Mitsubishi Power to be integrated into MHI

Mitsubishi Heavy Industries, Ltd. (MHI) and Mitsubishi Power, Ltd. have agreed to integrate the business operations of Mitsubishi Power with those of MHI, effective October 1, 2021, with some aspects already underway. The diverse businesses currently operated by Mitsubishi Power will be integrated into MHI under an absorption-type split arrangement to further accelerate the “Energy Transition” that serves as MHI Group’s growth engine.