M'bishi Heavy to spend $404mln on turbochargers-Nikkei

Newswire

TOKYO, March 30 (Reuters) - Mitsubishi Heavy Industries Ltd will invest about 40 billion yen ($404 million) over the next four years to double turbocharger output as automakers seek fuel-efficient technologies, the Nikkei business daily said on Sunday. Mitsubishi Heavy, the world's No. 3 maker of turbochargers, plans to build a new factory near Bangkok with annual output of over 2 million units, and would also expand production at plants in Japan and Amsterdam, the Nikkei said. The moves ...

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