Everything about Mitsubishi Heavy Industries totally explained
is a
Japanese company. It is one of the core companies of
Mitsubishi Group.
History
In 1870
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.
In 1970, MHI's automobile department became independent and
Mitsubishi Motors began manufacturing and marketing automobiles.
Product lines and Businesses
Aerospace systems
As the leading company of the Japan's aerospace industry, Mitsubishi Heavy Industries(MHI) has been engaged in the development and production of a wide variety of aerospace products and thus contributed to the advancement of Japan, a technology-oriented nation, through its cutting-edge technologies.
In the defense sector, MHI has consistently produced jet fighters for Japan Air Self-Defense Force and anti-submarine helicopters for Japan Maritime Self-Defense Force, as well as various other products, such as aero-engines, missiles and torpedoes. The company also plays an important role in the Ballistic Missile Defense System program. In addition, MHI is preparing itself to respond to the needs of the joint operation capabilities.
In the civil aircraft sector, MHI takes charge of the development and manufacture of major airframe components, including fuselage panels for Boeing 777 and composite-material wing boxes for the 787. In the space systems sector, MHI is the producer of the
H-2A launch vehicle, Japan's main rocket, and now provides launch services to
JAXA for H-2A launches. The company is also involved in the international space station program.
Nuclear energy systems
The nuclear business of MHI operates facilities Kobe,
Yokohama, Kanagawa,Takasago, Hyogo. It also operates a nuclear fuel manufacturing plant in
Tōkai, Ibaraki which processes 440 Metric tons of Uranium per year.
MHI has also developed the
Mitsubishi APWR, which, as of July 2007, has been selected for use in two sites in Japan and the United States. MHI has also signed a memorandum of understanding with
Areva for the establishment of a joint venture for their next reactor design.
MHI has also been selected as the core company to develop a new generation of
Fast Breeder Reactors (FBR) by the Japanese government. After that announcement was made, MHI established a new company,
Mitsubishi FBR Systems, Inc. (MFBR) specifically for the development and realization for FBR technology, starting what is likely to be the most aggressive corporate venture into FBR and
Generation IV reactor technology.
Technology
Investor information
Shareholders
Major Shareholders (as of March 31, 2005):
Japan Trustee Services Bank, Ltd. (Holder in Trust) (4.85%)
The Master Trust Bank of Japan, Ltd. (Holder in Trust) (4.07%)
The Master Trust Bank of Japan, Ltd. (Holder in Retirement Benefit Trust for The Bank of Tokyo-Mitsubishi, Ltd.) (3.72%)
Meiji Yasuda Life Insurance Company (2.37%)
Tokio Marine & Nichido Fire Insurance Co., Ltd. (1.87%)
State Street Bank and Trust Company (505103) (1.80%)
The Master Trust Bank of Japan, Ltd. (Holder in Retirement Benefit Trust for The Mitsubishi Trust and Banking Corporation) (1.36%)
The Bank of New York. Treaty Jasdec Account (0.99%)
Mitsubishi Heavy Industries Employee Shareholding Association (0.96%)
BNP Paribas Securities (Japan), Ltd. (0.93%)
Clients
Boeing
MTR
SBS Transit
Singapore Changi Airport
Washington Dulles International Airport
Milwaukee Brewers/Miller Park retractable roof
Rolls-RoyceFurther Information
Get more info on 'Mitsubishi Heavy Industries'.
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