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New Company "Mitsubishi Heavy Industries Thermal Systems, Ltd."
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Tokyo, October 3, 2016 - "Mitsubishi Heavy Industries Thermal Systems, Ltd.", the 100% subsidiary of Mitsubishi Heavy Industries, Ltd. (MHI) that has taken over MHI's air conditioning & refrigeration (AC & R) business , commenced on October 1. Kaoru Kusumoto, former general manager of the AC & R division in Machinery, Equipment & Infrastructure Business Domain was inaugurated as the President and CEO of the new company.
This reorganization is expected to encourage swifter decision making and increased operational efficiency of the New Company and result in strengthen its competitiveness and earning capability in the global market.
Mitsubishi Heavy Industries Thermal Systems, Ltd. has redefined its mission to provide innovative solutions for thermal issues around the globe in order to enhance and enrich people's life and, at the same time, to contribute the efficient energy usage and reduction of CO2 emissions.
Specifically, the New Company will devote its effort on developing not only high performance heat pump products for superseding boilers that mostly burn fossil fuels, but high-efficiency products using low GWP (Global Warming Potential) refrigerants, and improve customer experience by after-sales services.
MHI will fully support this business development while closely cooperating with Mitsubishi Heavy Industries Thermal Systems, Ltd.
| Company name | Mitsubishi Heavy Industries Thermal Systems, Ltd. |
|---|---|
| Head Office address | 16-5 Konan 2-chome, Minato-ku, Tokyo, 108-8215, Japan |
| Representative | Kaoru Kusumoto, President and CEO |
| Business content | Design, procurement, manufacture, quality control, sales and after-sales services of air-conditioning & refrigeration systems and their ancillary products. |
| Number of employees | Approximately 600 |
| Capital | 12,000 million yen |
| Fiscal year end | March 31 |
| Website | http://www.mhi-mth.co.jp/en/index.html  |
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.