Press Information
Decisions Reached on Name of New Wholly Owned Subsidiary in Machine Tools Business, and Name and Position of Representative
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Tokyo, September 8, 2015 -As announced July 31, in October Mitsubishi Heavy Industries, Ltd. (MHI) will be transferring its machine tools business to a wholly owned subsidiary through an absorption-type company split arrangement. The name of the successor company as well as the name and position of the new entity' inaugural representative, both described as "o be announced"in previous disclosure notices, have now been decided as indicated below. The new information is provided in italics.
Profile of the Successor Company Post-Split
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| Successor Company |
| (1) | Name | Mitsubishi Heavy Industries Machine Tool Co., Ltd. |
| (2) | Head office | 130, Roku-jizo, Ritto, Shiga Prefecture, Japan |
| (3) | Representative | Seiji Shirao, President |
| (4) | Business | Design, manufacture and marketing of machine tools, cutting tools, engine valves and related products; consulting services, product installation, operational guidance, repair, refurbishment, inspection, storage, etc. |
| (5) | Capital | 3,000 million yen |
| (6) | Fiscal year end | March 31 |
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.