Business · Companies · 2 hrs ago

Mitsubishi Heavy plans $490 million expansion at Georgia factory

Mitsubishi Heavy plans $490 million expansion at Georgia factory

Mitsubishi Heavy Industries plans a $490 million investment to expand its factory in Georgia.

The company makes gas turbines, which power plants use to generate electricity from natural gas.

The expansion will increase U.S. production and maintenance capacity for these turbines.

The company says the investment is intended to serve a surge in data center construction.

Data centers need electricity, and gas turbines are one way power plants can produce it.

The investment is planned for the Georgia factory, but no completion date or production target is given.

The next step is the planned factory expansion.

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