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

14 January 2015
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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%.

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