MHPS Establishes New Company in the Philippines Specialized in the Service Business -- New Company Will Focus on Maintenance and Renovation of Existing Power Generation Facilities and Expand Business in the Country --
･ Utilization of the local boiler manufacturing to provide a competitive advantage in the market
YOKOHAMA, JAPAN (June 24, 2019) - Mitsubishi Hitachi Power Systems, Ltd. (MHPS) has established MHPS-(Philippines) Plant Services Corporation , a new company created to provide services for thermal power generation facilities in the Philippines. Established on June 22, 2019, the regional-based service company will enhance MHPS to deeply cultivate the Philippine market. MHPS already has a competitively advantageous structure including a local boiler manufacturing facility.
MHPS (Philippines) Inc., which provided the investment, has its head office and factory in the city of Batangas in southern Luzon. The head office of MHPS-PCS was located in the MHPS (Philippines) compound. An opening ceremony, attended by MHPS President Ken Kawai and around 150 other representatives was held on June 22, and included a tree planting ceremony.
MHPS has received numerous contracts in the Philippines and provided equipment for both thermal and geothermal generation facilities. Electricity demand is rising in the country in line with economic growth. This is driving the need for modernization of facilities, expanded capacity, and expanding opportunities for promising service business projects. The establishment of MHPS-(Philippines) Plant Services Corporation is a response to this trend.
MHPS-(Philippines) Plant Services Corporation begins operations with around 50 employees, identifying business opportunities in the Philippine market. In addition, MHPS (Philippines) will support MHPS-(Philippines) Plant Services Corporation by providing manufacturing and maintenance functions at its boiler factory, while focusing on service projects outside the Philippines.
MHPS will work closely with both companies while fully supporting their business activities.