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02 June 2020 The on-line newspaper devoted to the world of transports 11:40 GMT+2

November 10, 2009

JFE pauses ship-building merger with IHI


JFE Holdings Inc.'s shipbuilding unit, the nation's second-largest by output, said plunging demand will force it to prolong its evaluation of the merger planned with IHI Corp., 19 months after the tieup 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-based unit, Universal Shipbuilding Corp., said ......
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