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:201
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)
【CBCC News Statement】
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.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
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.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
Previous SGS Launches Next Generation Z-Carb End Mills
Next Bladeless Wind Turbines May Offer More Form Than Function
Next Bladeless Wind Turbines May Offer More Form Than Function
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
