Japan’s Mitsubishi Heavy Industries (MHI) announced on 1 December another round of restructuring focused on enhancing the efficiency of its shipbuilding and ship-repair businesses.
MHI said in a statement that it will consolidate three shipbuilding subsidiaries into two new companies from 1 January 2018, with the transition impacting mainly commercial shipbuilding activities under MHI’s Industry & Infrastructure business division.
MHI said the restructure is expected to lead to stronger competitiveness through synergies and “flexible use of technology, business, and human resources”.
The new companies – Mitsubishi Shipbuilding and Mitsubishi Heavy Industries Marine Structure – will undertake the construction of “ships that require intensive outfitting” and “large ships and marine structures” respectively.
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