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Mitsubishi Heavy Industries

In: Business and Management

Submitted By waajdan
Words 1569
Pages 7
Introduction of Mitsubishi Heavy Industries:-
Mitsubishi Heavy Industries, Ltd., Japan's largest shipbuilding and machinery maker, is a mammoth company involved in an array of industrial concerns. With nearly 150 subsidiaries, Mitsubishi Heavy Industries (MHI) operates in 11 key sectors--Shipbuilding, Nuclear Energy Systems, General Machinery and Components, Paper and Printing Machinery, Steel Structures and Construction, Machinery and Plants, Air-Conditioning and Refrigeration Systems, Machine Tools, Power Systems, Aerospace Systems, and Industrial Machinery--and produces everything from cruise ships and oil tankers, to construction machinery, newsprint machines, turbines, airplanes, gasoline engines, and gear cutting machines. The company also builds nuclear power plants, bridges, and sports stadiums. MHI traces its history back to the latter part of the 19th century, and has demonstrated its ability to withstand periodic downturns in the Japanese economy..MIT operated in more than 35 countries.
Company Vision:-

Introducing Our Creed.
Company Mission:-
For more than a century, Mitsubishi Heavy Industries has been supplying the world with some of its greatest technological innovations, creating symphonic harmony between nations and a more comfortable world for mankind. At the beginning of this new millenium, an exciting new era of challenges and successes lies ahead of us, an aeon in which we will continue to create harmony between men, technology and nature through the utilization of our technological expertise. We will continue to develop new and innovative products, and explore new technologies to ensure that we can all enjoy a better future.
Brand Message:-

Introducing our spirit.
History of Company:- The Mitsubishi company was first established as a shipping firm by Yatarō Iwasaki (1834–1885) in 1870. In 1873, its name was changed to Mitsubishi Shokai . The name Mitsubishi (三菱 consists of two parts: "mitsu" meaning "three" and "hishi" (which becomes "bishi" under rendaku) meaning "water caltrop" (also called "water chestnut"), and hence "rhombus", which is reflected in the company's famous logo. It is also translated as "three diamonds"

Mitsubishi had been established in 1870, two years after the Meiji Restoration, with shipping as its core business. Its diversification was mostly into related fields. It entered into coal-mining to gain the coal needed for ships, bought a shipbuilding yard from the government to repair the ships it used, founded an iron mill to supply iron to the shipbuilding yard, started a marine insurance business to cater for its shipping business, and so forth. Later, the managerial resources and technological capabilities acquired through the operation of shipbuilding were utilized to expand the business further into the manufacture of aircraft and equipment. Similarly, the experience of overseas shipping led the firm to enter into a trading business.

The company bought into coal mining in 1881 by acquiring the Takashima mine and Hashima Island in 1890, using the production to fuel their extensive steamship fleet. They also diversified into shipbuilding, banking, insurance, warehousing, and trade. Later diversification carried the organization into such sectors as paper, steel, glass, electrical equipment, aircraft, oil, and real estate. As Mitsubishi built a broadly based conglomerate, it played a central role in the modernization of Japanese industry.

The merchant fleet entered into a period of diversification that would eventually result in the creation of three entities:
Mitsubishi Bank (now a part of the Mitsubishi UFJ Financial Group) was founded in 1919. After its mergers with the Bank of Tokyo in 1996, and UFJ Holdings in 2004, this became Japan's largest bank.
Mitsubishi Corporation, founded in 1950, Japan's largest general trading company
Mitsubishi Heavy Industries, which includes these industrial companies.
Mitsubishi Motors, the sixth-largest Japan-based auto manufacturer.
Mitsubishi Atomic Industry, a nuclear power company.
Mitsubishi Chemical, the largest Japan-based chemicals company
Mitsubishi Powersystems, a power generation division
Nikon Corporation, specializing in optics and imaging.

World War II:- Mitsubishi A6M "Zero" fighter.

During the Second World War, Mitsubishi manufactured aircraft under the direction of Dr. Jiro Horikoshi. The Mitsubishi A6M ("Zero") was a primary Japanese naval fighter in World War II. It was used by Imperial Japanese Navy pilots throughout the war, including in kamikaze attacks during the later stages. Allied pilots were astounded by its maneuverability,[4] and it was very successful in combat until the Allies devised tactics to utilize their advantage in firepower and diving speed.

Mitsubishi made use of forced labor during this time period. Laborers included allied POWs, as well as Chinese and Korean citizens. In the post-war period, lawsuits and demands for compensations were presented against the Mitsubishi Corporation, in particular by former Chinese slave laborers. Mitsubishi were involved in the opium trade in China during this period.

1945 to Present:-

Mitsubishi participated in Japan's unprecedented economic growth of the 1950s and 1960s. For example, as Japan modernized its energy and materials industries, the Mitsubishi companies created Mitsubishi Petrochemical, Mitsubishi Atomic Power Industries, Mitsubishi Liquefied Petroleum Gas, and Mitsubishi Petroleum Development.

The traditional Mitsubishi emphasis on technological development was in new ventures in such fields as space development, aviation, ocean development, data communications, computers, and semiconductors. Mitsubishi companies also were active in consumer goods and services.

In 1970, Mitsubishi companies established the Mitsubishi Foundation to commemorate the centennial anniversary of the founding of the first Mitsubishi company. The companies also individually maintain charitable foundations. Mitsubishi pavilions have been highlights of expositions in Japan since EXPO'70 in Osaka in 1970s to 1980s.

As of 2007, Mitsubishi Corporation, a member of the Mitsubishi Group, is Japan's largest general trading company (sogo shosha) with over 200 bases of operations in approximately 80 countries worldwide. Together with its over 500 group companies, Mitsubishi employs a multinational workforce of approximately 54,000 people.

Mitsubishi Motors reached 1.3 million cars of total production in 2007.

Origins of the Famous Emblem:-

The name "Mitsubishi" refers to the three-diamond emblem. "Mitsubishi" is a combination of the words "mitsu" and "hishi." "Mitsu" means three. "Hishi" means water chestnut, and the word is used to denote a rhombus or diamond shape. As customary, "hishi" is pronounced "bishi" when it forms a latter part of a word, hence the combination of "mitsu" and "hishi" reads "mitsubishi."

Yataro Iwasaki, the founder of the old Mitsubishi organization, decided on the three-diamond mark as the emblem for his company.The mark is said to be an arrangement of two family crests; the three-oak-leaf crest of the Yamauchi family, Lords of Tosa, where Yataro was born, and the three-tiered water chestnut crest of the Iwasaki family.
Global Network Of Mitsubishi:-

Japan
North America
Latin America
Europe-CIS
Africa
Middle East
Asia/Pacific
Australia
Bangladesh
Brunei
Cambodia
China
India
Indonesia
Republic of Korea
Malaysia
Mongolia
Myanmar
New Zealand
Pakistan
Philippines
Singapore
Sri Lanka
Thailand
Vietnam
Taiwan
Products of MIH:-

MHI's products include: * Aerospace systems * Rockets and spacecraft * Air conditioning and refrigeration systems * Armoured fighting vehicles * Tanks * Desalination equipment * Diesel engines * Electric buses * Energy equipment * Fossil fuel electricity generation equipment * Boilers * Combined cycles * Gas turbines * Steam turbines * Fuel cells * Renewable energy equipment * Wind turbines * Traction batteries * Forklifts * Industrial machinery * Machine tools * Paper and printing machinery * Light rail vehicles * K-stock metro cars with Rotem - MTR * Ships and marine structures * Cruise ships * LPG carriers * Oil tankers * Warships * Atago class destroyer * Harushio class submarine * Hatakaze class destroyer * Kongō class destroyer * Oyashio class submarine * Sōryū class submarine * Tachikaze class destroyer * Takanami class destroyer * Torpedoes * Turbochargers
MIT Products in Pakistan:-
Petroleum Products, Steel Products, Power & Electrical Systems, Elevator & Escalator Operation & Marketing, Plants, Automobiles, Petrochemical Products, Materials for Synthetic Fibers, Functional Chemicals, Materials for and Products by Synthetic Resins, Food (Products), Textiles, General Merchandise.
MIT Products in Australia:-
IT, Media and Communication Services, Logistics, Petroleum Products, Carbon, Crude Oil, LPG, LNG, Steel Products, Coal, Iron Ore, Non-Ferrous Metals & Minerals, Non-Ferrous Metal Products, Power & Electrical Systems, Plants, Ships, Automobiles, Industrial Machinery, Development & Construction Business, Aerospace Business, Petrochemical Products, Materials for Synthetic Fibers, Fertilizer, Functional Chemicals, Materials for and Products by Synthetic Resins, Food and Feed Additives, Advanced Materials, Foods (Commodity), Food (Products), Textiles, General Merchandise.
MIT Products in Europe:- Living Environmental Systems
Room Air Conditioners, Packaged Air Conditioners, Multi Systems, Heat-Pumps, Jet Towel Hand Driers LOSSNAY, Ecodan, Citi-Multi, Mr Slim. | Automotive Equipment
Starter Motors, Alternators, EPS ECU, EPS Motors, DVD Car Navigation Systems, Rear Seat Entertainment Systems | Industrial Automation
Robots, AC Servos, CNCs, Circuit Breakers, Switches, Variable Frequency Drives, Inverters, PLCs, UPS, Industrial Sewing Machines. | Visual Information Systems
Multimedia Projectors, Large-screen LCDs, Video Walls, Diamond Vision, Printers, Security Solutions, Display-Wall Systems, Home Cinema. | Semiconductors & Devices
Power Devices (IGBT Modules, IPM, HVIGBT Modules, HVIPM), Optical Modules, Optical Transceiver Receivers, TFT-LCD Modules | Elevators & Escalators
Elevators, High-Speed Lifts, Machine-Room-Less Elevators, Escalators, Spiral Escalators, Moving Walks | Transmission & Distribution
Power Substations 132Kv +MIT Products in Africa:- |
Petroleum Products, Carbon, Crude Oil, Iron Ore, Non-Ferrous Metals & Minerals, Non-Ferrous Metal Products, Power & Electrical Systems, Elevator & Escalator Operation & Marketing, Plants, Ships, Automobiles, Industrial Machinery, Development & Construction Business, Petrochemical Products, Materials for Synthetic Fibers, Fertilizer, Functional Chemicals, Materials for and Products by Synthetic Resins, Food and Feed Additives, Advanced Materials, Foods (Commodity), Food (Products), Textiles, General Merchandise. http://www.referenceforbusiness.com/history2/31/Mitsubishi-Heavy-IndustriesLtd.html http://www.mitsubishi.com/e/group/mark.html http://en.wikipedia.org/wiki/Mitsubishi www.mitsubishicorp.com/jp/en/network/ao/pakistan.html http://www.mitsubishicorp.com/jp/en/network/ao/australia.html
http://www.mitsubishicorp.com/jp/en/network/africa/southafrica.html

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