MHI finalises takeover of Mitsubishi Power operations

The business and employees will integrate into MHI effective 1 October.

Mitsubishi Heavy Industries, Ltd. (MHI) will take over the business operations and employees of Mitsubishi Power, Ltd. starting 1 October.

According to the absorption-type split agreement announced last 10 May, the business operations and employees of Mitsubishi Power involved in the design, manufacture, sale, installation, and engineering of thermal power generation systems will be transferred to MHI and integrated. 

MHI said the move will further accelerate the "Energy Transition" solutions that serve as one of MHI Group's growth engines.

Among Mitsubishi Power's current plants and bases within Japan, those located in areas where MHI also has manufacturing bases—namely Mitsubishi Power's Takasago Works (Takasago City, Hyogo) and Nagasaki Works (Nagasaki City, Nagasaki)—will be integrated, respectively, into MHI's Takasago Machinery Works and Nagasaki Shipyard & Machinery Works. Mitsubishi Power's Hitachi Works (Hitachi City, Ibaraki) and Kure Works (Kure City, Hiroshima) will become MHI's Hitachi Works and Kure Works.

Meanwhile, even after integration with MHI, the "Mitsubishi Power" brand name will continue to be used for overseas markets. Mitsubishi Power will continue to exist as a corporation within Japan, functioning as the presiding company and contract agent for the core Asian and Middle Eastern markets.

As a result of the business integration, Mitsubishi Power's group companies in Japan will in some cases undergo a corporate name change. The names of its overseas group companies will remain unchanged.