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Encyclopedia > Mitsubishi Heavy Industries, Ltd.

Mitsubishi Heavy Industries, Ltd (MHI) (三菱重工業, Mitsubishi Jūkōgyō) TYO: 7011 is a Japanese company. It is one of core companies of Mitsubishi Group. The main trading room of the Tokyo Stock Exchange, where nowadays the trading is done by computers The Stock Exchange occupies a narrow site in Tokyos securities district The Tokyo Stock Exchange (abbreviated TSE) is a stock exchange market located in Tokyo, Japan. ... The Mitsubishi companies, or the Mitsubishi Group of Companies or the Mitsubishi Group is a large group (keiretsu) of independently operated Japanese companies which share the Mitsubishi brand name. ...

Contents


History

In that year, Yataro Iwasaki, the founder of Mitsubishi took a lease of Government-owned Nagasaki Shipyard. He named it Nagasaki Shipyard & Machinery Works, and started the shipbuilding business on a full scale. This shipbuilding business was later turned into Mitsubishi Shipbuilding Co., Ltd., and was again launched as Mitsubishi Heavy- Industries, Ltd. in 1934, establishing its position as the largest private firm in Japan, manufacturing ships, heavy machinery, airplanes, and railroad cars. Following the end of World War II, a law aimed at dissolving "zaibatsu" or Nagasaki Shipyard &Machinery Works dismantling the over concentration of economic power was in effect. Thus, in 1950, MHI was divided into three entities: West Japan Heavy-Industries, Ltd., Central Japan Heavy-Industries, Ltd. and East Japan Heavy-Industries, Ltd. It was later consolidated in 1964 and reborn as Mitsubishi Heavy Industries, Ltd.


First President Yataro Iwasaki In 1970, MHI's automobile department became independent and Mitsubishi Motors Corporation began manufacturing and marketing automobiles. Integrating each company's management and technical expertise and enhancing competitiveness in domestic and international markets, MHI has come a long way.


Product lines

  • Shipbuilding / Marine structures
  • Steel structures and construction
  • Power systems
  • Nuclear energy systems
  • Machinery
  • Aerospace

Manufactures the first and second stage systems and solid strap-on boosters for the H-IIA F7. The H-IIA is a family of liquid-fuelled rockets providing an expendable launch system for the purpose of launching satellites into geostationary orbit. ...

  • General machinery
  • Air conditioning and refrigeration systems
  • Industrial machinery
  • Paper and printing machinery
  • Machine tool
  • Light rail vehicles

Technology

Investor information

Shareholders

Major Shareholders (as of March 31, 2005):

Japan Trustee Services Bank, Ltd. ... The Master Trust Bank of Japan, Ltd. ... The Master Trust Bank of Japan, Ltd. ... The Bank of Tokyo-Mitsubishi, Ltd. ... Meiji Yasuda Life Insurance Company (明治安田生命保険相互会社; Meiji Yasuda Seimei Hoken Sōgo-kaisha) is a Japanese life insurance company. ... The Tokio Marine & Nichido Fire Insurance Co. ... The State Street Bank and Trust Company is a bank. ... The Master Trust Bank of Japan, Ltd. ... The Mitsubishi Trust and Banking Corporation was a Japanese trust bank. ... The Bank of New York NYSE: BK, founded by Alexander Hamilton in 1784, is the oldest bank in the United States and has a distinguished history of serving clients around the world through its five primary businesses: Securities Servicing and Global Payment Services Private Client Services and Asset Management Corporate...

Subsidiaries

  • Mitsubishi Heavy Industries America, Inc.
  • Mitsubishi Heavy Industries Europe, Ltd.
  • Mitsubishi Heavy Industries, (Hong Kong) Ltd.

External links


  Results from FactBites:
 
U.S.-Japan Cooperative Development: Progress on FS-X Program Enhances Japanese Aerospace Capabilities (Chapter Report, ... (18478 words)
Mitsubishi Heavy Industries, a Japanese company, is the prime contractor and is responsible for portions of the airframe, some avionics, digital flight controls, and support equipment.
Mitsubishi officials said that they purchased the composite-related machinery and avionics and composite testing facilities with the firm's own funds and officials from Japan's Ministry of International Trade and Industry (MITI) said that their ministry had not made expenditures for the FS-X program.
Throughout the development process, Japan, particularly Japanese industry, sought to achieve many of the objectives of an indigenous development program that it was denied as a result of the political compromise that led to U.S. involvement in the program.
Mitsubishi Motors and Mitsubishi Heavy Industries may team up to create a fuel cell-powered automobile (428 words)
Mitsubishi Motors is looking to work with Mitsubishi Heavy Industries in order to produce a viable, commercial automobile that runs on fuel cell power.
Mitsubishi Motors Corp. and Mitsubishi Heavy Industries Ltd. are considering joint development of an environment-friendly fuel-cell vehicle as part of the struggling automaker's revival effort under the heavy machinery maker's leadership, sources familiar with the matter said Monday.
Mitsubishi Heavy Industries is a leader in the development of fuel cells, particularly in the field of polymer electrolyte fuel cells.
  More results at FactBites »

 

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