Start of Talks Towards Business Cooperation with Mitsui Engineering & Shipbuilding in Commercial Ship Business Area
February 8, 2018
TSUNEISHI SHIPBUILDING Co., Ltd. (HQ: 1083 Tsuneishi, Numakuma-cho, Fukuyama, Hiroshima, Japan; President: Kenji Kawano; hereinafter, “TSUNEISHI”) and Mitsui Engineering & Shipbuilding Co., Ltd. (HQ: 6-4, Tsukiji 5-chome, Chuo-ku, Tokyo, Japan; President: Takao Tanaka; hereinafter, “MES”) have agreed to commence deliberations between TSUNEISHI and MES’ Ship & Ocean Project Headquarters on a business cooperation in the area of commercial ships (hereinafter, the “Cooperation”).
The purpose of the Cooperation is to attain continuous growth of the shipbuilding business through collaboration between the two companies in building up design and development capacity and cost competitiveness and in obtaining more orders while maintaining their respective independence in management.
MES and TSUNEISHI will be making discussions in order to attain an agreement on specific conditions for the Cooperation.
MES also issued a press release with the same contents as that of TSUNEISHI.
■ About Mitsui Engineering & Shipbuilding Co., Ltd.
Mitsui Engineering & Shipbuilding is a heavy industry manufacturer of the Mitsui Group, which has competitive strength in the fields of ship engines and shipbuilding. Logistics systems, social infrastructure, and energy systems are also included in its business activities. MES was established as the Shipbuilding Division of Former Mitsui & Co. in Hibi-cho, Kojima-gun (presently, Tamano City), Okayama Prefecture in 1917. It separated from Former Mitsui & Co. and became independent in 1937. In 1942, it changed its company name to Mitsui Engineering & Shipbuilding Co., Ltd. which has been being used up to now. Moreover, MES’ stock is listed on the First Section of the Tokyo Stock Exchange.
■ About TSUNEISHI SHIPBUILDING Co., Ltd.
Marking its 100th anniversary in 2017, TSUNEISHI SHIPBUILDING (Fukuyama, Hiroshima, Japan) is the anchor company of the TSUNEISHI Group, which mainly engages in shipbuilding and maritime transport. With manufacturing bases in Japan (Tsuneishi Factory, the HQ) and three overseas factories in the Philippines, China, and Paraguay, the company builds container carriers, tankers, cruise ship, 30,000-tonne to 180,000-tonne class bulk carriers, and other ships.
President: Kenji Kawano
Field of Business: Shipbuilding, ship repair
Established: July 1917
Capital: 100 million yen
Employees: 880 (as of December 2017)
Business Locations: Tsuneishi Factory (Fukuyama, Hiroshima, Japan)
TSUNEISHI HEAVY INDUSTRIES (CEBU), Inc. (Cebu Island, Philippines)
TSUNEISHI GROUP (ZHOUSHAN) SHIPBUILDING, Inc. (Zhejiang Province, China)
ASTILLERO TSUNEISHI PARAGUAY S.A. (Asuncion, Paraguay)
MIHO SHIPYARD CO., LTD.
TSUNEISHI IRON WORKS Co., Ltd. (Fukuyama, Hiroshima, Japan)
TSUNEISHI TRADING Co., Ltd. (Fukuyama, Hiroshima, Japan)
TSUNEISHI ENGINEERING Co., Ltd. (Fukuyama, Hiroshima, Japan)
For further information, please contact:
Marketing & Communication Dept.,
TSUNEISHI HOLDINGS CORPORATION