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.
The new wholly-owned subsidiary will be formed by the merger of MHI Paper & Printing Machinery Division and Printing & Paper Converting Machinery Sales Co., Ltd. New Mitsubishi printing presses sold in North America, Central America and Mexico by MLP U.S.A. all originate within the Paper & Printing Machinery Division. MHI will integrate the division's manufacturing operations into the sales and service apparatus of Printing & Paper Converting Machinery Sales Co.
The new company will handle all business activities associated with Mitsubishi sheetfed, commercial web and newspaper presses, as well as paper converting and box making machinery. It will be responsible for design, manufacture, procurement, marketing, quality assurance and after-sales service.
For more information, visit www.mlpusa.com.