MHI Convenes "5th MHI Business Partners Conference" Attended by

MHI Convenes "5th MHI Business Partners Conference" Attended by 300 Suppliers 
Aiming Towards Strengthening Partnerships as a Method of Enhancing
"Manufacturing Power" throughout the Value Chain 
Tokyo, Nov 22, 2012 - (JCN Newswire) - Today Mitsubishi Heavy Industries, Ltd.
(MHI) held its 5th MHI Business Partners Conference in Tokyo, attended by 300
Partner Suppliers. The meeting served to affirm MHI's commitment to
enhance the "Manufacturing Power" of its total value chain as a way
of enabling the company to play an important role in the revitalization of
Japan through strengthened partners with its key Suppliers. MHI used the
occasion to provide its principal Business Partners with an overview of its
initiatives in areas such as business scale expansion and development of
business opportunities in emerging economies. The proceedings also included a
panel discussion as well as the introduction of examples of improvements
achieved to date by company Suppliers. 
The aim of the MHI Business Partners Conferences is for company executives to
convey, firsthand, MHI's business plans, core policies, procurement
policies, etc., as a way of further strengthening the company's
relationships with its Suppliers for the benefit of all concerned. 
Today's Conference opened with an address by MHI President and CEO
Hideaki Omiya on the company's business strategies. He discussed the
targets of the 2012 Medium-Term Business Plan, a comprehensive three-year plan
launched this fiscal year, and explained MHI's strategies for achieving
the company's next goal: to become a robust earnings-generating entity
with a business scale of 5 trillion yen. At a time when Japanese society and
the country's manufacturing industries are widely seen as lacking forward
momentum, Mr. Omiya spoke of his determination to contribute, in tandem with
the company's Business Partners, to the nation's revitalization as a
technologically sustained world-class force, and he asked for their renewed
understanding and cooperation. 
For the first time, the conference incorporated a panel discussion. This forum
focused on the theme of Japan as a country sustained by technology, and it
brought together members of MHI's executive rank, including Mr. Omiya, and
upper echelon representatives of three Supplier firms. They discussed and
shared their views on such issues as how to respond to globalization and global
developments in manufacturing technology. 
MHI's 2012 Medium-Term Business Plan has set two overriding targets:
expansion of the company's business scale and improvement of both capital
efficiency and net income levels. To achieve those aims the company has
formulated strategies including consolidation and restructuring of its business
segments, acceleration of the company's global expansion, and the
institution of corporate reforms and efficiency improvements. To apply these
strategies in the area of procurement, the company is striving to expand
overseas purchasing and increase integrated procurement; also, it is working to
strengthen activities to determine areas in need of improvement from the
Suppliers' perspective. Examples in which such initiatives have already
produced noteworthy results were introduced at the Conference. 
The MHI Business Partners Conferences have been held annually since 2008.
Going forward MHI will continue to forge increasingly stronger relationships
with its Business Partners in its ongoing quest to achieve a dynamic and
resilient corporate structure that will enable the company to survive and
maintain an edge over its competition in today's rapidly changing business
About Mitsubishi Heavy Industries 
Mitsubishi Heavy Industries, Ltd. (MHI), headquartered in Tokyo, Japan, is one
of the world's leading heavy machinery manufacturers, with consolidated
sales of 2,820.9 billion yen in fiscal 2011, the year ended March 31, 2012.
MHI's diverse lineup of products and services encompasses shipbuilding,
power plants, chemical plants, environmental equipment, steel structures,
industrial and general machinery, aircraft, space rocketry and air-conditioning
systems. For more information, please visit the MHI website at 
Mitsubishi Heavy Industries
Hideo Ikuno
Copyright 2012 JCN Newswire. All rights reserved. 
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