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Mitsubishi Heavy Industries Ltd and Hitachi Ltd to collaborate on distributed gas engine power generation systems business in China


Monday, 20 Jan 2014 07:00pm EST 

Mitsubishi Heavy Industries Ltd and Hitachi Ltd:Says they have agreed to collaborate on the distributed gas engine power generation systems business in China, and signed an agreement on this collaboration.Says Mitsubishi Heavy Industries (MHI) plans to transfer to Hitachi 35 pct of its shareholding in Mitsubishi Heavy Industries Engine System (Shenzhen), Co., Ltd, which is wholly owned by the MHI Group conducting the engine and power generation business in China.Says Mitsubishi Heavy Industries Engine System (Shenzhen) will then be renamed and converted into a joint venture company by the end of 2014.Says MHI and Hitachi will strategically evaluate the market for distributed gas engine power generation systems through the joint venture company.