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Toyo Engineering (6330) · RiskAchieved

Extension of the delivery schedule for ethylene production equipment for the U.S. market

First written in FY2018-Q3. 2 of 4 entries say "Mitigated", first in FY2019. Latest entry: FY2020.

4entries
3years
0from disclosures
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ProgressHeldSoftenedWorseMaterialisedFY2018-Q3MitigatedFY2019 – FY20202018: 120182019: 120192020: 22020
Same theme, other companies
Delivery schedule extended due to construction delays at an ethylene facility for the US marketA theme 1 companies write about · 1 as a headwind · 0 as a tailwind

No other company in this theme has enough history to compare yet.

Full recordFilings, disclosures and news, newest first
  1. FY2020AchievedAnnual report

    「The facility was handed over to the customer during the current consolidated accounting period and commercial production began.」

    Regarding the ethylene production facility for the United States, delivery to the customer and the start of commercial production have been completed, addressing the delivery and handover concerns that had continued from the previous fiscal year.
  2. FY2020-Q3MitigatedAnnual report

    「Regarding the ethylene production facility project for the United States, the detailed inspection of the piping leak detected in mid-September 2019 has been completed, and preparations are under way for the start of production and handover.」

    The investigation of the piping leak has been completed, and measures addressing the quality and delivery concerns that arose in the previous quarter have progressed. However, the start of production and handover remain at the preparation stage.
  3. FY2019MitigatedAnnual report

    「Construction has now been completed and commissioning has begun, with completion and handover scheduled during the first half of fiscal 2019.」

    Regarding the delivery-extension risk that arose in the previous fiscal year, the project has progressed through completion of construction and the start of commissioning, with completion and handover scheduled for the first half of FY2019.
  4. FY2018-Q3MaterialisedAnnual report

    「For this project, the Company implemented measures to accelerate construction, including adding personnel and conducting night work, from the spring of the previous year to recover delays in civil engineering work caused by ground and piling problems during the early stages of construction. However, as work continued to make little progress due in part to unusually prolonged rain and hurricanes, during the third quarter of the current consolidated fiscal year the Company reviewed these acceleration measures and reached an agreement with the customer to extend the delivery schedule from the first half to the second half of FY2018.」

    In addition to the ground and piling problems, prolonged rain and hurricanes slowed construction, and the Company agreed with the customer to extend the delivery schedule from the first half to the second half of FY2018. The delivery delay has materialized.
Moved together

"Improving the financial position and restoring stakeholder confidence through the rehabilitation plan" moved the same way as this thread, in the same document, in 3 of its 4 moves.

332222★123456
  1. ★This thread
  2. 1Improving the financial position and restoring stakeholder confidence through the rehabilitation plan3×
  3. 2Improving Profitability and Controlling Selling, General and Administrative Expenses3×
  4. 3Exploration and expansion into new fields2×
  5. 4Reforming Project Execution and Strengthening Quality, Schedule and Cost Management2×
  6. 5Collaboration Framework with Overseas Companies for Seabed Resource Development2×
  7. 6Scale-up and Commercialization of the ACES21® Urea Process2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

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Extension of the delivery schedule for ethylene production equipment for the U.S. market | TOYO ENGINEERING CORPORATION (6330) | Komori