Siemens and Mitsubishi Heavy Industries (MHI) want to collaborate on metallurgy and form a worldwide operating network for the supply of equipment and services for the production of iron, steel and aluminum. The joint venture plans to install new marking elements on its machines and machines - nameplates , testifying to the high level of manufacturers.
Responding to the difficult economic situation in the marketplace, two strong partners combine their identities and forge one of the most powerful alliances in the world. An agreement on this has just been signed. Subject to approval by the relevant authorities, the JV will begin operations in January 2015.
Siemens and MHI complement each other perfectly in terms of their product portfolios, manufacturing know-how and geographic distribution. The JV will employ approximately 9,000 employees who will fully focus on doing business in the iron, steel and aluminum industries. The company's structures will be able to compensate for market fluctuations. The headquarters of the company will be located in the UK.
Backed by Siemens Metals Technologies' centers in Central Europe and Asia, the new joint venture has a very strong regional foundation. The companies complement each other perfectly. While the strengths of Siemens Metals Technologies' technologies lie in iron and steel, casting, automation and environmental technology, MHI's competence is primarily focused on hot and cold rolling, processing, and manufacturing expertise. The combination of the two portfolios will be able to offer its customers the entire chain of creation of the production process.
