MHI Establishes MHI Australia Pty Ltd in Sydney as Japanese Sub Visits

It is interesting that while a Japanese Soryu submarine is visiting Sydney the Japanese submarine bid leader MHI has established MHI Australia Pty Ltd. in Sydney. Note reference to "Future Submarine" in Media Release below.

Whether the Media Release:

-  reflects Japan has won the CEP, or 

-  is an offsets sweetener for a decision in favour of Japan

is unknown. 

The Media Release carried by Business Wire, April 14, 2016 at http://www.businesswire.com/news/home/20160414006763/en/MHI-Extends-AustraliaOceania-Reach-Establishing-MHI-Australia . Here is a portion:

"TOKYO--(BUSINESS WIRE)--Mitsubishi Heavy Industries, Ltd. (MHI) (TOKYO:7011) launched operations at MHI Australia, Pty. Ltd. in Sydney. Creation of the new entity has two overriding ambitions: 1) to strengthen ties with Australia’s governmental institutions and economic and industrial sectors, and 2) to serve as a base for developing relationships with Australia’s academic bodies, including universities and research institutes. MHI Australia will help drive proactive sales support as well as broad information gathering to reinforce MHI’s business structure in the Australia/Oceania region as well...

… Upon inauguration of its new strategic entity in Australia, MHI President and CEO Shunichi Miyanaga commented: “Over the years, starting with delivery of a steam turbine for a power generation plant in Collinsville, a town in the suburbs of Townsville, Queensland in 1969, the MHI Group has supplied numerous thermal power generation systems, compressors, and metals machinery to Australia, helping contribute to Australia’s rapid development. Today, together with the Japanese Government, MHI is participating in the process to pick a partner for Australia’s Future Submarine program. With the establishment of MHI Australia, we hope to integrate the MHI Group’s full technological strengths and experience in large-scale project management across a wide spectrum of business areas. Working in lock step with the advanced initiatives being taken in Australia’s industrial and academic sectors, we will bring new waves of innovation in diverse Australian industries, so that we may grow and prosper together.”..."

See FULL MEDIA RELEASE AND CONTACT DETAILS AT BUSINESS WIRE.

Pete