English | 简体中文 | 繁體中文 | 한국어 | 日本語
Thursday, 31 October 2019, 12:41 HKT/SGT
Share:
    

Source: Mitsubishi Heavy Industries, Ltd.
MHI Group Announces Update to 2018 Medium-Term Business Plan (MTBP), Outlines Strategic Path to Growth
- Midway through 2018 MTBP, MHI is executing as planned, strengthening financial foundations by embedding cash flow management processes
- Management focused on balancing business growth and financial stability. Reflecting committed M&A deals and the current state of the medium-lot product market, FY2020 targets revised
- Growth to be driven by combining MHI's core competencies in mechanical systems with innovative technologies in decarbonization, electrification, and intelligence

TOKYO, Oct 31, 2019 - (JCN Newswire) - Mitsubishi Heavy Industries (MHI) Group today announced an update to its 2018 Midterm Business Plan, outlining a path to growth that sees it focus on Decarbonization, Electrification and Intelligence. With manufacturing at the core, MHI Group will expand business areas that take on changing social values and technological innovations, developing new cutting edge mechanical systems.

The Group will shift resources from current businesses and reorganize its business portfolio to drive growth in areas that reflect the current needs of customers and society as a whole.
The update also sees the Group changing its previous target of 5,000 billion yen in revenue by the end of FY2020, now targeting 4,700 billion.

Details of the plan can be found here: https://bit.ly/34eurIi.

About Mitsubishi Heavy Industries, Ltd.

Mitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial firms. For more than 130 years, we have channeled big thinking into solutions that move the world forward - advancing the lives of everyone who shares our planet. We deliver innovative and integrated solutions across a wide range of industries, covering land, sea, sky and even space. MHI Group employs 80,000 people across 400 locations, operating in three business domains: "Power Systems," "Industry & Infrastructure," "Aircraft, Defense & Space." We have a consolidated revenue of around 40 billion U.S. Dollars. We aim to contribute to environmental sustainability while achieving global growth, using our leading-edge technologies. By bringing people and ideas together as one, we continue to pave the way to a future of shared success.

For more information, please visit MHI's website: https://www.mhi.com
For Technology, Trends and Tangents, visit MHI's new online media SPECTRA: https://spectra.mhi.com

Contact:
Corporate Communication Department
Mitsubishi Heavy Industries, Ltd.
Email: [email protected]
Tel: +81-(0)3-6275-6200


Source: Mitsubishi Heavy Industries, Ltd.

Topic: Press release summary
Sectors: Energy, Engineering
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2019 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 
Mitsubishi Heavy Industries, Ltd. Links

http://www.mhi-global.com

https://www.youtube.com/user/DiscoverMHI

https://www.linkedin.com/company/mitsubishi-heavy-industries

Mitsubishi Heavy Industries, Ltd. Releated News
Dec 3, 2019 14:08 HKT/SGT
MHI Thermal Systems Wins 22nd "Environment Minister's Award for Global Warming Prevention Activity" for its High-efficiency Next-generation ETI-Z Series Centrifugal Chillers
Dec 3, 2019 11:00 HKT/SGT
三菱重工サーマルシステムズ、低GWP冷媒採用で環境保全・省エネをリード
Dec 2, 2019 17:00 HKT/SGT
三菱日立パワーシステムズ、スペイン・マドリッドで開催の「COP25」JAPANパビリオンに出展
Dec 2, 2019 16:30 HKT/SGT
三菱重工、人事異動を発表
Dec 2, 2019 14:00 HKT/SGT
三菱重工業、ミャンマーのヤンゴンに駐在員事務所を開設
More news >>
Copyright © 2019 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 400 879 3881 | Hong Kong: +852 8192 4922 | Singapore: +65 6653 1210 | Tokyo: +81 3 6859 8575