http://www.planetark.org/dailynewsstory.cfm/newsid/16779/story.htm Planet Ark : Mitsubishi OEM deal to boost engine output - paper
USA: July 10, 2002 NEW YORK - Japan's Mitsubishi Heavy Industries Ltd. plans to boost its eco-friendly engine output in response to stricter emission regulations and to supply Perkins Engines Co., the British engine maker unit of Caterpillar Inc., a Japanese newspaper reported. Mitsubishi will start supplying the UK company from 2003, on an original equipment manufacturer (OEM) basis, with 30,000 3.3-liter diesel engines per year for small construction machinery that comply with an 18 percent cut in nitrous oxide emissions, the Nihon Keizai Shimbun said. A spokesman at Illinois-based Caterpillar, the world's largest construction equipment maker, said that Perkins does have a supplier relationship with Mitsubishi Heavy Industries, but added: "It is our policy not to discuss specific details about agreements with any suppliers." Mitsubishi Heavy Industries officials in New York declined to comment on the report. Armed with the OEM deal, Mitsubishi - Japan's largest heavy machinery maker-plans to boost output by five times to 50,000 engines per year by fiscal 2004/05, the newspaper's Tuesday online edition said. The firm is reportedly spending about 1.7 billion yen ($14.1 million) to increase the capacity of its Sagamihara plant in Kanagawa, west of Tokyo. Perkins hopes the OEM arrangement will reduce its heavy initial investment costs, the newspaper said. Rivals like Komatsu Ltd. , Japan's largest maker of construction equipment, also hope to eclipse rivals in selling eco-friendly engines to other construction machinery makers, the Nihon Keizai said. Isuzu Motors Ltd. has also begun working with Hitachi Construction Machinery Co. on development of the eco-engines, which it expects to cost the automaker 7 percent more than engines that meet current regulations, the report said. REUTERS NEWS SERVICE ------------------------ Yahoo! Groups Sponsor ---------------------~--> Free $5 Love Reading Risk Free! http://us.click.yahoo.com/TPvn8A/PfREAA/Ey.GAA/9bTolB/TM ---------------------------------------------------------------------~-> Biofuels at Journey to Forever http://journeytoforever.org/biofuel.html Biofuel at WebConX http://www.webconx.com/2000/biofuel/biofuel.htm List messages are archived at the Info-Archive at NNYTech: http://archive.nnytech.net/ To unsubscribe from this group, send an email to: [EMAIL PROTECTED] Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
