Mitsubishi Hitachi Power Systems received a full-turnkey EPC order from a Gulf Energy and Mitsui joint venture for a 5,300MW natural-gas combined-cycle plant near Bangkok, with a long-term service agreement, announced on 9 February 2018.
BEMAC Corporation, with Mitsui & Co., signed a share purchase agreement to acquire 100% of The Switch Engineering Oy and its group from Yaskawa Europe Holding. The Vaasa, Finland maker produces permanent magnet machines, DC distribution solutions, high-power AC drives and high-speed induction motors. The price was not disclosed.
Celanese and Mitsui & Co. signed a definitive agreement to form Nutrinova, a food ingredients joint venture. Mitsui will acquire a 70 percent stake for $472.5 million, while Celanese keeps 30 percent. Closing is expected in the second half of 2023, pending regulatory approvals.