Mitsubishi Heavy Industries, Ltd. (MHI) recently announced that it has decided to establish a new company dedicated to compressor business operations effective April 1, 2010. Through the integration with MHI Turbo-Techno Co. (MTT), MHI aims to form a resilient and robust business structure that will enable the new enterprise's success in the global compressor market.

According to the company’s press release, with this initiative MHI looks 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 and will handle compressor design, engineering, marketing and after-sales services. The main office of the new company will be located at the department's Kan-on Plant in Hiroshima.

---