Timeline of Events
Mitsubishi was founded as a shipping company “Tsukumo-Shokai” by founder Yataro Iwasaki
Founder Yataro Iwasaki leased the government-owned Nagasaki Shipyard, renaming it the Nagasaki Shipyard & Machinery works.
This would become the foundation of Mitsubishi Heavy Industries
The independence of the subsidiary companies
>Enormous overseas expansion
>Operational division are transformed into separate
and independent joint-stock companies
Mitsubishi Heavy Industries America Turbocharger Division (Detroit MI.)
Mitsubishi Heavy Industries America Turbocharger Division moved to Addison IL
Mitsubishi Heavy Industries America Turbocharger Division merged with Mitsubishi Engine North America
Mitsubishi Turbocharger Production plant in North America in Franklin Indiana
Introduction of new name Mitsubishi Turbocharger and Engine America Inc.
First milestone- 1 Million Turbos produced at the Franklin Indiana facility