In December Mitsubishi Heavy Industries Compressor Corporation , a Group company of Mitsubishi Heavy Industries, Ltd. based in Hiroshima, will establish a new company in Brazil in a joint venture with Mitsubishi Corporation , to be known as MHI Compressor do Brasil Ltda. . Creation of the new entity, which will launch commercial operations in February 2016, is targeted at developing the Latin American market for compressors, with a focus on expanding sales of compressors for use in Floating Production, Storage and Offloading systems , a market expected to see robust demand as Brazil develops deepwater oil fields.