Vestas to Lay Off 220 Employees in Denmark and UK
Wind turbine maker Vestas said on Thursday it will lay off 220 employees, primarily in Denmark and Britain, as part of the integration of its onshore and offshore operations.This follows the Danish company's October announcement that it would take full ownership of its joint venture with Mitsubishi Heavy Industries in an $838 million deal to accelerate growth in offshore wind."Integrating and simplifying two companies inherently creates overlaps between functions and it's, therefore, necessary if we want to create a competitive and scalable organization," Vestas Chief Executive Henrik
MHI Vestas Eyes Further Asia Pacific Growth. Appoints Regional Manager
Offshore wind turbine specialist MHI Vestas has appointed Masato Yamada as Regional Manager Asia Pacific to facilitate broader growth across the region.The company, a joint venture between Denmark's Vestas and Japan's Mitsubishi Heavy Industries, said Wednesday Yamada would oversee the company’s growth across the Asia Pacific region. He was formerly the company’s Chief Strategy Officer based in Aarhus, Denmark, and will now be based in MHI Vestas’ Tokyo office."Mr. Yamada has been with MHI Vestas since the formation of the joint venture between the two parent
MHI Appoints Izumisawa President & CEO
Mitsubishi Heavy Industries, Ltd. (MHI) announced executive-level personnel changes effective March 31 and April 1, 2019 and made nominations for Directors to be proposed to the 94th Ordinary General Meeting of Shareholders scheduled for June 27, 2019. MHI also announced the appointment of Seiji Izumisawa as President & Chief Executive Officer (CEO), effective April 1, 2019, and Chief Strategy Officer (CSO), a role he holds currently. He succeeds Shunichi Miyanaga, who will take on the role of Chairman of the Board after six years as MHI's executive leader. These appointments were
Siemens May Cut Jobs in Power Turbine Business Overhaul
worldwide, of which 12,000 are based in Germany. Process Industries had about 45,000 employees last year. Analysts at Berenberg have said they expect that Siemens could ultimately seek to tackle the large gas turbine business by striking a joint venture with a sizeable player, such as Mitsubishi Heavy Industries. Siemens has already taken steps to break up its lumbering conglomerate structure, including merging its rail business with that of French rival Alstom and the listing of its healthcare business planned for next year. According to Manager Magazin, management will present the restructuring
MHI Announces Executive-level Personnel Changes
Mitsubishi Heavy Industries, Ltd. (MHI) announced executive-level personnel changes effective January 31 and February 1, 2017. Hiroshi Yokota, Senior Vice President, Head of Nagasaki Shipyard & Machinery Works, President of Mitsubishi Heavy Industries Shipbuilding Co., Ltd., will retire January 31, 2017. Masao Miyazaki, currently Fellow, General Manager, Shipbuilding & Ocean Development Division of Commercial Aviation & Transportation Systems, will become Fellow, General Manager, Shipbuilding & Ocean Development Division of Commercial Aviation & Transportation
MHI Welcomrd New Employees
Mitsubishi Heavy Industries, Ltd. (MHI) held a ceremony at Shinagawa Intercity Hall in Tokyo to formally welcome new employees joining the company this year. President and CEO Shunichi Miyanaga addressed the new recruits, about to begin new lives as productive members of society, both as head of one of Japan's leading manufacturing companies and, on a more personal level, as an experienced participant in society. He indicated how they should prepare themselves to serve as MHI employees and expressed his high hopes and strong expectations for their future achievements.
MFET Announces Changes in Executive-level Personnel
Mitsubishi Heavy Industries Forklift & Engine Turbocharger Holdings, Ltd. (MFET) has announced the following executive-level personnel changes effective April 1, 2016. Position, Name, Duties President and CEO Atsushi Maekawa Executive Vice President, Yuichi Makimura, Forklift truck (material handling equipment) business Executive Vice President, (part-time) Yoshiyuki Hanasawa, Engines & Turbochargers (Executive officer of Mitsubishi Heavy Industries, Ltd., Vice President of Energy & Environment domain) Director (part-time,) Hideaki Ninomiya
MHI Targets Threefold Female Management Increase
Newly Set Target is Aimed to Promote Diversity of Human Resources. Mitsubishi Heavy Industries, Ltd. (MHI) has set a target to increase the number of the company's female managers (in positions of Section Manager and higher) threefold from the current level by 2020. This initiative is being taken in conjunction with MHI's pursuit of diversity management deemed necessary to further accelerate the company's global expansion and to make the leap to a highly profitable enterprise with a business scale of 5 trillion yen. Until now MHI has promoted the active participation of its female employees
France Picks: GE is the One for Alstom
France chose General Electric to form an alliance with Alstom on Friday - rejecting an offer from Siemens and Mitsubishi Heavy Industries - but said the deal still needed some work and added it would buy a 20 percent stake in the hotly-contested company. Economy Minister Arnaud Montebourg said he had used a newly- created state decree to reject both of the existing offers as not being in France's strategic interest, and had formulated fresh demands to GE Chief Executive Jeff Immelt. The decision ended weeks of suspense surrounding one of Europe's fiercest industrial battles in years, but left
France Expects Better GE Offer For Alstom
France expects General Electric to boost its bid for Alstom's power unit in response to a potential joint offer from Siemens and Mitsubishi Heavy Industries, Finance Minister Michel Sapin said on Sunday. Siemens and Mitsubishi are putting the finishing touches on an offer for Alstom's turbine businesses, including a cash element of roughly 9 billion euros ($12.3 billion), according to sources close to the bidders. That compares with the U.S. conglomerate's existing offer of 12.4 billion euros ($16.9 billion) for all of Alstom's energy assets. "Mitsubishi forming an
Another Mammoth Gas Ship Ordered for MHI
The U.S. Shale Gas Revolution continues to drive orders for some of the world’s largest, most sophisticated tonnage. Mitsubishi Heavy Industries, Ltd. (MHI) received an order from Astomos Energy Corporation for a very large liquefied petroleum gas (LPG) carrier. The LPG carrier on order is identical to a vessel ordered to MHI by Astomos Energy late last year. Completion and delivery of the ship are scheduled for the first half of 2016. The newly ordered LPG carrier will measure 230.0 meters (m) in length overall (LOA), 36.6m in width and 11.1m in draft, with gross tonnage of 48,300 tons (t)
