MHI to Integrate AC&R and Automotive Air-Conditioning Businesses Effective January 1, 2018

- Move To Boost Scale and Efficiency through Consolidation of Technologies and Resources -

TOKYO, Oct 23, 2017 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) is integrating two of its Group companies - MHI Thermal Systems, Ltd. and MHI Automotive Thermal Systems, Ltd. (MCCJ) - effective January 1, 2018. Through consolidation of technologies and resources in air-conditioning & refrigeration (AC&R) and automotive air-conditioning systems, MHI looks to strengthen its global competitiveness while also focusing on building more resilient management. The integration forms part of MHI's wider business reorganization initiative, targeting scale expansion and enhanced operational efficiency.

Tokyo-based MHI Thermal Systems and Aichi-based MCCJ are both wholly owned Group companies that took over their respective business operations from MHI through corporate spin-offs. MHI Thermal Systems was established in October 2016, MCCJ in January 2013. The two companies will be integrated via absorption-type split to form a successor company which will retain the MHI Thermal Systems name.

The new MHI Thermal Systems will reinforce its business portfolio through full utilization of its human resources, and pursue synergies in marketing, technology and production. It will also focus on achieving enhanced business management through cross-organizational integration of resources.

MHI will work closely with the new MHI Thermal Systems to provide all-round support with its development.

New Company Outline
http://www.acnnewswire.com/topimg/Low_MHI102317NewCompanyOutline.jpg

About Mitsubishi Heavy Industries, Ltd.

Mitsubishi Heavy Industries, Ltd. (MHI), headquartered in Tokyo, is one of the world's leading industrial firms with 80,000 group employees and annual consolidated revenues of around 38 billion U.S. dollars. For more than 130 years, the company has channeled big thinking into innovative and integrated solutions that move the world forward. MHI owns a unique business portfolio covering land, sea, sky and even space. MHI delivers innovative and integrated solutions across a wide range of industries from commercial aviation and transportation to power plants and gas turbines, and from machinery and infrastructure to integrated defense and space systems.
For more information, please visit the MHI Group website: http://www.mhi-global.com.
For Technology, Trends and Tangents, visit MHI's new online media SPECTRA: http://spectra.mhi.com.

Contact:
Joseph Hood, PR Manager Mitsubishi Heavy Industries, Ltd. Email: mhi-pr@mhi.co.jp Tel: +81-(0)3-6716-2168 Fax: +81-(0)3-6716-5860

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