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Tokyo, December 08, 2025 – Mitsubishi Heavy Industries Engine & Turbocharger, Ltd. (MHIET), a part of Mitsubishi Heavy Industries (MHI) Group, held a ceremony on November 7 to commemorate the 10th anniversary of the opening of the Franklin, Indiana (USA) plant of Mitsubishi Turbocharger and Engine America, Inc. (MTEA), headquartered in Itasca, Illinois, MHIET’s production base for automotive turbochargers in the United States. The Franklin plant has manufactured a cumulative total of 6.5 million turbochargers over the last 10 years, and expects to reach 10 million units by 2030.

The commemorative ceremony was attended by Franklin Mayor Steve Barnett and other city officials, as well as Kenji Mori, General Manager of MHIET’s Turbo Division, and other company executives. Mayor Barnett said, “MHIET’s commitment to excellence, teamwork and respect reflects the best of the Japanese culture that has truly left their mark in Franklin.”

The demand for turbocharger is expected to remain strong, owing to the current proactive development of gasoline-fueled turbo engines in North America. With automobile manufacturers, who are the main customers for these devices, increasingly demanding shorter timeframes for development and delivery, the Franklin plant has established a mass production system that can respond flexibly while maintaining high quality.

Specifically, the plant produces turbochargers on automated assembly lines, with quality rigorously controlled by an advanced traceability system. The factory adheres strictly to the “5S” workplace organization method (Sort, Straighten, Shine, Standardize, Sustain). In addition, the plant is located close to engine assembly plants of its main customers.

This production system and nearby location allow the plant to quickly and steadily supply high-quality turbochargers, which is highly regarded by customers. In 2024, MTEA received the “Supplier of the Year” award from U.S. automaker General Motors (GM) for the third time. The company has also received the “Excellence in Quality and Delivery” award from American Honda Motor multiple times.

At the same time, reflecting the rise of protectionism and intensifying trade friction, customers are increasingly requesting compliance with the USMCA (United States-Mexico-Canada Agreement). The Franklin plant meets the Labor Value Content (LVC) requirement of the USMCA Rules of Origin. MTEA is also taking steps to develop and build a supply chain in North America to meet the Regional Value Content (RVC) requirements of the USMCA Rules of Origin.

Going forward, MHIET will continue production of high-quality turbochargers at the Franklin plant and maintain a flexible supply system, while aiming to bolster its supply chain and expand its North American operations.

■Overview of MTEA

• 【Milestones】
  

  April 1985	Mitsubishi Engine North America, Inc. (MENA) established and started operations as a sales and service base for engines and turbochargers in North America
  April 2010	Established a sales and design office in Michigan, USA
  May 2015	Opened Franklin plant in the U.S. and started production of turbochargers
  June 2016	Corporate name changed from MENA to Mitsubishi Turbocharger and Engine America, Inc. (MTEA)
  April 2022	Cumulative turbocharger production reaches 5 million units

Trump has pledged to “unleash” American oil and gas and these 15 US stocks have developments that are poised to benefit.

To get a sense of who is truly in control of Chin Hin Group Property Berhad (KLSE:CHGP), it is important to understand the ownership structure of the business. The group holding the most number of shares in the company, around 62% to be precise, is public companies. Put another way, the group faces the maximum upside potential (or downside risk).

Individual investors, on the other hand, account for 22% of the company’s stockholders.

Let’s delve deeper into each type of owner of Chin Hin Group Property Berhad, beginning with the chart below.

View our latest analysis for Chin Hin Group Property Berhad

Small companies that are not very actively traded often lack institutional investors, but it’s less common to see large companies without them.

There are many reasons why a company might not have any institutions on the share registry. It may be hard for institutions to buy large amounts of shares, if liquidity (the amount of shares traded each day) is low. If the company has not needed to raise capital, institutions might lack the opportunity to build a position. Alternatively, there might be something about the company that has kept institutional investors away. Chin Hin Group Property Berhad’s earnings and revenue track record (below) may not be compelling to institutional investors — or they simply might not have looked at the business closely.

We note that hedge funds don’t have a meaningful investment in Chin Hin Group Property Berhad. Chin Hin Group Berhad is currently the company’s largest shareholder with 62% of shares outstanding. With such a huge stake in the ownership, we infer that they have significant control of the future of the company. With 2.5% and 2.4% of the shares outstanding respectively, Kumpulan Wang Bersama and Human Resources Development Fund are the second and third largest shareholders.

While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. We’re not picking up on any analyst coverage of the stock at the moment, so the company is unlikely to be widely held.

Story Continues

By Tracy Qu

  Baidu shares rose after the company said it is considering spinning off its AI chip unit. 

  The Beijing-based company is assessing a possible spinoff and listing for Kunlunxin (Beijing) Technology, according to a filing with the Hong Kong bourse on Sunday. 

  Baidu said the proposed spinoff and listing will be subject to regulatory approval processes and added that there is no assurance that the spinoff and listing will proceed. The news was first reported by Reuters on Friday. 

  The stock rose 4% to HK$126.40, equivalent to US$16.24, in morning trade on Monday, after climbing 5% on Friday. Baidu's gains outperformed the Hang Seng Tech Index, which was recently 0.1% lower. 

  The news comes as a number of Chinese chip companies have pursued domestic listings amid Beijing's push to end reliance on foreign technology. 

  Moore Threads, a domestic graphics processing unit designer, began trading in Shanghai last week. Its shares surged more than fivefold on Friday. Meanwhile, chip company MetaX plans to raise the equivalent of more than $550 million in Shanghai. 

  Baidu, once China's dominant internet search engine provider, has sought new growth drivers beyond its core business in recent years. The company has been investing in artificial intelligence, chip design, as well as autonomous-driving technologies. 

  Write to Tracy Qu at tracy.qu@wsj.com 

  (END) Dow Jones Newswires

  December 07, 2025 23:05 ET (04:05 GMT)
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