New Integrated Company in the Industry & Infrastructure Business Domain to Be Named "Mitsubishi Heavy Industries Machinery Systems"

The merger into a new company will provide sufficient business scale to ensure global competitiveness, enhance financial stability and allow the company to withstand changes in the business environment, while aiming to ensure effective utilization of human assets and other management resources. Mamoru Hasegawa, an executive officer in the I&I domain, will assume the position of president of the new company, which will have around 2,000 employees at the time of its establishment.

The MHI Group is implementing a program to expand earnings through portfolio management of various businesses and realization of group synergies. The I&I domain is pursuing restructuring and integration of small and mid-sized businesses as a strategy to strengthen these operations. This integration is part of that effort, and because the subject products have long lifecycles that make them susceptible to the broad fluctuations of economic cycles, incorporation into a single company will provide greater financial stability.

The new company, by taking advantage of personnel exchanges, synergies in sales, technologies, and manufacturing, greater efficiency in business management divisions, and concentration of investment in growth sectors, will focus on more stable business operations by strengthening individual businesses, and cross-organizational supplementing of resources.

Going forward, MHI will cooperate closely with the new company, and provide full support for its business development.