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Mitsubishi Heavy Industries Ltd (7011.T)

7011.T on Tokyo Stock Exchange

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25 Jul 2017
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Latest Key Developments (Source: Significant Developments)

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

Mitsubishi Nichiyu Forklift plans full acquisition of UniCarriers Corp
Thursday, 29 Sep 2016 02:31am 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

EDF sells Areva New NP stakes to Mitsubishi Heavy and Assystem

PARIS, July 10 French state-controlled power group EDF said on Monday it had agreed to sell stakes in the New NP reactor business formed from the restructuring of nuclear group Areva to Mitsubishi Heavy Industries and Assystem.