Mitsubishi Heavy Industries will acquire Choshu Dejima, an artificial island developed by Shimonoseki City, Yamaguchi Prefecture, and invest approximately ¥100 billion to expand the capacity of its Shimonoseki Shipyard. The acquisition will cost approximately ¥3 billion and cover 140,000 square meters, with operations targeted to begin in 2030.
Mitsubishi Heavy Industries announced that it will acquire Choshu Dejima, an artificial island developed by Shimonoseki City, to expand the construction capacity of its subsidiary Mitsubishi Shipbuilding Co., Ltd.’s Shimonoseki Shipyard.
Shimonoseki City is involved in concluding the agreement, with the acquisition covering approximately 140,000 square meters at a cost of approximately ¥3 billion. Mitsubishi Heavy Industries will also invest approximately ¥100 billion in total and transfer the function of constructing part of the hull to a newly established parts plant on Choshu Dejima.
The company plans to receive a ¥40 billion grant from the government’s shipbuilding industry revitalization fund in connection with the shipyard expansion, with operations targeted to begin in 2030. The hulls will be assembled from blocks, and the block-manufacturing function will be transferred to the plant on Choshu Dejima to increase construction capacity.