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 In the Machinery Group, we handle a wide array of equipment, including plants that produce essential industrial materials; transportation and distribution equipment; space and aircraft equipment; and general industrial equipment. Through our participation in these industries, as well as our involvement in real estate projects and comprehensive regional development, we are working to expand our role across various value chains. |
We handle a wide range of machinery including equipment for large plants that produce essential components for industry, such as electricity, natural gas, petroleum, chemicals and steel. We also deal in transportation and distribution equipment, including ships, trains, automobiles, and elevators, as well as equipment and parts for the space and defense industries. We handle general industrial equipment, such as construction machinery, machine tools, agricultural machinery, and food machinery. We also work to achieve comprehensive regional development, including building and leasing a variety of real estate ranging from office buildings to commercial facilities and residential buildings.
We are looking to broaden our participation across value chains, expanding from machinery sales into such as areas as finance, logistics and business investment. We do this by leveraging our accumulated strengths?the expert knowledge we possess in various fields, as well as our credibility, extensive network and established commercial rights. For instance, in South East Asia, we have progressively augmented the scope of our ASEAN automobile business, expanding from production and sales to include logistics, after-sales service, IT, and financing, and today, automobiles produced in this region are being exported to countries all over the world. We are also strengthening our finance business by utilizing the expertise we have acquired in our automobile, plant, ship and aircraft related businesses.
During the "step" and "jump" periods of INNOVATION 2007, Mitsubishi Corporation's medium-term management plan, the Machinery Group will steadily move forward to strengthen its core business.
One of the strengths of the Machinery Group is creating new business models by refining functions in value chains. In this context, we are actively fostering business in such areas as on-site power generation; floating production, storage and offloading (FPSO) vessel and floating storage and offloading (FSO) vessel projects; and emission credit trading. Working with the New Business Initiative Group and other Business Groups, we are also looking to develop new finance business models. During the "hop" period we nurtured new growth potential. In the "step" period, we will continue to enlarge this potential with the aim of creating new core businesses during the "jump" period. In tandem with this new growth focus, we will expand and strengthen existing core businesses. Together, this approach will ensure that we have a stable earnings base, one that is immune to trends in prices of natural resources.
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