Considering the current business trend, Fuji Heavy Industries Ltd. (FHI) has announced the revision of performance projection and the forecasted dividend for the fiscal year ending March 2010 which was released at the timing of consolidated financial results announcement on November 2, 2009.

1. Revised projection figures for the fiscal year ending March 2010 (April 1, 2009 to March 31, 2010)

(1) Details of revision

(Unit: million yen)

(1) Details of revision

Dynapac organizes a day of information and training for all employees at seven manufacturing units world wide. The day starts in China and follows the sun to India, Europe, South America and ends in USA. The day consists of lectures around sustainable development and production, environmental trainings and workshops on corporate responsibility.

“I believe it is a quite unique activity we are organizing today” says Claes Ahrengart, President of Atlas Copco Road Construction Equipment division. “During one day, we secure that all employees at our manufacturing sites are trained and informed about sustainability targets and the scope of our sustainability work. This is also a perfect opportunity to discuss how to further improve and initiate new activities. We aim to minimize environmental impact, reduce waste and create long term value for customers, employees and the society”.

Dynapac´s manufacturing unit in Tianjin, China is the starting point, followed by factories in Nasik India, Karlskrona Sweden, Wardenburg & Lingen Germany, Sorocaba Brazil and finally Garland, USA.

Source: http://www.dynapac.com/en/NewsEvents/News/Dynapac-Global-Sustainability-Day/

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Mitsubishi Heavy Industries, Ltd. (MHI) has reached an agreement with Pebble Bed Modular Reactor (Pty) Ltd (PBMR Pty) of the Republic of South Africa to study the area of collaboration in the development of the “Pebble Bed Modular Reactor” (PBMR). A memorandum of agreement (MOU) was signed on February 3. Based on the MOU, MHI will initially study the area for possible collaboration in the design of 200 MWt (megawatts thermal) plant, which PBMR Pty is currently developing. Going forward, the two companies will also probe further collaboration, including construction of plants and market exploration. With the newly concluded MOU, PBMR development will now move forward toward commercialization of a small size reactor achieving both outstanding safety and economy.

The 200 MWt plant consists of a 200 MWt PBMR and a steam generator that provides hot steam at 750°C (1,382°F). The plant uses silicon carbide-coated uranium particles encased in graphite for the fuel spheres and helium as the coolant, making it free from risk of reactor core meltdown. The PBMR requires relatively low initial investment and is considered to be well suited to applications in areas lacking a fully developed power transmission grid. A number of potential customers, including, Sasol, a major South African chemical company, have been studying the introduction of the plant, which is targeted to begin operation in approximately year 2020.

Specifically, when collaboration area has been agreed, MHI will conduct part of the research & development activities for the 200 MWt plant design. In the future, further collaboration possibilities will be probed, including construction of the 200 MWt plant and exploring market potential for the PBMR.

PBMR (Pty) Ltd is a nuclear power engineering company established in 1999 to oversee the PBMR development project. MHI has been in a close relationship with PBMR Pty since its initial participation in the development project in 2001.

The new MOU was concluded based on PBMR Pty’s high evaluation of MHI’s solid record in design and production capability as well as its record of punctual deliveries and vast experience in the nuclear field. Buoyed by the MOU signing, MHI aims to further strengthen its cooperative relationship with PBMR (Pty) and to engage ever more vigorously in the PBMR’s R&D activities and efforts toward its commercialization.

Source: http://www.mhi.co.jp/en/news/story/1002041355.html

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Kobe Steel, Ltd. announces that at the Board of Directors meeting held today, February 3, 2010, it reached a decision to pay a dividend for fiscal 2009.

1. Reasons for the Revision
   Based on a policy of maintaining stable dividends, Kobe Steel, Ltd. has decided to pay an end-of-fiscal-year dividend of 1.5 yen per share taking into consideration its financial condition, business performance and future capital needs.
2. Revision of dividend Forecast
   

Source: http://www.kobelco.co.jp/ICSFiles/afieldfile/2010/02/03/1_DividendForecast100203.pdf

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Kawasaki Heavy Industries, Ltd. announced today that it has constructed and started operating the Kobe Power Center, an in-house power generation system driven by the Kawasaki Green Gas Engine, at the Kawasaki Kobe Works.

The in-house power generation system is equipped with the KG-12, a 12-cylinder, 5,000 kW Kawasaki Green Gas Engine. Implementing the system enables Kawasaki to build on its operational know-how of in-house power generation and enhance its ability to offer related solutions covering everything from installation to operation and support services. The new in-house power generation system driven by Kawasaki’s Green Gas Engine will serve as a model of superior performance. Kawasaki can use the system to simulate its customers’ power plant operations and provide them with optimal energy solutions. All electricity generated by the in-house power generation system is used by the Kobe Works. Boasting a world record-breaking fuel-to-electricity efficiency rate, the Kawasaki Green Gas Engine is sure to cut energy costs.

Kawasaki’s cutting-edge Green Gas Engine has a proven track record of cost efficiency and environmental performance underscored by a record-breaking electric generation efficiency of 48.5% and the world’s lowest NOx emissions level of less than 200 ppm at 0% O2. The Green Gas Engine beats conventional gas engines in its class by cutting fuel costs by more than 5%. Thanks to its low-NOx emissions, the Kawasaki Green Gas Engine eliminates the need for de-NOx equipment in most areas of Japan. Lightweight and compact, the Kawasaki Green Gas Engine also features an electric spark ignition system that does away with the need for liquid fuel. Once test runs are complete, Kawasaki will connect its in-house power generation system to the grid and enhance the gas engine’s power generation efficiency via networked operations.

While today’s mounting problems related to global warming pose a serious risk to the environment, Kawasaki is meeting the challenge head on with new energy and environment-related technologies that minimize our carbon footprint.

Outline of Kawasaki Green Gas Engine-driven power generation system

Mitsubishi Heavy Industries, Ltd. (MHI) has newly established Mitsubishi Heavy Industries (China) Co., Ltd. (MHIC) in Beijing to serve as a regional headquarters overseeing all company business in China. With the establishment of MHIC, MHI aims to increase new business opportunities in the rapidly growing Chinese market by establishing a structure enabling it to leverage its comprehensive company-wide capabilities. At the same time, with this initiative MHI also looks to further enhance local corporate management and administrative functions and further solidify its base of business operations in China by strengthening managerial support and corporate governance to its group companies.

MHIC, capitalized at US$31 million, is a wholly owned subsidiary of MHI. Kenji Yuasa, formerly MHI’s General Representative in China, has been appointed as General Manager. MHIC initially started with 14 employees, including office staff assigned to a Shanghai branch opening in February.

With MHIC’s head office located in the Chinese capital, where central government offices and the decision-making organizations of the major state-owned companies are concentrated, MHI will further strengthen its company-wide engagement in Chinese business, encompassing its entire business organization. Working closely with respective departments at MHI’s head office in Tokyo, including the Sustainability Energy & Environment Strategic Planning Department, MHIC will effectively gather business information throughout China and increase its business opportunities in large-scale projects, such as urban development, energy and the environment, by offering business models incorporating its comprehensive capabilities. Plans further call for MHIC to set up liaison offices in China’s interior regions, where high economic growth is expected. This move aims to create a structure that will enable prompt acquisition of local information through establishment of the subsidiary’s own information network spanning from the coast to inland.

MHIC’s Shanghai office will mainly engage in corporate management and administrative functions such as accounting, legal affairs, material supplies and general affairs. In addition to providing these services to MHI group companies in China, especially those in the country’s eastern and southern sectors, the office will provide information concerning matters peculiar to China in the areas of legal concerns, tax practices and finance; it will also assist in the creation of a supply chain network and the establishment of new companies in China. In the future, plans call for the office to contribute to the expansion of group companies through managerial support, such as concentrated management of funds, and to secure sound operation throughout the group by enhancing corporate governance.

MHI began its full-fledged entrance into the Chinese market in the 1980’s. By establishing MHIC as a company charged with overseeing all business conducted in China, MHI now expects to further enhance its presence in this country destined to mark sustained high growth, and also looks to continue contributing to the realization of an affluent society in China through its local business activities.

Source: http://www.mhi.co.jp/en/news/story/1001281333.html

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Hitachi, Ltd. (NYSE:HIT / TSE:6501) today announced that in April of this year, it will complete the “G1TOWER,” a research tower that is currently under construction at an elevator R&D and manufacturing base in Hitachinaka City, Ibaraki Prefecture. Measuring 213 meters above ground, this will be the tallest elevator research facility in the world.

Utilizing the unprecedented height of this new research tower, Hitachi will conduct verification tests on the world’s fastest elevator, with a rated speed of 1,080 m/min., as well as product development targeting the world’s largest high-speed, high-capacity elevator, which will be capable of carrying a five-ton load with a rated speed of 600 m/min. In addition to developing vibration suppression control devices and internal air pressure adjustment devices to further improve riding comfort during high-speed operations, the company will undertake development of technologies aimed at reducing the space required for elevator shafts, and reducing the weight of the elevator cars. The total amount being invested in this research tower, including related facilities, is approximately six billion yen.

In recent years, the construction of buildings around the world has been evolving in terms of both height and scale, and the elevator market is expected to expand, especially in China. In the midst of this market environment, there is a growing demand for high-speed, high-capacity elevators that can carry many passengers at once, safely and comfortably, particularly in high-rise office buildings, commercial complexes, and other large-scale facilities. At the same time, it is requested for elevators to be environment-friendly, as part of efforts to prevent global warming.

Up to now, Hitachi has developed and tested elevators using a 90 meter research tower, constructed at 1967 for Kasumigaseki building that was one of the high-rise buildings in those days, located on the same premises as the new tower. In the future, using the new research tower, Hitachi will test products designed for large-scale, high-rise buildings, and will develop technologies for environment-friendly products that offer outstanding user comfort. In the summer of 2010, the company also plans to complete a 172 meter research tower at a production base in Shanghai, which will be the tallest such tower in China*. This new tower will be used to conduct development aimed at expanding Hitachi’s lineup of high-speed elevators for the Chinese market.

Using these new research towers and other cutting-edge elevator research facilities, Hitachi will further refine its elevators to achieve even greater safety, efficiency, and comfort, and to improve upon existing environmental technologies.

The name “G1TOWER” expresses Hitachi’s strong determination to create the world’s number one (Global No. 1) elevator technologies and products.

Source: http://www.hitachi.com/New/cnews/100128a.html

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Kenya is one of the biggest markets for Japanese used vehicles exporters. Kenya is importing thousands of used vehicles, machineries, bikes & parts from Japan every year. All these used vehicles had been sold both to the dealers and direct users, moreover now some Japanese exporters also having their own agents in Kenya to sell their vehicles directly to the customers.

Due to this heavy import of Japanese used vehicles, Kenyan government had started controlling the import of Japanese used vehicles to avoid un-healthy vehicles to Kenya. They set up some rules and regulations, which the importer must follow to import any vehicle from Japan.

Importing rules set up by Kenya Bureau of Standards are as follows:

1. It is mandatory that all used vehicles imported to Kenya must not be more than 8 years old from the first year of registration.
2. All these used vehicles, which is imported to Kenya, must be a right hand drive (RHD) except for some special vehicles like ambulance & fire engines etc.
3. All these imported used vehicles must undergo the inspection done by JEVIC (Japan Export Vehicle Inspection Center) before being shipped to Kenya. JEVIC is a well know company in Japan providing used vehicle’s roadworthiness certificate, which an importer must need when clearing the imported used car from the port of Mombassa. (To know more about JEVIC certification please visit)

How to avoid rejection of Imports Upon inspection For Quality?
The importer should inform his supplier of used vehicle about the requirements of the Kenya Standard(s) to import such item in to their country. They should enter an agreement with the exporter that if the product does not meet the requirements of the relevant Kenya Standard(s) when inspected at the port of entry in Kenya, it will be shipped back to the country of origin at the supplier’s cost.

Importers in Kenya can purchase Kenya Standards at the Kenya Bureau of Standards Head Office in Nairobi or at the KEBS Regional Offices in Mombassa, Kisumu and Eldoret.

Want to check complete details on import regulation of your country please visit our Auction Sites

Komatsu Ltd. today announced its business results for the first nine-month period of the fiscal year ending March 31, 2010. Highlights are described below.

Komatsu firmly recovered profitability in the third quarter (October - December 2009), improving both sales and profits over the first (April - June 2009) and second quarters (July - September 2009). When compared to the previous nine-month period (April - December 2008), however, consolidated net sales for the nine months (April - December 2009) declined 38.9% to JPY1,003.9 billion (USD10,795 million, at USD1=JPY93), as global demand, excluding that in China, did not come back to the level of the pre-financial meltdown. An additional contributing factor was the Japanese yenfs appreciation against major currencies. With respect to profits for the nine months compared to the nine-month period a year ago, operating income decreased 82.0% to JPY36.0 billion (USD388 million). Income before income taxes and equity in earnings of affiliated companies amounted to JPY34.6 billion (USD373 million), down 80.5%. Net income attributable to Komatsu Ltd. declined 83.8% to JPY18.3 billion (USD197 million).

Note: The translation of Japanese yen amounts into US dollar amounts is included solely for convenience and has been made for the nine months ended December 31, 2009 at the rate of JPY93 to USD1, the approximate rate of exchange at December 31, 2009.

Source: http://www.komatsu.com/CompanyInfo/press/2010012814554526490.html

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Kawasaki Heavy Industries, Ltd. announced today that the Kawasaki Group would be making a US$50,000 donation to help the victims of the disastrous January 12 earthquake in Haiti.

Kawasaki hopes the donation will assist in ongoing relief efforts, and wishes to express its condolences to all those who lost friends and loved ones in the tragedy.

Source: http://www.khi.co.jp/ba/2010data/ba_c3100126_1.html

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