Tsuneishi Shipbuilding and Mitsui E&S enter into capital tie-up with restructuring expanding in shipbuilding industry July 31 16:59
The restructuring movement has spread in the shipbuilding industry, which is exposed to intense competition with South Korea and China, and a major Tsuneishi Shipbuilding Co., Ltd. and the former Mitsui Shipbuilding Co., Ltd., Mitsui E&S Holdings Co., Ltd. have entered into talks for a capital alliance.
According to the announcement, the two companies reached a basic agreement on the 31st to start discussions on a capital tie-up.
Specifically, Tsuneishi Shipbuilding will invest in a shipbuilding subsidiary of Mitsui E&S Holdings, which has been in the red and is suffering from poor performance.
The two companies have formed a business tie-up for the design and parts procurement of bulk carriers and tankers.
This time, we aim to enhance competitiveness by strengthening relationships and promoting efficiency through research and development and utilization of production facilities through a capital alliance.
The detailed investment ratio will be discussed in the future, and the aim is to reach agreement within the year.
The shipbuilding industry occupies most of the world's market share in China, South Korea, and Japan, but in South Korea and China, reorganizations between major companies are continuing.
Japan's largest ship, Imabari Shipbuilding Co., Ltd., and Japan Marine United, which is the second largest, are proceeding with discussions on a capital tie-up, and Mitsubishi Heavy Industries is proceeding with talks in the direction of selling a factory in Nagasaki Prefecture to Oshima Shipyard. ..