UBE MACHINERY CORPORATION, Ltd. completed the acquisition of 85% stake in Mitsubishi Heavy Industries Plastic Technology Co.,Ltd. from Mitsubishi Heavy Industries Ltd..
January 01, 2017
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UBE MACHINERY CORPORATION, Ltd. entered into an agreement to acquire 85% stake in Mitsubishi Heavy Industries Plastic Technology Co.,Ltd. from Mitsubishi Heavy Industries Ltd. (TSE:7011) on July 29, 2016. Under the terms of the transaction, UBE will acquire the management rights to Mitsubishi Heavy Industries Plastic Technology and MHI’s injection molding machine sales bases in the core overseas markets: North America, China and Thailand. Mitsubishi Heavy Industries Plastic Technology reported revenue of ¥10 billion in 2015. The transaction is expected to be close by January 1, 2017.
UBE MACHINERY CORPORATION, Ltd. completed the acquisition of 85% stake in Mitsubishi Heavy Industries Plastic Technology Co.,Ltd. from Mitsubishi Heavy Industries Ltd. (TSE:7011) on January 1, 2017. Pursuant to the acquisition, Mitsubishi Heavy Industries Plastic Technology Co.,Ltd. changed its name to U-MHI Platech Co., Ltd.
Mitsubishi Heavy Industries, Ltd. is a diversified group organized around 4 business segments:
- manufacturing of systems and components for energy production units (42.6% of net sales): offshore wind turbines, pumps, turbochargers, reactors, compressors, aero-engines, gas turbines, nuclear power generators, etc.;
- shipbuilding and industrial construction (41.1%): construction of ships, land transport systems, machinery and industrial installations, environmental systems (industrial wastewater treatment systems, air pollution control units, marine pollution prevention systems, waste incinerators, etc.), handling equipment, machine tools, air conditioning and refrigeration systems, toll systems, etc.;
- construction of avionics, defence and aerospace systems (15.7%);
- other (0.3%).
Net sales are distributed geographically as follows: Japan (48.9%), Asia (17.4%), the United States (14.8%), Europe (9.4%), Middle East (2.9%), Central and South America (2.8%), Africa (1.3%) and other (2.5%).
UBE MACHINERY CORPORATION, Ltd. completed the acquisition of 85% stake in Mitsubishi Heavy Industries Plastic Technology Co.,Ltd. from Mitsubishi Heavy Industries Ltd..
MITSUBISHI HEAVY INDUSTRIES, LTD. 
