Mitsubishi Heavy Industries

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Mitsubishi Heavy Industries, Ltd
三菱重工業
Type Public (TYO: 7011)
Founded 1934, 1964
Headquarters 16-5, Kounan 2-chome, Minato-ku, Tokyo 108-8125 Japan
Area served Global
Key people Takashi Nishioka (Chairman)
Kazuo Tsukuda (President)
Junichi Maezawa (VP)
Revenue ¥2,792.1 billion (2006)
Net income ¥29.8 billion (2006)
Employees 63,500
Divisions Marine Vessel and Ocean
Power Engine
Machinery and Iron Structure
Aviation and Space
Medium-size Product
The Others
Website MHI-ir.jp

Mitsubishi Heavy Industries, Ltd (三菱重工業株式會社 Mitsubishi Jūkōgyō Kabushiki Kaisha?) TYO: 7011 is a Japanese company. It is one of the core companies of Mitsubishi Group.

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In 1870 Yataro Iwasaki, the founder of Mitsubishi took a lease of Government-owned Nagasaki Shipyard. He named it Nagasaki Shipyard & Machinery Works, and started the shipbuilding business on a full scale. This shipbuilding business was later turned into Mitsubishi Shipbuilding Co., Ltd., and was again launched as Mitsubishi Heavy Industries, Ltd. in 1934, establishing its position as the largest private firm in Japan, manufacturing ships, heavy machinery, airplanes, and railroad cars. Following the end of World War II, a law aimed at dissolving zaibatsu or Nagasaki Shipyard & Machinery Works dismantling the over concentration of economic power was in effect. Thus, in 1950, MHI was divided into three entities: West Japan Heavy-Industries, Ltd., Central Japan Heavy-Industries, Ltd. and East Japan Heavy-Industries, Ltd. It was later consolidated in 1964 and reborn as Mitsubishi Heavy Industries, Ltd.

In 1970, MHI's automobile department became independent and Mitsubishi Motors began manufacturing and marketing automobiles.

Light rail vehicles - Crystal Mover Cars.
Light rail vehicles - Crystal Mover Cars.

As the leading company of the Japan's aerospace industry, Mitsubishi Heavy Industries(MHI) has been engaged in the development and production of a wide variety of aerospace products and thus contributed to the advancement of Japan, a technology-oriented nation, through its cutting-edge technologies.

In the defense sector, MHI has consistently produced jet fighters for Japan Air Self-Defense Force and anti-submarine helicopters for Japan Maritime Self-Defense Force, as well as various other products, such as aero-engines, missiles and torpedoes. The company also plays an important role in the Ballistic Missile Defense System program. In addition, MHI is preparing itself to respond to the needs of the joint operation capabilities.

In the civil aircraft sector, MHI takes charge of the development and manufacture of major airframe components, including fuselage panels for Boeing 777 and composite-material wing boxes for the 787. In the space systems sector, MHI is the producer of the H-2A launch vehicle, Japan's main rocket, and now provides launch services to JAXA for H-2A launches. The company is also involved in the international space station program.

See also: Mitsubishi FBR Systems
See also: Atmea

The nuclear business of MHI operates facilities Kobe,Yokohama, Kanagawa,Takasago, Hyogo. It also operates a nuclear fuel manufacturing plant in Tōkai, Ibaraki which processes 440 Metric tons of Uranium per year.

MHI has also developed the Mitsubishi APWR, which, as of July 2007, has been selected for use in two sites in Japan and the United States. MHI has also signed a memorandum of understanding with Areva for the establishment of a joint venture for their next reactor design.[2]

MHI has also been selected as the core company to develop a new generation of Fast Breeder Reactors (FBR) by the Japanese government.[3] After that announcement was made, MHI established a new company, Mitsubishi FBR Systems, Inc. (MFBR) specifically for the development and realization for FBR technology, starting what is likely to be the most aggressive corporate venture into FBR and Generation IV reactor technology.[4]

Major Shareholders (as of March 31, 2005):

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