Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Mitsubishi Heavy Industries, Ltd.    7011   JP3900000005

MITSUBISHI HEAVY INDUSTRIES, LTD.

(7011)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Mitsubishi Heavy Industries : MHI -AC&R to Add 80HP Model to Lineup of "C-puzzle" Refrigeration Condensing Units that Use Natural Refrigerant (CO2)

12/01/2020 | 10:12pm EST

TOKYO, Dec 2, 2020 - (JCN Newswire) - - Mitsubishi Heavy Industries Air-Conditioning and Refrigeration Corporation (MHI-AC&R), a Group company of Mitsubishi Heavy Industries, Ltd. (MHI), has developed a large-capacity 80 horsepower (HP) model to add to its series of "C-puzzle" fluorocarbon-free commercial refrigeration condensing units that use R744, a natural refrigerant of carbon dioxide (CO2). The new model responds to increasing demand for larger-capacity refrigeration system that use natural refrigerants, especially for food refrigeration applications such as cold storage facilities. The new 80HP model C-puzzle realizes environmental load reduction initiatives through energy saving and using the natural refrigerant. It is scheduled to go on sale in the domestic market in summer 2021.

The 80HP model C-puzzle will complement the 10HP model (HCCV1001) and 20HP model (HCCV2001M) launched since 2017 and the 40HP model added to the C-puzzle series in 2020. Introduction of the 80HP model will not only respond to rising demand for larger-capacity refrigeration systems, but also expand the range of applications beyond refrigerated storage to further include food freezing and ice making.

As with earlier models in the C-puzzle series, the new 80HP model is equipped with a proprietary two-stage compressor integrating a scroll compressor and a rotary compressor developed and manufactured by MHI Thermal Systems(1). The scroll compressor delivers superlative efficiency under heavy loads, while the rotary compressor offers outstanding efficiency with lighter loads. Together, they result in higher efficiency and noise reduction through the entire operating range. In addition, integrated compact design of the gas cooler and the compressor unit helps to reduce plumbing, thus making the new unit suitable to diverse locations.

The refrigerant used in the C-puzzle is R744, a natural refrigerant of carbon dioxide (CO2) and an ozone depletion potential (ODP) of its refrigerant is zero and global warming potential (GWP) is only 1. As a result, the environmental impact is very low, making a significant contribution to the prevention of global warning. In Japan, low-GWP refrigeration systems are mandated under the Act on Rational Use and Proper Management of Fluorocarbons enacted in April 2015. Globally, with effectuation in January 2019 of the Kigali Amendment to the Montreal Protocol on Substances that Deplete the Ozone Layer(2), coupled with enactment of the Revised Ozone Layer Protection Law, phasing down of production and usage of hydrofluorocarbons (HFCs) is now mandatory, part of intensifying moves to prevent climate change.

Today the adoption of natural refrigerants in the refrigeration and food freezing markets lags at around 30%, and in response moves are accelerating toward adopting natural refrigerants in the domestic market for low-temperature systems. Business expansion is anticipated from growing demand for use not only in new systems but also for upgrades of existing units currently using fluorocarbon refrigerants.

Going forward, MHI-AC&R will continue to focus on expanding and improving its offerings of energy saving products that use low-GWP refrigerants, as its way of promoting adoption of natural refrigerants in the refrigeration market and thereby contributing to protection of the global environment.

(1) MHI Thermal Systems' two-stage compressor adopts the world's first technologies (patented) enabling outstanding efficiency even with high-pressure refrigerants.

(2) Formally known as the "Act on Rational Use and Proper Management of Fluorocarbons," this is a totally revised update, carried out in April 2015, to the original Fluorocarbons Recovery and Destruction Law enacted in 2001. Under this new legislation, commercial refrigeration condensing units and stationary refrigeration units with a refrigeration capacity exceeding 1.5 kilowatt (kW) (approx. 2HP) are required by 2025 to adopt refrigerants with a GWP below 1500 (CO2=1).

Copyright 2020 JCN Newswire . All rights reserved.

© Japan Corporate News, source JCN Press Releases

All news about MITSUBISHI HEAVY INDUSTRIES, LTD.
01/25MITSUBISHI HEAVY INDUSTRIES : MHIEC Receives Order from Kagoshima City to Refurb..
AQ
01/22MITSUBISHI HEAVY INDUSTRIES : Shell, Mitsubishi Heavy Industries, Vattenfall and..
AQ
01/22Hamburg plans green hydrogen plant with Shell, Mitsubishi, Vattenfall
RE
01/22ROYAL DUTCH SHELL : Vattenfall, Shell, Mitsubishi Plan 100MW Green Hydrogen Faci..
MT
01/22Hamburg eyes 100 MW green hydrogen project with Shell, Mitsubishi, Vattenfall
RE
01/22MITSUBISHI HEAVY INDUSTRIES : Shell, Vattenfall and Wärme Hamburg sign Letter of..
AQ
01/20Mitsubishi Gas Chemical Company (MGC), Mitsubishi Corporation (MC) and Mitsub..
AQ
01/14VESTAS WIND A/S : Cuts 220 Jobs Amid Integration of MHI Offshore Wind
DJ
01/14VESTAS WIND A/S : Wind turbine maker Vestas to cut 220 jobs in Denmark and UK
RE
01/07MITSUBISHI HEAVY INDUSTRIES : MHI Thermal Systems Receives 2020 "Agency for Natu..
AQ
More news
Financials
Sales 2021 3 685 B 35 391 M 35 391 M
Net income 2021 15 089 M 145 M 145 M
Net Debt 2021 1 330 B 12 775 M 12 775 M
P/E ratio 2021 51,4x
Yield 2021 2,40%
Capitalization 1 051 B 10 104 M 10 099 M
EV / Sales 2021 0,65x
EV / Sales 2022 0,62x
Nbr of Employees 81 631
Free-Float 91,4%
Chart MITSUBISHI HEAVY INDUSTRIES, LTD.
Duration : Period :
Mitsubishi Heavy Industries, Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MITSUBISHI HEAVY INDUSTRIES, LTD.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 10
Average target price 2 946,00 JPY
Last Close Price 3 129,00 JPY
Spread / Highest target 14,4%
Spread / Average Target -5,85%
Spread / Lowest Target -16,9%
EPS Revisions
Managers and Directors
NameTitle
Seiji Izumisawa President, CEO, Director & Chief Strategy Officer
Shunichi Miyanaga Chairman
Hisato Kozawa CFO, Representative Director & Executive Officer
Michisuke Nayama Chief Technology Officer & Executive VP
Eisaku Ito CTO, Executive Officer & GM-ICT Solutions
Sector and Competitors
1st jan.Capitalization (M$)
MITSUBISHI HEAVY INDUSTRIES, LTD.0.06%10 084
HONEYWELL INTERNATIONAL INC.-5.47%141 081
SIEMENS AG11.18%126 996
3M COMPANY0.66%101 655
GENERAL ELECTRIC COMPANY4.54%98 899
ILLINOIS TOOL WORKS INC.-2.05%63 212