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| March 3, 2005 No.1049 | ||
| MHI Signs Agreement with Solar Turbines Incorporated of the U.S. For Gas Turbine-Driven Compressors |
| Tokyo, March 3, 2005 - Mitsubishi Heavy Industries, Ltd. (MHI) has signed a cooperative agreement with Solar Turbines Incorporated of the U.S. relating to centrifugal compressors. Under the agreement, MHI will supply its "MAC (Mitsubishi Advanced Compressor)" centrifugal compressors to Solar Turbines and Solar Turbines will offer packages coupling the compressors with its own gas turbines. Initially the agreement is to apply to MHI's standard-design MAC compressors that match to Solar Turbines' gas turbines with power outputs ranging between 8 MW (megawatt) and 15 MW (models Mars 90, Mars 100 and Titan 130). Mitsubishi Corporation, acting in the role of trading company, will cooperate in the application and sales of these products. |
Solar Turbines, headquartered in San Diego, California, is a subsidiary of Caterpillar Inc., and is the world's leading manufacturer of industrial gas turbines in the 1 to 15 MW range for the oil and gas industry and for power generation applications. The company has a strong sales network in the global market for gas turbines and has more than 10,000 units installed in some 80 countries. MHI currently enjoys a near 25% share of the market for centrifugal compressors used in petrochemical plants (ethylene, fertilizers, methanol, etc.) and oil refineries. The company boasts world-class quality and a proven record across a broad spectrum, including natural gas separation, transportation and liquefaction. The new cooperative agreement with Solar Turbines will enable MHI to boost its centrifugal compressor sales especially for natural gas-related facilities. In turn, by incorporating MHI compressors into its products Solar Turbines will achieve expansion of its lineup of packaged compressors, enabling new business opportunities. # # #
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 2,373 billion yen in fiscal 2003 (year ended March 31, 2004). MHI's diverse lineup of products and services encompasses shipbuilding, steel structures, power plants, chemical plants, steel plants, environmental equipment, industrial and general machinery, aircraft, space rocketry and air-conditioning systems. For more information, please visit the MHI website (http://www.mhi.co.jp). PRESS CONTACT: Hideo Ikuno: h.ikuno@daiya-pr.co.jp Tel: +813-6716-5277, Fax: +813-6716-5929 Daiya PR (in charge of public relations for Mitsubishi Heavy Industries, Ltd.) |
