27 November 2009 - Mitsubishi Heavy Industries (MHI) has decided to establish a company dedicated to compressor business operations effective 1 April 2010.

The new wholly owned subsidiary will integrate MHI's current operations in compressors with those of MHI Turbo-Techno Co. (MTT), which now handles related after-sales services.

The Japanese firms said it wants to boost business development in this area dynamically in its quest to rank among the world's top three compressor manufacturers.

The new company will be established by transferring MHI's current compressor business operations to MTT. The new enterprise will handle compressor design, engineering, marketing and after-sales services.

Compressor manufacture and assembly will continue to be performed by MHI's Industrial Machinery Business, Technology & Solutions Department. The main office of the new company will be located at the department's Kan-on Plant in Hiroshima.

MHI will closely work with the new company after its establishment and is committed to supporting its business development thoroughly from both the technical and marketing aspects.