MHI forms machinery, steel structures subsidiary in Singapore

Mitsubishi Heavy Industries Ltd (MHI) establishes MHI Industrial Engineering & Services Private Ltd. (MIES) in Singapore effective October 1. It will handle the company's machinery and steel structures business. MIES is aimed to function as a marketing and service base for environmental and chemical plant projects in the Southeast Asia and Middle East regions, where market expansion is expected over the long term. The new company will also serve to execute part of EPC (engineering, procurement and construction) projects, such as procurement activities. Future plans call for MIES to broaden its business scope from environmental and chemical plants to other product areas and become a regional business base for other operations in machinery and steel structures. MIES will undertake a variety of engineering projects, including gas and oil production facilities, flue-gas desulfurisation systems and carbon dioxide (CO2) recovery systems, in addition to its primary focus on chemical plant projects. Mitsubishi Heavy Industries Singapore Private Ltd (MHISP), a wholly-owned subsidiary of MHI, will hold 100% of MIES's capital, which will be S$2.4 million upon establishment but is subject to future increases in step with business expansion. MIES will initially launch operations with 11 employees, with plans envisioning an increase to about 50 within four years.Chuck Taylor All Star