INTERVIEW: Mitsubishi Heavy to Downscale Coal Power Biz
Tokyo, March 18 (Jiji Press)--Mitsubishi Heavy Industries Ltd. <7011> plans to cut back its coal power generation-related business while beefing up operations in growth fields, such as logistics and air conditioning, Seiji Izumisawa, the Japanese heavy machinery maker's incoming president, said in a recent interview.
The current Mitsubishi Heavy executive vice president, set to take the helm of the company on April 1, said demand for coal-based power generation is projected to go down due to a global shift to energy sources that emit less greenhouse gasses.
(2019/03/18-17:15)
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