MHI Extends Its Australia/Oceania Reach by Establishing MHI Australia Pty. Ltd. in Sydney

Mitsubishi Heavy Industries, Ltd. (MHI) (TOKYO:7011) launched operations
at MHI Australia, Pty. Ltd. in Sydney. Creation of the new entity has
two overriding ambitions: 1) to strengthen ties with Australia’s
governmental institutions and economic and industrial sectors, and 2) to
serve as a base for developing relationships with Australia’s academic
bodies, including universities and research institutes. MHI Australia
will help drive proactive sales support as well as broad information
gathering to reinforce MHI’s business structure in the Australia/Oceania
region as well.

Australia, with its abundant reserves of energy and mineral resources,
especially natural gas and coal, and its solid and sustainable economy,
offers outstanding market potential for the MHI Group’s diverse
businesses. Recognizing this growth capacity, MHI has decided to focus
on developing operations in Australia recognizing the country’s
important position for MHI’s regional strategy from a global perspective.

MHI Australia will focus on developing business opportunities in 1) the
energy and environment fields, including thermal power generation
facilities, and 2) diverse fields such as logistics equipment and
compressor products for use in natural gas fields, etc. MHI will also
take advantage of MHI Australia’s close proximity and ties with a wide
range of Australian communities to sow the seeds for joint research with
local universities and research institutes, both public and private.
MHI’s global strategy further calls for the new entity to develop supply
chains in Australia spanning across MHI’s various fields of business.

Upon inauguration of its new strategic entity in Australia, MHI
President and CEO Shunichi Miyanaga commented: “Over the years, starting
with delivery of a steam turbine for a power generation plant in
Collinsville, a town in the suburbs of Townsville, Queensland in 1969,
the MHI Group has supplied numerous thermal power generation systems,
compressors, and metals machinery to Australia, helping contribute to
Australia’s rapid development. Today, together with the Japanese
Government, MHI is participating in the process to pick a partner for
Australia’s Future Submarine program. With the establishment of MHI
Australia, we hope to integrate the MHI Group’s full technological
strengths and experience in large-scale project management across a wide
spectrum of business areas. Working in lock step with the advanced
initiatives being taken in Australia’s industrial and academic sectors,
we will bring new waves of innovation in diverse Australian industries,
so that we may grow and prosper together.”

Going forward, through MHI Australia, MHI will devote its companywide
resources to forming close ties with customers and markets within
Australia and throughout the Oceania region, undertaking ever more
aggressive activities to contribute to the economic and industrial
development of this whole region.

About Mitsubishi Heavy Industries
Mitsubishi Heavy
Industries, Ltd. (MHI), headquartered in Tokyo, Japan, is one of the
world’s leading heavy machinery manufacturers, with consolidated sales
of 3,992.1 billion yen in fiscal 2014, the year ended March 31, 2015.
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, please visit the MHI website (http://www.mhi-global.com/index.html).

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