MHI to Split Off Machine Tools Business in October, Integrating Manufacturing and Marketing to Enhance Market Responsiveness and Expedite Decision-Making
Resource from: Mitsubishi Heavy Industries Likes:222
May 28,2015
TOKYO, May 26, 2015 - (JCN Newswire) - Effective October 1, 2015, Mitsubishi Heavy Industries, Ltd. (MHI) will split off its machine tools business to Mitsubishi Heavy Industries Machine Tool Sales Co., Ltd., in Osaka, in an absorption-type company split. The initiative aims to enhance responsiveness to changes in market demand and to expedite corporate decision-making by integrating machine tool manufacturing and marketing into a single entity, effectively increasing the company's ability to compete in the global market.
In effecting this change, Mitsubishi Heavy Industries Machine Tool Sales Co. the successor company of machine tool business, will move its head office from Osaka to the current Machine Tools Division Office in Ritto, Shiga Prefecture. With machine tool business assets transferred from MHI, it will become a company with more than 1,000 employees.
The demand structure of the machine tool market has undergone dramatic change in Japan and other countries. In order to cope with this changed business environment, machine tool companies have endeavored to enhance their competitiveness through expeditious decision-making that leverages their strengths as dedicated machine tool companies. Furthermore, in order to expand their business, companies have had to increase their management flexibility and responsiveness to customers.
Making a fresh start as a dedicated machine tool company, the successor company will implement a flexible management structure that expedites decision making, clarifies business responsibility, enhances responsiveness to changes in market environment and customer needs, and accelerates the strengthening and expansion of its business.
Moving forward, MHI will closely liaise with the successor company and fully support its business development.
About Mitsubishi Heavy Industries
Mitsubishi Heavy Industries, Ltd. (TSE: 7011, 'MHI'), headquartered in Tokyo, Japan, is one of the world's leading heavy machinery manufacturers. MHI's diverse lineup of products and services encompasses shipbuilding, power plants, chemical plants, environmental equipment, steel structures, industrial and general machinery, aircraft, space rocketry and air-conditioning systems. For more information, please visit the MHI website atwww.mhi.co.jp.
(Mitsubishi Heavy Industries)
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1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
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