Mitsubishi Heavy Industries to Launch New Company

Lincolnshire, Illinois-based MLP U.S.A., a subsidiary of Mitsubishi Heavy Industries (MHI), announced its parent corporation plans to establish a new company dedicated to advancing MHI's printing and paper converting machinery business, effective July 1, 2010.

The new company will streamline Tokyo-based MHI's existing operations related to the manufacture, marketing and support of printing and paper converting machinery. The resulting flexible business structure will enable MHI to successfully compete with other enterprises specializing in this segment of the industry.