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Mitsubishi Heavy targets higher sales

June 4 - According to a report on www.tradingmarkets.com Mitsubishi Heavy Industries Ltd is aiming to boost sales in the energy and environment fields to Yen3 trillion (USD31.19 billion) as early as fiscal 2012, up from the 2 trillion yen targeted for fis

The report says that the comprehensive heavy-machinery firm, which positions those fields as its priority business areas, intends to tap growing investments worldwide to cut carbon dioxide emissions, adding that by product, Mitsubishi Heavy plans to focus on gas turbines for power utilities, nuclear-power-related equipment and wind turbines.

By introducing highly efficient new products and bolstering its production capacity, the company aims to lift its global share in the large-gas-turbine market from the current 23% to 300y 2012.

It also plans to double sales of nuclear power equipment to 600 billion yen in 10 years by promoting its proprietary large reactor, as well as a midsize reactor to be co-developed with Areva of France.

Since the establishment in April 2008 of a section to oversee business strategies in the energy and environment fields, Mitsubishi Heavy has been working to integrate products from different sections to supply not just components, but also complete energy- and environment-related systems.

The July/August edition of HLPFI will include a comprehensive review of the renewable energy sector and the opportunities for companies involved in providing heavy lift freight, transport and logistics services to turbine manufacturers and wind farm developers, both on and offshore. Contact us now for editorial and advertising opportunities.

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