Jun, 14 2017 17:58 JST

Source: Mitsubishi Heavy Industries, Ltd.

Basic Agreement Reached With Oshima Shipbuilding Co. to Form Commercial Shipbuilding Alliance

- Move will Strengthen Global Competitiveness in Shipbuilding -

TOKYO, Jun, 14 2017 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) has reached a basic agreement with Oshima Shipbuilding Co., Ltd. towards the formation of an alliance in the commercial ship business. The companies will seek business synergy and target sustainable growth in order to strengthen business competitiveness in the global market, while also respecting mutual independence.

The agreement with Oshima Shipbuilding will utilize the expertise of both companies, establishing a technical alliance to focus on development of new ship designs and technologies, standardization of design and construction, and efficient shared use of tools and equipment. The alliance follows on from a previous agreement reached at the end of March with Imabari Shipbuilding Co., Ltd. and Namura Shipbuilding Co., Ltd. Contracts for specific projects will be decided on an individual basis.

The new alliance will allow MHI to enhance competitiveness in shipbuilding, focusing on core engineering capabilities and expertise, while ensuring that Japan strengthens its shipbuilding capabilities in the face of a rapidly changing global industry.


About Mitsubishi Heavy Industries, Ltd.
Mitsubishi Heavy Industries, Ltd. (MHI), headquartered in Tokyo, is one of the world's leading industrial firms with 80,000 group employees and annual consolidated revenues of around 38 billion U.S. dollars. For more than 130 years, the company has channeled big thinking into innovative and integrated solutions that move the world forward. MHI owns a unique business portfolio covering land, sea, sky and even space. MHI delivers innovative and integrated solutions across a wide range of industries from commercial aviation and transportation to power plants and gas turbines, and from machinery and infrastructure to integrated defense and space systems.
For more information, please visit the MHI Group website: http://www.mhi-global.com.
For Technology, Trends and Tangents, visit MHI's new online media SPECTRA: http://spectra.mhi.com.


Contact:
Joseph Hood, PR Manager
Mitsubishi Heavy Industries, Ltd.
Email: [email protected]
Tel: +81-(0)3-6716-2168
Fax: +81-(0)3-6716-5860
Source: Mitsubishi Heavy Industries, Ltd.
Sectors: Marine/Offshore

Copyright ©2018 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Related Press Release


MHI and NTT Group Begin Sales of "InteRSePT" Cyber Security Technology Providing Safe and Secure Operation of Control Systemse
April 25 2018 14:48 JST
 
Mitsubishi Heavy Industries-Haier (Qingdao) Air-Conditioners Co., Ltd., Joint Venture with Haier
April 20 2018 17:29 JST
 
Mitsubishi Shipbuilding Holds Christening Ceremony for Diamond Gas Orchid, Next-Generation LNG Carrier
April 19 2018 14:32 JST
 
MHI Holds Welcoming Ceremony for New Employees in 2018
April 02 2018 11:04 JST
 
Mitsubishi Corporation to Participate in Offshore Wind Farm Project in the UK
March 26 2018 12:21 JST
 
MHI Thermal Systems Concludes Agreement with Beijer Ref to Collaborate in Air-Conditioning and Heat Pump Business in UK and Ireland
March 13 2018 10:43 JST
 
MHI: H-100 Gas Turbine and Low NOx Combustion System Receives Full Mechanical Drive Qualification by Shell
March 12 2018 10:46 JST
 
MHIEC Receives Order to Build Waste to Energy Plant in Kawasaki
March 05 2018 10:25 JST
 
MHI Thermal Systems and Chubu Electric Power Jointly Develop "Q-ton Circulation" Heat Pump, Launching Set for August
February 28 2018 08:21 JST
 
MHI Completes Investment in Orano (formerly "New AREVA Holding")
February 28 2018 08:04 JST
 
More Press release >>

Latest Press Release


More Latest Release >>