JFE Holdings Inc.’s shipbuilding unit, Japan’s second-largest by output, said plunging demand means it needs more time to assess a planned merger with IHI Corp.’s operations, 19 months after the tie-up was proposed. “We’d like to complete an assessment of the shipbuilding integration as soon as possible,” Shinjiro Mishima, chief executive officer of the Kawasaki, Japan-based unit, Universal Shipbuilding Corp., said in an interview.
Green Marine
about 17 years ago
JFE, IHI Ship Units Need More Time on Merger Plan, Mishima Says
JFE Holdings Inc.’s shipbuilding unit, Japan’s second-largest by output, said plunging demand means it needs more time to assess a planned merger with IHI Corp.’s operations, 19 months after the tie-up was proposed. “We’d like to complete an assessment of the shipbuilding integration as soon as poss
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