MHI to Open Office in Basra, Iraq to Respond Swiftly to Sharp In

MHI to Open Office in Basra, Iraq to Respond Swiftly to Sharp Increase in
Reconstruction Demand and Expanding Market for Large-scale Infrastructure
Projects 
Tokyo, Aug 26, 2013 - (JCN Newswire) -  On September 1 Mitsubishi Heavy
Industries, Ltd. (MHI) will open an office in Basra, the second-largest city in
Iraq. MHI aims to respond swiftly to emerging large-scale social infrastructure
improvement projects supported by its vast oil reserve and rapidly increasing
reconstruction demand from warfare and economic sanction. The new office will
function as a base for flexible sales support and information gathering
activities. 
The Basra Office will be inaugurated under the direct purview of the Global
Strategic Planning and Operations Headquarters, tasked with exploring for
highly promising projects and forming close ties with key customers as Iraq
marks quickly expanding demand for large-scale reconstruction projects. 
Iraq is seen as having high market potential, with numerous infrastructure
improvement projects planned as the country's security situation is
gradually restored. Japanese firms continue to enjoy a high level of local
trust stemming from their participation in a large number of infrastructure
projects during the 1970s, and the Iraqi government has repeatedly voiced its
hopes that Japanese companies will take part in the country's recovery
efforts. 
The new Basra Office is thus being established based on the view that, under
the circumstances, MHI is in need of opening a local base in Iraq as quickly as
possible. 
Through the new office, MHI aims to work closely with Iraqi customers and
become fully familiar with the local market as it seeks to contribute
aggressively to Iraq's early recovery and development. 
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 for 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 www.mhi.co.jp. 
Contact: 
Mitsubishi Heavy Industries
Hideo Ikuno
h.ikuno@daiya-pr.co.jp
+81-3-6716-5277 
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