Mitsubishi Heavy Industries announced plans to acquire municipally owned land in Shimonoseki, Yamaguchi Prefecture, and build a new plant. The project is intended to strengthen the competitiveness of its shipbuilding operations.
Mitsubishi Heavy Industries has announced plans to acquire municipally owned land in Shimonoseki and build a new plant to strengthen the competitiveness of its shipbuilding operations. The announcement was reportedly made on the 2nd.
The site is municipally owned land around Choshu Dejima, a man-made island in Shimonoseki, and development is expected to include the use of reclaimed land. Mitsubishi Heavy Industries aims to improve the competitiveness of its shipbuilding business through the acquisition and development of the new plant.
The move is positioned as part of the company's business strategy for its large machinery division and has been reported as potentially contributing to the strengthening of the region's industrial base. Details such as the investment amount, plant size and start of operations have not yet been disclosed and are expected to be covered in a formal announcement.
Choshu Dejima in Shimonoseki is undergoing redevelopment as part of broader development in the surrounding area, and the acquisition of the municipally owned land could affect future development plans. Mitsubishi Heavy Industries is reportedly preparing through the new plant to meet shipbuilding demand in Japan and overseas.