logo
Your current location:
Home page
>
>
>
The merger of two Japanese shipyards is postponed to the beginning of 2013
新闻资讯

The merger of two Japanese shipyards is postponed to the beginning of 2013

  • Categories:Industry dynamics
  • Author:
  • Origin:
  • Time of issue:2012-11-23 15:33
  • Views:1

(Summary description)DuetothehistoricalappreciationofJapaneseyen,Japan'sshipbuildingindustryisfacingmoreseverecompetitionintheinternationalmarket.Inthiscontext,onJanuary30,JFEgroup,oneofJapan'sironandsteelgiants,andIHIgroup,oneofJapan'sheavymachinerymanufacturinggiants,eachoftheirtwoshipbuildingenterprises,reachedamarriageandreorganizationagreement,whichwillbeimplementedinOctober2012.Recently,universalshipbuildingandIHImarineUnitedannouncedthatthecontractbetweenthetwocompaniesanditseffectivedatewerechangedtoJanuary1,2013again.Asthereviewandrecognitionproceduresofforeigncompetitionlawhavenotbeencompletedandthedateofmergerhasbeenpostponedagain,thetimehasbeenpostponedforthethirdtime.Moreover,itisdifficulttoruleoutthepossibilitythatthetimewillbepostponedagainintheprocessofexaminingthemergerinthefuture.

The merger of two Japanese shipyards is postponed to the beginning of 2013

(Summary description)DuetothehistoricalappreciationofJapaneseyen,Japan'sshipbuildingindustryisfacingmoreseverecompetitionintheinternationalmarket.Inthiscontext,onJanuary30,JFEgroup,oneofJapan'sironandsteelgiants,andIHIgroup,oneofJapan'sheavymachinerymanufacturinggiants,eachoftheirtwoshipbuildingenterprises,reachedamarriageandreorganizationagreement,whichwillbeimplementedinOctober2012.Recently,universalshipbuildingandIHImarineUnitedannouncedthatthecontractbetweenthetwocompaniesanditseffectivedatewerechangedtoJanuary1,2013again.Asthereviewandrecognitionproceduresofforeigncompetitionlawhavenotbeencompletedandthedateofmergerhasbeenpostponedagain,thetimehasbeenpostponedforthethirdtime.Moreover,itisdifficulttoruleoutthepossibilitythatthetimewillbepostponedagainintheprocessofexaminingthemergerinthefuture.

  • Categories:Industry dynamics
  • Author:
  • Origin:
  • Time of issue:2012-11-23 15:33
  • Views:1
Information
Due to the historical appreciation of Japanese yen, Japan's shipbuilding industry is facing more severe competition in the international market. In this context, on January 30, JFE group, one of Japan's iron and steel giants, and IHI group, one of Japan's heavy machinery manufacturing giants, each of their two shipbuilding enterprises, reached a marriage and reorganization agreement, which will be implemented in October 2012.
Recently, universal shipbuilding and IHI marine United announced that the contract between the two companies and its effective date were changed to January 1, 2013 again.
As the review and recognition procedures of foreign competition law have not been completed and the date of merger has been postponed again, the time has been postponed for the third time. Moreover, it is difficult to rule out the possibility that the time will be postponed again in the process of examining the merger in the future.

Scan the QR code to read on your phone

Copyright: Nanjing Jingyun ship accessories Co., Ltd