Mitsubishi Starts Print and Paper Converting Business

Mitsubishi Heavy Industries announced the start-up, effective July 1, of a fully owned subsidiary established to takeover the company's printing and paper converting machinery operations.

The new company - Mitsubishi Heavy Industries Printing & Packaging Machinery, Ltd. (MHI-P&PM) - is headquartered in Hiroshima, Japan. Ken Watabe has been appointed president of the new company.