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Mitsubishi Heavy Industries

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Mitsubishi Heavy Industries (MHI) is sailing more or less smoothly through Japan’s rough economic seas. MHI, a member of the Mitsubishi “keiretsu”, manufactures machinery and equipment ranging from forklifts to air conditioners. It also builds water and waste-treatment plants and steel factories. Machinery and construction together account for over 45% of MHI’s sales. The company also builds nuclear power plants (about 25% of sales); makes aircraft, missiles, and space systems (16% of sales); and builds cruise ships, freighters, tankers, and offshore marine structures. MHI operates globally; Japan accounts for nearly 90% of its sales.

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