Mitsubishi Heavy Industries Asia Pacific Pte. Ltd. is the new name for
Mitsubishi Heavy Industries Engineering & Services Private Ltd.
Name change to Mitsubishi Heavy Industries Asia Pacific Pte. Ltd. taking effect on 1 Nov 2014 reflects its presence as a business management hub in the Asia-Pacific region
Singapore, October 31, 2014 –Effective 1 November Mitsubishi Heavy Industries Engineering & Services Private Ltd. (MIES) changes its name to Mitsubishi Heavy Industries Asia Pacific Pte. Ltd. (MHI-AP). The name change comes in tandem with the addition of business development functions. As the business management hub in the Asia-Pacific region, MHI-AP will promote business development and EPC (engineering, procurement and construction), targeting further expansion of global business operations.
Specifically, at the same time handling various products of its parent company, Mitsubishi Heavy Industries, Ltd. (MHI), MHI-AP will develop business to provide solutions that combine products. The upgraded unit will also seek expansion in business scale by applying its expertise in EPC, built up through its involvement in chemical plant projects, to other business areas. In addition the new MHI-AP will strengthen its after-sale servicing operations and pursue possibilities for participation, including investment, in BOT (build, operate and transfer) and BOO (build, own and operate) projects. In these various ways, MHI-AP will target expansion of its business scope by changing its basic business model.
MIES was established in 2010 as an MHI group company based in Singapore. The company is currently capitalized at S$15 million and has 216 employees. Managing Director Yoshio Nakayama will continue in his position after the name change to MHI-AP.
With the addition of business development functions, the newly upgraded MHI-AP will provide support to the further expansion of MHI’s overseas business operations as a business management hub for developing business, including EPC, in the Asia-Pacific region.
About Mitsubishi Heavy Industries Asia Pacific Pte. Ltd.
Mitsubishi Heavy Industries Asia Pacific Pte. Ltd. (MHI-AP) formerly known as Mitsubishi Heavy Industries Engineering & Services Private Ltd. (MIES) was established in Singapore as MHI Industrial Engineering & Services Private Ltd. in October 2010 and commenced its operations on 1st November 2010.
The company was renamed MIES on 1 October 2012 after Mitsubishi Heavy Industries, Ltd. (MHI) merged Mitsubishi Heavy Industries Singapore Private Ltd. and Mitsubishi Power Systems (Asia Pacific) Pte. Ltd. with MHI Industrial Engineering & Services Private Ltd. On 1 November 2014 MIES will be renamed MHI-AP after joined by Mitsubishi Heavy Industries, Ltd. Asia Pacific.
About Mitsubishi Heavy Industries, Ltd.
Mitsubishi Heavy Industries, Ltd. (MHI), headquartered in Tokyo, Japan, is one of the world’s leading heavy machinery manufacturers, with consolidated sales of 3,349.5 billion yen in fiscal 2013, the year ended March 31, 2014. MHI’s diverse lineup of products and services encompasses shipbuilding, power plants, chemical plants, environmental equipment, steel structures, industrial and general machinery, aircraft, space systems and air-conditioning systems.
For more information on MHI-AP and MHI, please visit the following websites:
MHI-AP website: http://www.mhiap.com
MHI website: http://www.mhi-global.com/index.html
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