Mitsubishi Heavy Industries Establishes Egyptian Subsidiary
By pdamon25 July 2016
Mitsubishi Heavy Industries Ltd. (MHI) has established an Egyptian subsidiary, MHI Technologies S.A.E (MHI Egypt), in New Cairo, Egypt. The subsidiary was created for new business development and to work with Egyptian companies to quickly and accurately meet the needs of the rapidly growing demand of Egypt’s infrastructure and industrial base, MHI said.
MHI Egypt was established through investment from MHI; Mitsubishi Heavy Industries France S.A.S., which oversees Europe, the Middle East and African regions; and Mitsubishi Heavy Industries Europe Ltd.
Going forward, MHI said it would make contact with the customers and markets of Egypt and Africa through MHI Egypt and continue to carry out business activities that contribute to the economic and industrial development of the region.