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Mitsubishi Heavy Industries

Mitsubishi Heavy Industries, Ltd.
Romanized name
Mitsubishi Jūkōgyō Kabushiki-kaisha
Public K.K.
Traded as :
Industry Engineering
Electrical equipment
Electronics
Defense
Founded 1934; 83 years ago (1934)
Headquarters Minato, Tokyo, Japan
Area served
Global
Key people
Hideaki Omiya (Chairman)
Shunichi Miyanaga (CEO and President)
Revenue IncreaseUS$39.1 billion (2015)
Increase US$2.92 billion (2015)
Decrease US$0.60 billion (2015)
Number of employees
81,845
Divisions Marine Vessel and Ocean
Power Engine
Machinery and Iron Structure
Aviation and Space
Medium-size Product
Subsidiaries
Website www.mhi-global.com

Mitsubishi Heavy Industries, Ltd. (三菱重工業株式会社 Mitsubishi Jūkōgyō Kabushiki-kaisha?, informally MHI) is a Japanese multinational engineering, electrical equipment, and electronics company headquartered in Tokyo, Japan.

MHI's products include aerospace components, air conditioners, aircraft, automotive components, forklift trucks, hydraulic equipment, machine tools, missiles, power generation equipment, ships, and space launch vehicles. Through its defense-related activities it is the world's 23rd-largest defense contractor measured by 2011 defense revenues, and the largest based in Japan.

MHI is one of the core companies of the Mitsubishi Group

In 1857, at the request of the Tokugawa Shogunate, a group of Dutch engineers began work on the Nagasaki Yotetsusho, a modern, Western-style foundry and shipyard near the Dutch settlement of Dejima, at Nagasaki. This was renamed Nagasaki Seitetsusho in 1860, and construction was completed in 1861. Following the Meiji Restoration of 1868, the shipyard was placed under control of the new Government of Meiji Japan. The first dry dock was completed in 1879.

In 1884, Yataro Iwasaki, the founder of Mitsubishi, leased the Nagasaki Seitetsusho from the Japanese government, renaming it the Nagasaki Shipyard & Machinery Works and entering the shipbuilding business on a large scale. Iwasaki purchased the shipyards outright in 1887. In 1891, Mitsubishi Heavy Industries - Yokohama Machinery Works was started as Yokohama Dock Company, Ltd. Its main business was ship repairs, to which it added ship servicing by 1897. The works was renamed Mitsubishi Shipyard of Mitsubishi Goshi Kaisha in 1893 and additional dry docks were completed in 1896 and 1905.


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