TOKYO (May 22)—Mitsubishi Heavy Industries Ltd. is moving its tire machinery operations to Hiroshima, Japan, from its current base in Nagasaki, under a two-year plan to improve efficiency of the unit, a company spokesman has confirmed. Mitsubishi Heavy's annual tire machinery orders have fallen by more than 50 percent in recent years to $50 million, according to a Nikkei report, which the spokesman described as "basically correct." At Hiroshima, tire equipment production—building machines and presses, primarily—will be run alongside the company's food processing and packaging machinery operations. Through the integration, the company aims to raise sales across the three businesses by 50 percent, according to the report. The relocation is part of a wider reorganization at MHI, in response to what the engineering company describes as "fierce domestic and overseas competition" in many of its markets.
Mitsubishi Heavy Industries to move tire machinery operations
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