TSUNEISHI HEAVY INDUSTRIES (CEBU) appoints Akihiko Mishima president and CEO~Shipbuilder bullish about company growth this year under new management.

May 15, 2015

TSUNEISHI HEAVY INDUSTRIES (CEBU)

[Technology/development]

TSUNEISHI HEAVY INDUSTRIES (CEBU) appoints Akihiko Mishima president and CEO~Shipbuilder bullish about company growth this year under new management.

Media gathering on 8th May

BALAMBAN, CEBU; May 8, 2015 – TSUNEISHI HEAVY INDUSTRIES (CEBU), Inc. hit the ground running at the beginning of the year as Akihiko Mishima was appointed president and CEO, effective January 2015. Under his watch, TSUNEISHI HEAVY INDUSTRIES (CEBU), Inc. prepares to deliver 18 ships this year. The 200th ship will also be turned over to its new owner in June.

 TSUNEISHI HEAVY INDUSTRIES (CEBU), Inc.
 http://www.thici.com/

 TSUNEISHI TECHNICAL SERVICES (PHILS.), Inc.
 http://www.tsuneishi-tech.com/

Mishima joined as an engineer for TSUNEISHI SHIPBUILDING Co., Ltd. in Japan in 1976. His more than three decades- long career led him to join TSUNEISHI HEAVY INDUSTRIES (CEBU), Inc. as director in 2014, before taking over as president and CEO.

2015 will see TSUNEISHI HEAVY INDUSTRIES (CEBU), Inc. deliver 18 ships: three 35,300 deadweight metric ton (dwt) type; seven 58,000 dwt type, three of which are TESS58 AEROLINE; seven 82,000 dwt type; and one 180,000 dwt type cape-size bulk carrier.

“Since the completion of the first ship, M/V Sea Amelita, in 1997, the capacity to build the number of ship orders gradually increased and new Tsuneishi ship brands were produced. This year, we aim to do more and better than we have in the past years,” Mishima said.

In an effort to strengthen cost competitiveness, TSUNEISHI HEAVY INDUSTRIES (CEBU), Inc. aims to build 25 to 30 vessels per year. This capacity to build more began in 2005 when former president Gloria Macapagal-Arroyo inaugurated Slipway No. 2. In 2009, the new building dock was completed. From these facilities, the production capacity increased to an average of 20 ships per year.

Meanwhile, Engr. Segismundo Exaltacion, Jr. took over as president and member of the board of directors of TSUNEISHI TECHNICAL SERIVICES (PHILS.), Inc., making him the company’s first Filipino president. Exaltacion’s 26-year career history saw him join TSUNEISHI TECHNICAL SERIVICES in 1992 as electrical design engineer. He worked up the ranks, landing the role of general manager in 2007. Plans to expand operations are also in the pipeline this year.

On the human resource development front, 2015 will see more training in headquarters TSUNEISHI SHIPBUILDING-Japan. This program aims to enhance our employees’ business skills and expertise in our headquarters through On-the-job-training. Our trainees study and learn to speak Nihongo (Japanese), allowing them to better communicate with their counterparts in Japan. The human resource program is categorized into three: one year training for engineers and admin staffs, and two to three years training for technical workers like welders.

Furthermore, this initiative will also pave the way for the localization of management, starting with the appointment of Engr. Exaltacion.

“Over the past two decades we have done technical trainings at our shipbuilding center and sent over 1,536 Filipino employees to Japan where they acquired additional technical skills. Currently there are 224 engineers, skilled workers and admin staff training in TSUNEISHI SHIPBUILDING -Japan,” Mishima said.

“2014 marked the achievement of many of the company’s milestones. We turned 20, delivered our 191st ship and launched new ship models. We aim to further propel the Philippines’ shipbuilding industry. As of 2014, the Philippines ranks in 4th place in terms of amount of ships completed by country. Although 2015 looks challenging, it still holds a promise of a greater reward in the future. And we will be better because of it,” he added.

■ About TSUNEISHI HEAVY INDUSTRIES (CEBU), Inc.
TSUNEISHI HEAVY INDUSTRIES (CEBU) Inc. (THICI) is a joint venture between Japan-based shipbuilder Tsuneishi Group and the Aboitiz Group. A group company of TSUNEISHI SHIPBUILDING Co., Ltd.(head office: Fukuyama, Hiroshima,Japan). The company builds about 20 vessels per year, centered on 30,000 ton to 180,000 ton class bulk carriers, and is one of the top shipyards in the Philippines. It employs over 13,000 people directly or through cooperative companies. TSUNEISHI HEAVY INDUSTRIES (CEBU), Inc. received the Hall of Fame Award for Outstanding Community Projects and the Outstanding Exporter in the large enterprise category from the Philippine Economic Zone Authority (PEZA) for three consecutive years.

URL:http://www.thici.com/
Business:Shipbuilding and repair
Established:September 1994
Employees:Approx. 13,000 (including subcontractor workers and affiliate companies)
Location:West Cebu Industrial Park-SEZ, Buanoy, Balamban, Cebu, Philippines 6041
Shipyard area:Approx. 1,470,000 square meters
Main facilities:Two berths, one building dock, one 3000-ton floating crane, etc.
Ship type of delivered:Bulk carriers, pure car & truck carriers

■ About TSUNEISHI TECHNICAL SERVICES (PHILS.), Inc.
TSUNEISHI TECHNICAL SERVICES (PHILS.), Inc., was established in the Philippines in 1992 to engage in Computer Aided Engineering Design and Computer Aided Ship Design activities. It was registered with the Philippine Economic Zone Authority (PEZA) under IT Category, considering it's IT Enabled Service and technical knowledge based operations.
TSUNEISHI TECHNICAL SERVICES (PHILS.), Inc. allocates most of its capacity to the captive market by providing plans and drawings of detail and production design to Engineering and Shipbuilding industries.
With its mantra of designing beyond borders, TSUNEISHI TECHNICAL SERVICES (PHILS.), Inc. continuously sails forward anticipating the demands of the non-captive market. By delivering good quality designs at a competitive cost with on-time delivery, TSUNEISHI TECHNICAL SERVICES (PHILS.), Inc. is dedicated in finding its niche in the global arena.

URL:http://www.tsuneishi-tech.com/
Business:Ship Designing
Established:1992
Employees:333
Location:West Cebu Industrial Park-SEZ, Buanoy, Balamban, Cebu, Philippines 6041

-For inquiries regarding this matter, contact: -
TSUNEISHI HOLDINGS CORPORATION
Marketing Communication Dept.
pr@tsuneishi.com
Head Office (Hiroshima) TEL: +81-84-987-4915
Tokyo Office TEL: +81-3-3264-7733