English | 简体中文 | 繁體中文 | 한국어 | 日本語
Thursday, 6 February 2020, 13:00 HKT/SGT

Source: Mitsubishi Heavy Industries, Ltd.
MHI Changes Business Structure to Drive Growth Strategies
New Structure Takes Effect April 1, 2020

- "Growth Strategy Office" to be established under direct CEO supervision, enabling enhanced exploration and development of new businesses
- Existing businesses to be strengthened through reorganization into 3 domains and 4 segments, with flat organization to drive growth

TOKYO, Feb 6, 2020 - (JCN Newswire) - Effective April 1, Mitsubishi Heavy Industries, Ltd. (MHI) will reorganize its corporate structure with the establishment of a new "Growth Strategy Office" to enable exploration and development of new businesses, as well as reorganizing its business domains and segments which will lead to a flatter organization to help accelerate its growth strategy.

The reorganization will include absorption of MHI's wholly-owned Group company Mitsubishi Heavy Industries Forklift, Engine & Turbocharger Holdings, Ltd. (M-FET).

With the new reorganization program, MHI will harness its Group-wide synergies to strengthen earning capacity and global market competitiveness while responding to changes in the external business environment, including the need to accelerate decarbonization initiatives and deal with U.S.-China trade frictions.

For the full release visit https://www.mhi.com/news/story/20020601.html.

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

Source: Mitsubishi Heavy Industries, Ltd.

Topic: Press release summary
Sectors: Energy
From the Asia Corporate News Network

Copyright © 2020 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

Mitsubishi Heavy Industries, Ltd. Links




Mitsubishi Heavy Industries, Ltd. Releated News
Sept 24, 2020 13:00 HKT/SGT
三菱重工サーマルシステムズ、ビル用マルチエアコンの3D-CADデータを9月から順次公開 空調機器のBIM対応へ
Sept 24, 2020 09:00 HKT/SGT
Sept 23, 2020 17:00 HKT/SGT
Sept 17, 2020 15:00 HKT/SGT
三菱重工、統合レポート「MHI REPORT 2020」を発行
Sept 14, 2020 16:10 HKT/SGT
MHI Thermal Systems' Air Conditioners for the Australian and New Zealand Markets Receive Canstar Blue Award for Second Straight Year
More news >>
Copyright © 2020 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | 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