/PRNewswire/ Pressure Vessels Market is projected to reach USD 62.7 billion in 2028 from USD 50.3 billion in 2023 at a CAGR of 4.5% according to a new.
CHICAGO, June 7, 2023 /PRNewswire/ Pressure Vessels Market is projected to reach USD 62.7 billion in 2028 from USD 50.3 billion in 2023 at a CAGR of 4.5% according to a new report by MarketsandMarkets.
Agreement Concluded for Mitsubishi Power to be Integrated into MHI
- Global expansion to continue with the retained use of Mitsubishi Power brand name overseas
TOKYO, July 30, 2021 - (JCN Newswire) - As announced on May 10, Mitsubishi Heavy Industries, Ltd. (MHI) reached an agreement under which Mitsubishi Power, Ltd. will be integrated into MHI. An absorption-type split agreement to integrate the two companies business operations has now been concluded, whereby the business operations and employees of Mitsubishi Power will be taken over by MHI effective October 1, 2021.
1. Summary of absorption-type split agreement
Under the newly concluded agreement, 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. The move will further accelerate the Energy Transition solutions that serve as one of MHI Group s growth engines. In ad
Mitsubishi Power to Restructure the Domestic Locations for Its Boiler Business
- Boiler manufacturing function to be consolidated at Nagasaki Works -
YOKOHAMA, Japan, Feb 4, 2021 - (JCN Newswire) - Mitsubishi Power, a subsidiary of Mitsubishi Heavy Industries (MHI) Group, has decided to restructure the domestic locations for its boiler business. Since the predecessor of Mitsubishi Power, MHPS, was established in 2014, the boiler business has continued to operate two plants in Japan, Nagasaki Works and Kure Works. The industry has experienced sweeping changes in the market demand for coal-fired power generation that has led to a sharp contraction in new plant construction. Addressing the market situation, Mitsubishi Power will consolidate the boiler manufacturing function of new construction and after-sales service, as well as the new facility design and the construction function, at the Nagasaki Works. At the Kure Works, management resources will be shifted to the boiler design an