Mitsui Engineering & Shipbuilding : Succession of Minaminippon Shipbuilding's Business by Imabari Shipbuilding
January 12, 2018 at 01:09 am EST
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12th January, 2018
Succession of Minaminippon Shipbuilding's Business by Imabari Shipbuilding
This is to inform that Minaminippon Shipbuilding Co., Ltd. (President: Ryutaro Ikebe; headquarters: Usuki-shi, Oita Prefecture), its present shareholders-Mitsui Engineering & Shipbuilding Co., Ltd. (President: Takao Tanaka; headquarters: Chuo-ku, Tokyo; ownership: 25%) and Mitsui O.S.K. Lines, Ltd. (President & CEO: Junichiro Ikeda; headquarters:Minato-ku, Tokyo; ownership: 24%), and Imabari Shipbuilding Co., Ltd. (President: Yukito Higaki; headquarters: Imabari-shi, Ehime Prefecture) reached an initial agreement with respect to Imabari Shipbuilding's succession of Minaminippon Shipbuilding's business, effective April 1, 2018.
The concerned parties will hold further discussions to conclude the final agreement required for succession of the business.
MES - Mitsui Engineering & Shipbuilding Co. Ltd. published this content on 12 January 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 January 2018 06:09:03 UTC.
Original documenthttp://www.mes.co.jp/english/press/2018/20180112.html
Public permalinkhttp://www.publicnow.com/view/469ECF0AE2FAF713CB32470ADA2059679AB69AE6
Mitsui E&S Co Ltd, formerly Mitsui E&S Holdings Co Ltd, is primarily engaged in ship, marine development, machinery, and engineering businesses. The Company operates its business through four segments. The Ship segment provides ships, naval vessels, high-speed passenger ships, offshore structures, underwater equipment, design engineering services, ship-related equipment and machinery, and steel structures. The Marine Development segment provides floating offshore oil and gas production, storage, and offloading facilities. The Machinery segment provides marine and land-use diesel engines, marine equipment, gas engines, steam turbines, blowers, compressors, gas turbines, among others. The Engineering segment provides power generation projects and general overseas civil engineering and construction work. The Company also engages in land-based diesel power plant business, information and communication equipment business, system development business, gas-related engineering, among others.
MITSUI E&S CO., LTD. 
