Mitsubishi Heavy Industries, Ltd.
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- Mitsubishi Heavy Industries, Ltd. (MHI), headquartered in Tokyo, Japan, and founded in 1884, manufactures and sells a diverse range of heavy machinery and industrial equipment across energy systems, plants and infrastructure systems, logistics, thermal and drive systems, aircraft, defense and space. The company produces gas turbines, steam turbines, boilers, nuclear power systems, aero engines, marine machinery including turbochargers, propellers and fin stabilizers, commercial ships, air conditioners, elevators, forklift trucks, hydraulic equipment, printing machines, missiles, tanks, power systems, railway systems, space launch vehicles, environmental systems, metals machinery and automated guided transit systems; it serves industries such as energy, aviation, space, shipbuilding, transportation, logistics, automotive, infrastructure and defense through operations in Japan, North America, Asia-Pacific, Europe, the Middle East, Africa and Oceania. Recent developments include plans to double gas turbine production capacity within two years to meet surging global demand from data centers and turbine replacements, a long-term contract worth $73.47 million with Azad Engineering for airfoils in gas and thermal power turbine engines extending a prior agreement to a total of $156.36 million, investment in Infosys-led joint venture HIPUS to enhance procurement services in Japan, formation of a joint venture with Beijer Ref in the UK and Ireland for air-conditioning distribution under 3D Plus, workforce expansion by up to 40% in defense and 10% in gas turbine and nuclear businesses by March 2027, and advancement toward 100% hydrogen combustion in gas turbines by 2030 with deployments in Saudi Arabia and Morocco.
Company News
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