Siemens and Mitsubishi form JV

Mitsubishi Heavy Industries (MHI) and Siemens have formed a new joint venture called Primetals Technologies, which is headquartered in London, UK. Primetals will be a complete, global provider for plants, products and services for the iron ore, steel and aluminium industry

Siemens and Mitsubishi form JV Siemens and Mitsubishi form JV Siemens and Mitsubishi form JV Siemens and Mitsubishi form JV Siemens and Mitsubishi form JV

Mitsubishi-Hitachi Metals Machinery, an MHI consolidated group company with equity participation by Hitachi and IHI Corp holds a 51% stake in the joint venture and Siemens 49%.