Independent journal on economy and transport policy
11:38 GMT+1
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JFE Holdings and IHI Marine United talk again of a possible fusion
According to Mishima (Universal Shipbuilding Corp), Japan must have a navalmeccanica society that invoices at least 500 billion yen
March 3, 2011
Navalmeccaniche societies Japanese JFE Holdings and IHI Marine United are newly in negotiations for a possible fusion, operation that already it was estimated three years ago but that still is not been of no avail ( of 11 January and 8 April 2008). Today the news agency "Bloomberg" has diffused a declaration of the president of the Universal Shipbuilding Corporation, branch of the JFE Holdings, in which Shinjiro Mishima has found that a fusion would increase the competitiveness of all the companies that are under responsibility of IHI Marine United and Universal Shipbuilding Corporation and that Japan, third world-wide producer of ships behind of China and Korea, in order to contain the costs and to accelerate the investments in ships to low consumption must have a navalmeccanica society that annually invoices at least 500 billion to yen (6,1 billion dollars), that is more of the double quantity of the volume of transactions of the Universal Shipbuilding Corporation ( turnover of the Marine IHI is piled to 200 billion dollars in the exercise finished anniversary on March 31, 2010).
Remembering that the Japanese naval constructors are up against the increase of the price of the steel, matter that constitutes about 30% of the cost of the construction of a ship, and with the increase of the value of the yen that last November has reached its maximum of last the 15 years, Mishima has specified that however Universal and IHI Marine United need more time in order to define their fusion.
According to the esteem of Universal Shipbuilding Corporation and IHI Marine United, they fusion would allow to reach a turnover that, for the 31 financial year that will conclude next March, would pile and 400 billion yen (4,9 billion dollars) against a turnover of 11.300 billion won (10,1 billion dollars) recorded last year in the field of the shipbuilding and offshore from the South Korean Hyundai Heavy Industries (HHI), the main naval constructor of the world.
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Navalmeccaniche societies Japanese JFE Holdings and IHI Marine United are newly in negotiations for a possible fusion, operation that already it was estimated three years ago but that still is not been of no avail 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
