MHI to Establish New Company Dedicated to Printing & Paper Converting Machinery BusinessSaturday November 28 5:05 AMThe new company will be established by transferring MHI's current printing and paper converting machinery operations to Mitsubishi Heavy Industries Printing & Paper Converting Machinery Sales. The new enterprise will handle all business relating to printing and paper converting machinery - including commercial-use printing presses (sheet-fed offset presses, web offset presses, etc.) and paper converting machinery - from design, manufacture and procurement to marketing, quality assurance and after-sales services. The printing and paper converting machinery market was comparatively firm until last year's global economic crisis. With the crisis, capital investment has dropped sharply and is not expected to recover in the short term. In order to overcome this severe change in the business environment, and also to expand sales in emerging markets, the establishment of a streamlined, resilient company dedicated to this area of business has been a matter of urgent need for MHI. MHI's Paper & Printing Machinery Division, part of the company's Mass & Medium-Lot Manufactured Machinery segment, has supplied printing machinery and paper converting machinery to the printing and packaging industries of Japan and abroad as a leading brand. Going forward the new company will carry out even more dynamic strategies for product development and localized marketing that will precisely respond to today's increasingly diversified customer needs. MHI intends to work closely with the new company and thoroughly 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 at www.mhi.co.jp.
Source: Mitsubishi Heavy Industries Contact: Mitsubishi Heavy Industries Hideo Ikuno h.ikuno@daiya-pr.co.jp +81-3-6716-5277 Copyright 2009 JCN Newswire. All rights reserved. www.japancorp.net |
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