[Japan] Mitsubishi Hitachi Power Systems Established a New Company in the Philippines to Expand its Business Opportunities

Mitsubishi Hitachi Power Systems (MHPS) announced on June 24, 2019, that it had established “MHPS (Philippines) Plant Services Corporation (MHPS-PSC)” in the Philippines. Since MHPS already had a local boiler manufacturing factory in the Philippines, the launch of the MHPS-PSC aims to expand the company’s local business opportunities by providing services for thermal power plants.

MHPS has a lot of past experience with receiving orders and supplying equipment for thermal and geothermal generation facilities in the Philippines. There has been increasing local demand for the modernization of power plants and the associated efficiency improvements, due to the increased electricity demand as a result of economic growth. Accordingly, the MHPS established the MHPS-PSC in order to secure future opportunities to expand its business operations.

MHPS-PSC’s local parent company, MHPS-PLH, set up a head office and a boiler factory in Batangas City in southern Luzon, and the new head office of MHPS-PSC was established at a MHPS-PLH’s property. The MHPS-PSC began operating with about 50 employees, exploring business opportunities throughout the entire nation. Meanwhile, MHPS-PLH will assist MHPS-PSC by providing manufacturing and maintenance services from its own boiler factory. The two companies will work together on increasing their market share in Southeast Asia, taking fully advantages of synergistic effects.

Source: https://www.mhps.com/jp/news/20190624.html...