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Hitachi Ltd to Establish Joint Venture with Mitsubishi Heavy Industries Ltd

Tuesday, 11 Jun 2013 02:00am EDT 

Mitsubishi Heavy Industries Ltd announced that it has signed a contract with Mitsubishi Heavy Industries Ltd to integrate their thermal power system business, including thermal power generation, geothermal power generation, environment equipment business, fuel battery business and other related businesses. The two companies will establish a joint venture to operate the integrated businesses. Mitsubishi Heavy Industries Ltd and Hitachi Ltd will hold a 65% stake and a 35% stake in the joint venture respectively. The business integration will take effective January 1, 2014. 

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14.2 +2.12%
19 Dec 2014