Japan’s Mitsubishi Heavy Industries (MHI) has unveiled its plans to establish two new wholly-owned companies under the reorganization of its shipbuilding business.
The move, effective January 1, 2018, would see the company split its shipbuilding business into Mitsubishi Shipbuilding, which will primarily undertake construction of ships that require intensive outfitting, and Mitsubishi Heavy Industries Marine Structure, set to mainly engage in the manufacture of large ships and marine structures.
Mitsubishi Shipbuilding is to consolidate the current capabilities of MHI’s shipbuilding bases, including Shimonoseki, Nagasaki, and others, and function as a business company exclusively dedicated to shipbuilding.
The new company will grow business in ships that require intensive outfitting, such as ferries and vessels used by governmental agencies. It will also make social contributions in areas impacting the environment, in an effort to achieve sustained development.
Mitsubishi Heavy Industries Marine Structure will carry on construction of large ships at the Koyagi Plant of MHI’s Nagasaki Shipyard & Machinery Works. The new company will also expand business in units accommodating new fuels and manufacture of marine steel structures.
MHI informed that it will work closely with the two new companies, supporting them in the development of their business operations.