Tokyo, June 12, 2012 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) and Mitsubishi Corporation (MC) will hold a joint exhibition introducing their diverse business operations and products at the Japan Pavilion, a side event of Rio+20, the United Nations Conference on Sustainable Development(1) getting under way in Rio de Janeiro, Brazil, on June 20. The Japan Pavilion has been created as a venue for displays by all sectors of Japan, including both the national and regional governments as well as members of the business community. During the pavilion's scheduled opening from June 13 to 24, the Brazilian Government is projecting the number of visitors to the pavilion will reach approximately 50,000, including VIPs from around the world. More than 20 business enterprises will exhibit at the pavilion. MHI and MC's joint concept will be "realization of a low-carbon society through the creation of smart communities." Both companies will introduce a wide range of their business operations and products(2). In business relating to energy and the environment, using panel displays and video presentations MHI will introduce its gas turbine combined cycle (GTCC) systems, "J-series" gas turbines, integrated (coal) gasification combined cycle (IGCC) technologies, offshore wind turbines, geothermal generators, carbon dioxide (CO2) capture systems, and floating production storage & offloading (FPSO) units for liquefied natural gas (LNG). In business relating to transportation systems, the company will show its next-generation intelligent transport systems, the Mitsubishi Regional Jet (MRJ) and the H-IIA/H-IIB rockets. MC too will introduce various aspects of its business operations focused on the environment, including such areas as smart communities, water, solar power and emissions reduction. In addition to using panel displays and video presentations, MC will present introductory lectures. It will also show panels describing the company's activities in corporate social responsibility (CSR). An actual i-MiEV, Mitsubishi Motor Corporation's (MMC) new-generation electric vehicle, will also be on display and show the new lifestyle to be provided by electric vehicles. Between June 13 and 19 and again on June 23 and 24, the Japan Pavilion will be open to the general public. MHI and MC look forward to the occasion as a prime opportunity to enable the people of Brazil to become more familiar with the two companies. Going forward, MHI and MC will continue to pursue a wide array of business operations aimed at making significant contributions to the realization of a low-carbon society, with their scope of activities to encompass all areas - land, sea, air and space.
(1) The theme of Rio+20 is the achievement of a green economy. The conference marks the 20th anniversary since the Global Summit convened in Rio de Janeiro in 1992. This year's discussions will focus on the global economy, global society and the environment in the next 10 years. Leaders of some 120 nations are expected to attend the event during its three-day run (June 20-22). (2) Brazil has the largest economy among all countries in South America, and today, as one of the "BRICs" it continues to mark stable growth.MHI has enjoyed a productive relationship with Brazil tracing back many years. Nearly a half-century ago, in 1963 the company established a boiler manufacturer, CBC Industrias Pesadas S.A., in the country. In 2005, MHI founded a dedicated sales unit, Mitsubishi Industrias Pesadas do Brasil Ltda., which is now undertaking an expanding scope of business.MC established its office in 1955 and developed various businesses and contributed to the local economy. Furthermore, in the Midterm Corporate Strategy 2012, MC has designated Brazil as one of the company's most strategically vital regions to enhance its business contribution in the country.
About Mitsubishi Corporation
Mitsubishi Corporation (MC; TSE: 8058) is a global integrated business enterprise that develops and operates businesses across virtually every industry including industrial finance, energy, metals, machinery, chemicals, foods, and environmental business. MC's current activities are expanding far beyond its traditional trading operations as its diverse business ranges from natural resources development to investment in retail business, infrastructure, financial products and manufacturing of industrial goods. With over 200 bases of operations in approximately 80 countries worldwide and a network of over 500 group companies, MC employs a multinational workforce of nearly 60,000 people. For more information, please visit www.mitsubishicorp.com.
About Mitsubishi Heavy Industries
Mitsubishi Heavy Industries, Ltd. (TSE: 7011, 'MHI'), headquartered in Tokyo, Japan, is one of the world's leading heavy machinery manufacturers, with consolidated sales of 2,903.7 billion yen in fiscal 2010, the year ended March 31, 2011. 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.
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