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.
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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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