Mitsubishi puts $635m behind shipyard expansion

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Mitsubishi Heavy Industries plans to invest about ¥100 billion ($635 million) to expand shipbuilding capacity in Shimonoseki, Japan. The company has secured a land deal with the city for a new production base on Choshu Dejima, with some functions moving from its Enoura plant.

Mitsubishi Heavy Industries is putting around ¥100bn ($635m) into expanding shipbuilding capacity at Shimonoseki, sealing a land deal with the city for a new production base on the artificial island of Choshu Dejima. MHI said its Mitsubishi Shipbuilding unit will transfer some functions currently carried out at the Enoura plant of the Shimonoseki Shipyard & …