectual properties and related assets, rights and obligations pertaining to its steel and metal production machinery business will be transferred to Mitsubishi-Hitachi Metals Machinery, Inc. (MH), a consolidated group company. Because the split entails transfer to a consolidated group company, the following disclosure contents omit some items and details.
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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.