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Mitsubishi Heavy Industries Ltd (7011.T)

7011.T on Tokyo Stock Exchange

4,083JPY
24 Nov 2017
Change (% chg)

¥-37 (-0.90%)
Prev Close
¥4,120
Open
¥4,090
Day's High
¥4,098
Day's Low
¥4,051
Volume
2,166,900
Avg. Vol
1,531,100
52-wk High
¥5,714
52-wk Low
¥4,051

Latest Key Developments (Source: Significant Developments)

Areva says uranium deliveries not impacted by suspension on Saskatchewan operations
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - AREVA::* AREVA acknowledges decision of Cameco Corporation to temporarily suspend by end-January 2018 production from the McArthur River mining and Key Lake milling operations in northern Saskatchewan, Canada, due to continued low uranium price..* AREVA says temporary suspension - which is expected to last ten months – will not affect uranium delivery to its customers.* Regarding Cigar Lake mine and McClean Lake mill, 2018 production is expected at the same level as in 2017.* AREVA says market conditions have been very unfavourable with a drop of uranium spot price from early 2015 to the end of 2016 by 50% to reach 20$/lb and so far, the market does not show any sign of recovery.* New AREVA is committed to remain a reliable and competitive long-term uranium supplier.* New AREVA was split off from state-owned integrated nuclear group Areva this year after its parent company's equity was wiped out following years of losses..* The French state recapitalised the new AREVA company with a 2.5 billion euro capital increase in July, while Japan's MHI <7011.T> and JNFL also plan to put in 500 million euros..  Full Article

Mitsubishi Heavy Industries to transfer business to units
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Mitsubishi Heavy Industries Ltd <7011.T>:Says it plans to transfer ship & ocean related business to Kanagawa-based wholly owned shipbuilding unit on Jan. 1, 2018.Says it plans to transfer ocean steel structure related business to wholly owned steel structure unit on Jan. 1, 2018.Says it plans to transfer chemical plant and transportation product related engineering business to wholly owned transportation systems unit on Jan. 1, 2018.Says it plans to transfer hydraulic machinery related business to unit Mitsubishi Heavy Industries Machinery Systems Ltd and a wholly owned shipbuilding unit on Jan. 1, 2018.  Full Article

Mitsubishi Heavy Industries to merge with ship unit
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Mitsubishi Heavy Industries Ltd <7011.T>:Says it plans to merge with Nagasaki-based ship unit and take over partial assets and liabilities from the unit on Jan. 1, 2018.Says unit will be dissolved after merger .  Full Article

Hazer says signs MOU with Primetals Technologies
Sunday, 15 Oct 2017 

Oct 16 (Reuters) - Hazer Group Ltd :Hazer signs MOU with Primetals Technologies .MOU ‍to jointly investigate commercial and technical viability of utilising Hazer Technology in steel industry​.  Full Article

Mitsubishi Heavy Industries to combine shipbuilding design, engineering workforces-Nikkei
Friday, 2 Jun 2017 

June 2 (Reuters) - Nikkei::Mitsubishi Heavy Industries will consolidate shipbuilding design and engineering workforces as part of effort to revive its vessel business - Nikkei.Mitsubishi Heavy's center may also design vessels ordered for Imabari or Namura - Nikkei.Mitsubishi Heavy Industries engineers at various shipyards to be brought under new vessel, marine technology center in yokohama as of July 1 - Nikkei.Mitsubishi Heavy Industries' new vessel & marine technology center will also tie up with peers like imabari shipbuilding, namura shipbuilding - Nikkei ‍​.  Full Article

West Japan Railway to buy 70 pct stake in unit of Mitsubishi Heavy Industries
Monday, 31 Oct 2016 

West Japan Railway Co <9021.T> : Says co plans to acquire a 70 percent stake in a Tokyo-based real estate agency (target company) which is the sub-subsidiary of Mitsubishi Heavy Industries Ltd <7011.T>, on Feb. 1, 2017 . Says transaction amount is 97 billion yen . Mitsubishi Heavy Industries plans to spin off real estate and related business to the target firm effect on Jan. 1, 2017 .Co will hold a 70 percent stake in the target company up from 0 percent.  Full Article

Mitsubishi Heavy Industries may spin off ship design division - Nikkei
Wednesday, 12 Oct 2016 

: Mitsubishi Heavy Industries Ltd may spin off ship design division - Nikkei . Mitsubishi Heavy Industries Ltd says to focus on ship engines - Nikkei ((Bangalore.newsroom@thomsonreuters.com ;)).  Full Article

Mitsubishi Nichiyu Forklift plans full acquisition of UniCarriers Corp
Thursday, 29 Sep 2016 

Mitsubishi Nichiyu Forklift Co Ltd <7105.T> : Says co, which is the unit of Mitsubishi Heavy Industries Ltd <7011.T>, plans to buy 65 percent stake of shares(245,375 shares) in UniCarriers Corp, from Mitsubishi Heavy Industries' wholly owned unit Mitsubishi Heavy Industries Forklift & Engine Turbocharger Holdings Ltd . Says transaction amount is 76.81 billion yen and effective date on Jan. 1, 2017 .Co will hold a 100 percent stake in UniCarriers Corp after transaction up from 35 percent.  Full Article

Hitachi, Toshiba, Mitsubishi Heavy near deal on nuclear fuel - Nikkei
Wednesday, 28 Sep 2016 

Nikkei: Hitachi, Toshiba, Mitsubishi heavy near deal on nuclear fuel - Nikkei . Hitachi, Toshiba, Mitsubishi heavy are in final talks to integrate their nuclear fuel businesses as early as Spring - - Nikkei .Hitachi, Toshiba, Mitsubishi heavy expected to form joint holding co for their nuclear fuel businesses and will consider eventually merging them into one entity - Nikkei.  Full Article

MHI Vestas wins 92.4 MW order in Aberdeen, UK
Tuesday, 27 Sep 2016 

Danish-Japanese joint venture MHI Vestas offshore wind turbine manufacturer : Says has received an order to supply 11 V164-8.0 megawatt turbines for Vattenfall-owned company, Aberdeen Offshore Wind Farm Ltd. . The 92.4 megawatt European Offshore Wind Deployment Centre project will conduct testing and demonstration of next generation products and services . Says the turbines will be the first to be able to power up to 8.4 megawatt . Installation and commissioning expected in the first half of 2018 . Will deliver a service contract of up to 20 years . Says blades for the Aberdeen Offshore Wind Farm will be produced at the MHI Vestas blade factory on the Isle of Wight Further company coverage: [VWS.CO][7011.T] (Copenhagen newsroom) ((copenhagen.newsroom@thomsonreuters.com; +45 33 96 96 03;)).  Full Article