Japan's largest defense contractor with space launch and energy systems
Toss, operated by Viva Republica, is a comprehensive financial super app that has fundamentally reshaped South Korea's digital finance landscape. The platform offers an extensive suite of services, including seamless peer-to-peer payments, digital banking through Toss Bank, and investment and insurance products, consolidating a user's entire financial life into a single mobile experience. As one of South Korea's most valuable fintech unicorns, Toss commands a significant market share with over 24 million monthly active users, challenging both traditional banks and other digital players. The company is pursuing an aggressive growth strategy, with plans for a US stock market listing and a strategic pivot towards 'Money 3.0,' leveraging blockchain for future financial services.
Tracking Toss provides crucial intelligence on the evolution of all-in-one financial platforms and their potential to disrupt incumbent banking systems in a major Asian market. Its aggressive expansion, upcoming US IPO, and pioneering moves into blockchain-based finance offer leading indicators of future fintech trends and competitive dynamics.
Launch of 'DIAVAULT,' a secure, high-performance edge data center platform.
MHI Unveils 'DIAVAULT,' a Secure, High-Performance Edge Data Center Platform
First shipment of systems for marine ammonia-fueled engines, including fuel supply and gas abatement.
Mitsubishi Shipbuilding Ships First Units of Systems for Marine Ammonia-Fueled Engines
Establishment of a new local subsidiary in India by MHI Thermal Systems, commencing operations.
MHI Thermal Systems Establishes Local Subsidiary in India and Starts Operations
Successful startup of the world's largest steam-producing heat pump by Turboden.
Turboden Successfully Starts Up World's Largest Steam-Producing Heat Pump
MHI Compressor acquires AST Turbo AG to bolster global field service capabilities for rotating equipment.
Mitsubishi Heavy Industries Compressor Acquires Swiss Rotating Equipment Maintenance Company AST Turbo AG
MHI to Launch 10MW Centrifugal Chiller for North American AI Data Centers
Mitsubishi Heavy Industries (MHI) announced the upcoming introduction of a 10MW-class centrifugal chiller specifically designed for next-generation AI data centers in North America. This new product aims to meet the increasing cooling demands of high-density computing environments, supporting the expansion of AI infrastructure.
Primetals Technologies Upgrades Electric Arc Furnace for Çolakoğlu Metalurji
Primetals Technologies, a subsidiary of Mitsubishi Heavy Industries, has successfully upgraded an electric arc furnace (EAF) for Çolakoğlu Metalurji. This upgrade is part of a larger project to enhance the steel producer's operational efficiency and environmental performance. The modernization is expected to improve energy consumption and reduce emissions, contributing to more sustainable steel manufacturing processes.
Primetals Technologies Partners with SAIL IISCO for Greenfield Expansion
Primetals Technologies has entered into a partnership with SAIL IISCO for a major greenfield expansion project. This collaboration will involve the supply and installation of advanced steelmaking equipment. The project aims to establish a new, state-of-the-art production facility, enhancing SAIL IISCO's capacity and technological capabilities in the steel industry.
MHI and SoftBank Corp. Collaborate on AI-RAN for Edge Data Centers
Mitsubishi Heavy Industries and SoftBank Corp. are collaborating to adapt AI-RAN (AI-Radio Access Network) architecture for edge data centers. This partnership includes on-premises edge AI application demonstrations using MHI's 'AITRAS' system, aiming to accelerate the deployment of AI services at the network edge for enhanced efficiency and responsiveness.
Mitsubishi Heavy Industries Compressor Acquires Swiss Rotating Equipment Maintenance Company AST Turbo AG
Mitsubishi Heavy Industries Compressor Corporation has acquired AST Turbo AG, a Swiss company specializing in the maintenance of rotating equipment. This acquisition is aimed at strengthening MHI Compressor's global field service capabilities, particularly for its turbomachinery products. The move is expected to enhance customer support and service offerings in international markets, ensuring greater operational reliability for clients.
MHI Compressor Acquires Swiss Rotating Equipment Firm AST Turbo AG
Mitsubishi Heavy Industries Compressor has acquired AST Turbo AG, a Swiss company specializing in rotating equipment maintenance. This strategic move aims to bolster MHI Compressor's global field service capabilities, particularly in international markets. The acquisition is expected to enhance MHI's ability to provide comprehensive support and maintenance solutions for its compressor products worldwide, ensuring greater operational reliability for its customers.
Mitsubishi Heavy Industries Compressor Acquires AST Turbo AG
Mitsubishi Heavy Industries Compressor Corporation has acquired AST Turbo AG, a Swiss company specializing in the maintenance of rotating equipment. This acquisition aims to strengthen MHI Compressor's world-class field service capabilities in international markets, enhancing its ability to provide comprehensive support for its products globally.
MHI Compressor Acquires AST Turbo AG for Field Service Expansion
Mitsubishi Heavy Industries Compressor Corporation has acquired AST Turbo AG, a Swiss company specializing in rotating equipment maintenance. This strategic acquisition aims to significantly strengthen MHI's global field service capabilities, particularly for compressors and turbines, enhancing its ability to provide comprehensive support and maintenance services to international clients.
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