MHI To Establish Two New Wholly-Owned Companies

Mitsubishi Heavy Industries, Ltd. (MHI) will establish two new wholly-owned companies in conjunction with reorganization of its shipbuilding business. Mitsubishi Shipbuilding Co., Ltd. will primarily undertake construction of ships that require intensive outfitting, and Mitsubishi Heavy Industries Marine Structure Co., Ltd. will mainly engage in the manufacture of large ships and marine structures.

Mitsubishi Shipbuilding Co., Ltd. will consolidate the current capabilities of MHI’s various shipbuilding bases (Shimonoseki, Nagasaki, etc.) and function as a business company exclusively dedicated to shipbuilding. Its corporate name was chosen to reflect MHI’s long history and traditions in shipbuilding.

MHI Shipyard — Image for representation purpose only

Applying MHI’s prowess in engineering, the new company will grow business in ships that require intensive outfitting: ferries, vessels used by governmental agencies, etc. It will also make social contributions in areas impacting the environment, in a quest to achieve sustained development.

Mitsubishi Heavy Industries Marine Structure Co., Ltd. will carry on construction of large ships making use of the premises and human resources of the Koyagi Plant of MHI’s Nagasaki Shipyard & Machinery Works. The new company will also expand business in units accommodating new fuels and manufacture of marine steel structures.

MHI will work closely with the two new companies, providing its total support toward the development of their business operations.

Profile of Mitsubishi Shipbuilding Co., Ltd.
Company name	Mitsubishi Shipbuilding Co., Ltd.
Head office	Mitsubishijuko Yokohama Bldg., 3-1, Minatomirai 3-chome, Nishi-ku, Yokohama, Kanagawa
Representative	Koji Okura, President & CEO
Business operations	Ship engineering Design, manufacture and repair of ferries, cargo and passenger ships, RO/RO^* ships, special-purpose vessels, patrol vessels, etc.
Employees	Approx. 900
Establishment	January 1, 2018
Capital	3,000 million yen (MHI: 100％)

Profile of Mitsubishi Heavy Industries Marine Structure Co., Ltd.
Company name	Mitsubishi Heavy Industries Marine Structure Co., Ltd.
Head office	180, Koyagi-machi, Nagasaki City, Nagasaki
Representative	Kunio Shiiba, President & CEO
Business operations	Construction of large ships, manufacture and repair of marine structures
Employees	Approx. 600
Establishment	January 1, 2018
Capital	300 million yen (MHI: 100％)