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Mitsubishi Heavy Industries Ltd (7011.T)

7011.T on Tokyo Stock Exchange

430JPY
29 Sep 2016
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Latest Key Developments (Source: Significant Developments)

Mitsubishi Nichiyu Forklift plans full acquisition of UniCarriers Corp
2:31am EDT 

Mitsubishi Nichiyu Forklift Co Ltd <7105.T> : Says co, which is the unit of Mitsubishi Heavy Industries Ltd <7011.T>, plans to buy 65 percent stake of shares(245,375 shares) in UniCarriers Corp, from Mitsubishi Heavy Industries' wholly owned unit Mitsubishi Heavy Industries Forklift & Engine Turbocharger Holdings Ltd . Says transaction amount is 76.81 billion yen and effective date on Jan. 1, 2017 .Co will hold a 100 percent stake in UniCarriers Corp after transaction up from 35 percent.  Full Article

Hitachi, Toshiba, Mitsubishi Heavy near deal on nuclear fuel - Nikkei
Wednesday, 28 Sep 2016 01:27pm EDT 

Nikkei: Hitachi, Toshiba, Mitsubishi heavy near deal on nuclear fuel - Nikkei . Hitachi, Toshiba, Mitsubishi heavy are in final talks to integrate their nuclear fuel businesses as early as Spring - - Nikkei .Hitachi, Toshiba, Mitsubishi heavy expected to form joint holding co for their nuclear fuel businesses and will consider eventually merging them into one entity - Nikkei.  Full Article

MHI Vestas wins 92.4 MW order in Aberdeen, UK
Tuesday, 27 Sep 2016 07:26am EDT 

Danish-Japanese joint venture MHI Vestas offshore wind turbine manufacturer : Says has received an order to supply 11 V164-8.0 megawatt turbines for Vattenfall-owned company, Aberdeen Offshore Wind Farm Ltd. . The 92.4 megawatt European Offshore Wind Deployment Centre project will conduct testing and demonstration of next generation products and services . Says the turbines will be the first to be able to power up to 8.4 megawatt . Installation and commissioning expected in the first half of 2018 . Will deliver a service contract of up to 20 years . Says blades for the Aberdeen Offshore Wind Farm will be produced at the MHI Vestas blade factory on the Isle of Wight Further company coverage: [VWS.CO][7011.T] (Copenhagen newsroom) ((copenhagen.newsroom@thomsonreuters.com; +45 33 96 96 03;)).  Full Article

Mitsubishi Heavy Industries on track to net more than $49 billion in orders for the first time this fiscal year - Nikkei<7011.T>
Monday, 12 Sep 2016 02:39pm EDT 

Nikkei : Mitsubishi Heavy Industries on track to net more than $49 billion in orders for the first time this fiscal year - Nikkei . Mitsubishi Heavy Industries forecasts operating profit of 330 billion yen for fiscal 2016 - Nikkei .  Full Article

Nissan, 3 Companies agree to hold equity stakes in Mitsubishi Motors for next decade - Nikkei
Friday, 9 Sep 2016 01:26pm EDT 

: Nissan Motor, 3 Companies In Mitsubishi Group Have Agreed To Hold Equity Stakes In Mitsubishi Motors For Next Decade - Nikkei . Mitsubishi Corp., Mitsubishi Heavy Industries, Bank Of Tokyo-Mitsubishi UFJ Will Maintain At Least 17% Stake In Mitsubishi Motors For 10 Years - Nikkei Source (http://s.nikkei.com/2ccZSIj) Further company coverage: [7011.T, 7201.T, 7211.T, 8058.T, MTFGTU.UL] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Mitsubishi Heavy Industries to transfer injection molding machines business to unit
Tuesday, 23 Aug 2016 12:31am EDT 

Mitsubishi Heavy Industries Ltd <7011.T> : Says it plans to transfer its injection molding machines related business to its wholly owned unit Mitsubishi Heavy Industries Plastic Technology Co Ltd .Says effective date on Jan. 1, 2017.  Full Article

R&I affirms Mitsubishi Heavy Industries's rating at "A+" and announces stable outlook – R&I
Friday, 19 Aug 2016 02:32am EDT 

Mitsubishi Heavy Industries Ltd <7011.T>: Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "A+" – R&I .Rating outlook stable– R&I.  Full Article

Mitsubishi Heavy Industries to transfer aircraft engine business to unit
Thursday, 4 Aug 2016 01:26am EDT 

Mitsubishi Heavy Industries Ltd <7011.T>: Says it to transfer its defense aircraft engine and related business to its unit Mitsubishi Heavy Industries Aero Engines, Ltd. .Says transaction planned effective on April 1, 2017.  Full Article

Hollysys Automation Technologies unit signs contract for Doha Metro project
Thursday, 14 Jul 2016 06:30am EDT 

Hollysys Automation Technologies Ltd - : Hollysys Automation Technologies announces concord signed a significant contract to provide electrical installation services for Doha Metro Phase 1 project . Contract is approximately valued at QAR 227 million, or $62.3 million . First phase of project is scheduled to complete for operation in 2019, with 37 stations and 75 kilometers . Pds construction phase will begin in october 2016 and was scheduled to commence system trial test at q4 of 2018 .Unit signed a contract with Mitsubishi Heavy Industries Ltd.  Full Article

MHI Vestas has received a 406 MW order in Denmark
Thursday, 7 Jul 2016 05:25am EDT 

Vestas Wind Systems A/S : Says MHI Vestas Offshore Wind has received a firm and unconditional order for 49 units of the V164-8 MW turbines with a total capacity of 406 MW for the offshore Horns Reef 3 project in Denmark. . Says order is placed by Vattenfall [VATN.UL], and the contract covers supply, installation, commissioning and a five year service contract. .Says the project will be delivered by MHI Vestas Offshore Wind, a 50/50 joint venture with Japan's Mitsubishi Heavy Industries <7011.T>, and will not enter into the order backlog of Vestas Wind Systems.  Full Article

Deals of the day- Mergers and acquisitions

Sept 29 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday: