Mitsubishi Heavy : France's Hollande to raise Alstom's case with key ministers
June 11, 2014 at 01:09 pm
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PARIS (Reuters) - French President Francois Hollande has convened a meeting with his prime minister and economy minister on Thursday over the fate of French industrial group Alstom, an official in his office said.
The announcement comes after German conglomerate Siemens said it was teaming up with Mitsubishi Heavy Industries for a possible joint bid for parts of Alstom.
The presidency official said that Hollande wanted an update on Alstom's case but at this point did not have a preference for a possible bidder for Alstom's energy assets, which US group General Electric has also proposed buying.
(Reporting by Julien Ponthus; writing by Leigh Thomas; editing by John Irish)
Mitsubishi Heavy Industries, Ltd. is a diversified group organized around 4 business segments:
- manufacturing of systems and components for energy production units (42.6% of net sales): offshore wind turbines, pumps, turbochargers, reactors, compressors, aero-engines, gas turbines, nuclear power generators, etc.;
- shipbuilding and industrial construction (41.1%): construction of ships, land transport systems, machinery and industrial installations, environmental systems (industrial wastewater treatment systems, air pollution control units, marine pollution prevention systems, waste incinerators, etc.), handling equipment, machine tools, air conditioning and refrigeration systems, toll systems, etc.;
- construction of avionics, defence and aerospace systems (15.7%);
- other (0.3%).
Net sales are distributed geographically as follows: Japan (48.9%), Asia (17.4%), the United States (14.8%), Europe (9.4%), Middle East (2.9%), Central and South America (2.8%), Africa (1.3%) and other (2.5%).
MITSUBISHI HEAVY INDUSTRIES, LTD. 
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