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Mitsubishi Heavy Industries Ltd (7011.T)

7011.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Japan Nuclear Fuel and Mitsubishi Heavy Industries' deal on Areva NewWCo takes effect
Tuesday, 21 Mar 2017 03:48am EDT 

Areva : Company says agreements with JNFL and MHI take effect today . Areva said last month that Japan Nuclear Fuel Limited and Mitsubishi Heavy Industries (MHI) <7011.T> had agreed to buy a combined 10 percent stake in nuclear fuel group NewCo for 500 million euros ($538 million). . The state-owned company also said that the capital of NewCo - which is being split off from Areva in a government-led rescue - remained open to other strategic investors for investment within the same framework as the agreements currently being finalized. Further company coverage: [AREVA.PA] ((sudip.kargupta@thomsonreuters.com;)).  Full Article

Southern California Edison- Edison international's units got decision from ICC international court of arbitration on claims against Mitsubishi Heavy
Monday, 13 Mar 2017 06:01pm EDT 

Mitsubishi Heavy Industries Ltd <7011.T>: Southern California Edison-Edison international's units got decision from ICC International court of arbitration on claims against Mitsubishi heavy . Southern California Edison-decision from ICC regarding failure of replacement steam generators MHI supplied for san onofre nuclear generating station . Southern California Edison Co - arbitration tribunal, in a 2-1 decision, found mhi liable for breach of contract but rejected claimants' other claims . Southern California-tribunal awarded claimants $125 million, SCE's share $98 million, in damages - sec filing .Southern California Edison co - tribunal ordered claimants to pay MHI $58 million for legal costs, SCE's share was $45 million.  Full Article

MHI Vestas to hire 414 additional employees in Denmark
Monday, 6 Mar 2017 01:15am EST 

MHI Vestas Offshore Wind, a joint venture between Denmark's Vestas Wind Systems and Japan's Mitsubishi Heavy Industries <7011.T>, : Says is now recruiting 414 additional employees at its nacelle and blade factories in Lindo and Nakskov, Denmark . "The additional positions are a positive reflection of the market's increasing interest in the 8 MW platform and MHI Vestas in general," CEO Jens Tommerup says Further company coverage: [VWS.CO][7011.T] (Copenhagen newsroom) ((copenhagen.newsroom@thomsonreuters.com; +45 33 96 96 55;)).  Full Article

Hisakazu Mizutani to become president of Mitsubishi Aircraft on April 1- Nikkei
Thursday, 2 Feb 2017 04:43pm EST 

Nikkei:Hisakazu Mizutani, executive vice president, to become president of Mitsubishi Aircraft on April 1 replacing current president Hiromichi Morimoto- Nikkei.  Full Article

Mitsubishi Heavy Industries appoints KPMG AZSA as new corporate auditor
Wednesday, 1 Feb 2017 11:59pm EST 

Mitsubishi Heavy Industries Ltd <7011.T> :Appoints KPMG AZSA LLC as new corporate auditor, to replace Ernst & Young ShinNihon LLC, effective on June 22.  Full Article

MHI Vestas wins record order for 450 MW DONG Energy project in Germany
Friday, 13 Jan 2017 09:19am EST 

MHI Vestas Offshore Wind : Says wins order for the 450 megawatt Borkum Riffgrund 2 project in Germany . Says orders is the largest order ever for the joint venture between Mitsubishi Heavy Industries <7011.T> and Vestas Wind Systems . Says order is for the V164-8.0 MW turbine with a five-year service contract . Says turbines will be able to deliver a maximum output of 8.3 megawatts . The order is the third from DONG Energy for the V164-8.0 MW following Burbo Bank Extension (258 MW) and Walney Extension (330 MW) and brings the order pipeline with DONG Energy to over 1 gigawatt . Says wind farm is expected to be fully installed and commissioned in first half of 2019 . DONG Energy said in a separate announcement on Friday that it had received permit to continue to build the Borkum Riffgrund 2 [FWN1F30NX] Further company coverage: [VWS.CO] (Copenhagen newsroom) ((copenhagen.newsroom@thomsonreuters.com; +45 33 96 96 03;)).  Full Article

Kobe Diesel updates business integration plan with Mitsubishi Heavy Industries Marine Machinery& Engine
Monday, 26 Dec 2016 01:20am EST 

Kobe Diesel Co Ltd <6016.T>: Says the co entered into agreement with Mitsubishi Heavy Industries Marine Machinery& Engine Co., Ltd.(MHI-MME) on marine diesel engines business integration . Says the co will take over the marine diesel engines business from MHI-MME on April 1, 2017 .Says previous plan disclosed on Nov. 10.  Full Article

MHI Vestas wins 370 MW order in Belgium
Thursday, 15 Dec 2016 03:35am EST 

MHI Vestas Offshore Wind, a joint venture of Vestas and Mitsubishi Heavy Industries <7011.T> : Says will provide 44 units of its V164-8.4 megawatt (MW) wind turbines to Belgium's largest offshore wind project Norther . Says the project is owned by Norther N.V. a joint venture between Elicio and Boreas with three sponsors Elicio N.V. (50 pct), Eneco [ENECO.UL] (25 pct) and Mitsubishi Corporation (25 pct) . Says the V164-8.0 MW turbines – rated with a capacity of 8 MW – have been optimised for the project, utilising a power mode to be able to deliver a maximum output of 8.4 MW . Says commision expected in 2019 Further company coverage: [VWS.CO] (Copenhagen newsroom) ((copenhagen.newsroom@thomsonreuters.com; +45 33 96 96 55;)).  Full Article

Mitsubishi Heavy Industries announces absorption-type split of MHI's engine test cell and hush house business to unit
Tuesday, 6 Dec 2016 12:02am EST 

Mitsubishi Heavy Industries Ltd <7011.T>: Says it plans to transfer its business operations in engine test cells and hush houses to Mitsubishi Heavy Industries Mechatronics Systems, Ltd., a wholly owned group company, through an absorption-type company split arrangement .Says effective April 1, 2017.  Full Article

Mitsubishi Heavy Industries may spin off ship design division - Nikkei
Wednesday, 12 Oct 2016 12:07pm EDT 

: Mitsubishi Heavy Industries Ltd may spin off ship design division - Nikkei . Mitsubishi Heavy Industries Ltd says to focus on ship engines - Nikkei ((Bangalore.newsroom@thomsonreuters.com ;)).  Full Article

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