Key Developments: Mitsubishi Heavy Industries Ltd (7011.T)

7011.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Mitsubishi Heavy Industries Ltd's Mitsubishi Heavy Industries America receives order for three automated people mover (APM) systems at Orlando International Airport
Thursday, 17 Jul 2014 10:25am EDT 

Mitsubishi Heavy Industries Ltd:Says its subsidiary Mitsubishi Heavy Industries America Inc and with the cooperation of Sumitomo Corporation, has received an order from the Greater Orlando Aviation Authority (GOAA).Order to design, build, operate, and maintain three separate Automated People Mover (APM) systems at the Orlando International Airport (OIA) in Orlando, Florida, to be completed in 2018.Contract also includes five years of system operations and maintenance after the construction is completed.  Full Article

Mitsubishi Heavy Industries Ltd announces French government to not support the proposal made by itself and Siemens
Friday, 20 Jun 2014 09:00pm EDT 

Mitsubishi Heavy Industries Ltd:Mitsubishi Heavy Industries acknowledges and regrets the decision made by the French government to not support the offer made by itself and Siemens to establish a long-term industrial partnership with Alstom.Says the proposal and its updates disclosed on June 11, 16 and 20.  Full Article

Siemens and Mitsubishi Heavy Industries offer for Alstom energy division increased by 1.2 bln euros-Reuters
Friday, 20 Jun 2014 01:15am EDT 

Alstom SA:Siemens and Mitsubishi Heavy Industries revised offer for energy division of Alstom considers cash payment of 8.2 bln euros, reflecting 1.2 bln increase compared to previous offer - Reuters.  Full Article

Mitsubishi Heavy Industries gives notice concerning media reports on proposal with Siemens for certain assets of Alstom
Sunday, 15 Jun 2014 08:00pm EDT 

Mitsubishi Heavy Industries Ltd:Says decision reported by media reports regarding potential proposal of Mitsubishi Heavy Industries (MHI) and Siemens AG for certain assets of Alstom SA was not released by MHI, and transaction details are still under consideration.  Full Article

Mitsubishi Heavy Industries and Siemens provide proposal for Alstom
Sunday, 15 Jun 2014 08:00pm EDT 

Siemens AG:Mitsubishi Heavy Industries Ltd (MHI) and Siemens AG announce that they have joined forces and provided proposal for Alstom.MHI intends to form industrial alliance with Alstom and create three joint ventures by acquiring 40 pct of Alstom's Steam and Nuclear business, 20 pct of its Grid business and 20 pct of its Hydro business.MHI will inject into Alstom 3.1 billion euros in cash.MHI also intends to become a stable and long-term shareholder of Alstom by offering to acquire up to 10 pct stake from Bouygues.Siemens intends to acquire 100 pct of Alstom's gas business including related service contracts for 3.9 billion euros in cash.  Full Article

Mitsubishi Heavy Industries joins Siemens in evaluating a potential proposal for Alstom
Tuesday, 10 Jun 2014 08:00pm EDT 

Mitsubishi Heavy Industries Ltd:Mitsubishi Heavy Industries (MHI) and Siemens AG say they are evaluating potential joint proposal for certain assets of Alstom.MHI and Siemens will decide on submission of proposal to Alstom's board by June 16.  Full Article

Mitsubishi Heavy Industries subsidiary to establish joint venture with Siemens
Tuesday, 6 May 2014 07:30pm EDT 

Mitsubishi Heavy Industries Ltd:Says subsidiary Mitsubishi-Hitachi Metals Machinery, Inc. (MH) will establish a joint venture with Siemens AG in the United Kingdom, effective as of Jan. 2015.Equity ownership shares in the new venture will be 51 pct for MH and 49 pct for Siemens.Joint venture to be engaged in development, design, procurement, manufacture, sale and after-sales service of steel and metal production machinery.  Full Article

Mitsubishi Heavy Industries announces terms for joint venture with Vestas Wind Systems
Tuesday, 1 Apr 2014 04:00am EDT 

Mitsubishi Heavy Industries Ltd:To establish joint venture MHI Vestas Offshore Wind A/S with Vestas Wind Systems A/S on April 1, with MHI Holding Denmark ApS and Vestas Wind Systems holding 50 pct respectively.The joint venture capitalized at 144 mln euros will be engaged in development, designing, manufacturing and provision of after service for sea windmills, based in Denmark.  Full Article

Mitsubishi Heavy Industries to transfer civil aircraft engine business to subsidiary
Monday, 31 Mar 2014 03:15am EDT 

Mitsubishi Heavy Industries Ltd:To transfer civil aircraft engine business to a wholly owned subsidiary, effective Oct. 1.No further details were disclosed.  Full Article

Mitsubishi Heavy Industries expects extraordinary loss for FY 2014
Monday, 24 Mar 2014 12:00am EDT 

Mitsubishi Heavy Industries Ltd:Sees extraordinary loss of 60 bln yen for building cost on two vessels, for fiscal year ending March 2014.  Full Article

Mitsubishi Corp, Heavy Industries take stake in UAE water firm Metito

DUBAI, July 7 - Japan's Mitsubishi Corp and Mitsubishi Heavy Industries have acquired a 38.4 percent stake in water and wastewater project developer Metito Holdings for an undisclosed sum, the United Arab Emirates-based firm said.

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