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Market Chatter: Mitsubishi Heavy Plans 100-Billion-Yen Japan, US Gas Turbine Investment

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Mitsubishi Heavy Industries (TYO:7011) plans to invest over 100 billion yen to expand production capacity for large gas turbines by fiscal 2030, targeting double its 2024 levels, Nikkei Asia reported Monday, citing Chief Financial Officer Hiroshi Nishio.

The funds will go toward Japanese and American facilities to boost turbine manufacturing and strengthen replacement parts supply like blades and combustors amid surging data-center-driven power demand, the news daily said.

Nishio noted that after-sales service needs are rising, prompting the capacity expansion, which will be formalized in the next medium-term plan covering 2027-2029, the publication said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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