Establishment of Subsidiary MHI Technologies S.A.E in Egypt
25 July 2016 - 6:25PM
JCN Newswire (English)
On July 21, Mitsubishi Heavy Industries, Ltd. (MHI) established
the subsidiary MHI Technologies S.A.E (MHI Egypt) in the Egyptian
city of New Cairo. In order to strengthen MHI's economic, and
industrial relationships with Egypt, which has the population of 90
million, and to serve as a springboard to the substantial African
market. The subsidiary was created for new business development and
to work flexibly in alliance with Egyptian companies to quickly and
accurately meet the needs of the rapidly growing demand of Egypt's
infrastructure and industrial base.
MHI Egypt has been established through investment from MHI, the MHI
Group company Mitsubishi Heavy Industries France S.A.S. (MHIF,
headquartered in Paris) that oversees Europe, the Middle East and
African regions, and our European office Mitsubishi Heavy
Industries Europe, Ltd. (MHIE, Headquarters: London).
With Egypt completing an expansion of the Suez Canal in 2015 and
developing other large-scale projects such as regional development
plans, the world's attention is now focused on the country's growth
potential, and overseas direct investment is increasingly
active.
Upon the inauguration of MHI Egypt, MHI President and CEO Shunichi
Miyanaga made the following comment.
"MHI Group is currently delivering many products to Egypt, such as
our participation in the South Helwan thermal power plant project,
Egypt's largest, in the energy field. On the occasion of the
establishment of MHI Egypt, while carrying out activities rooted in
the country, our entire Group will make further efforts to
contribute to the future growth and prosperity of Egypt, making
full use of our technical capabilities in a wide range of business
areas."
Going forward, MHI will make close contact with the customers and
markets of Egypt and Africa through MHI Egypt, and continue to
actively carry out business activities that contribute to the
economic and industrial development of the region.
About Mitsubishi Heavy Industries, Ltd.
Mitsubishi Heavy Industries, Ltd. ("MHI"; TSE:7011), headquartered
in Tokyo, Japan, is one of the world's leading heavy machinery
manufacturers. MHI's diverse lineup of products and services
encompasses shipbuilding, power plants, chemical plants,
environmental equipment, steel structures, industrial and general
machinery, aircraft, space rocketry and air-conditioning systems.
For more information, please visit the MHI website at
www.mhi.co.jp.
Source: Mitsubishi Heavy Industries, Ltd.
Contact:
Mitsubishi Heavy Industries
Hideo Ikuno
h.ikuno@daiya-pr.co.jp
+81-3-6716-5277
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