Word: harima
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Dates: during 1980-1989
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Humbled too are Japan's shipbuilders, who are suffering from a worldwide glut of shipping capacity. For the six months ending September, four of the six major Japanese manufacturers lost money for the first time since 1979. Shipbuilder Ishikawajima-Harima Heavy Industries plans to reduce its work force from 24,000 to 17,000 by year's end. One 90-year-old shipbuilder, Hakodate Dock, was once the largest employer in the city of Hakodate. Now the company has no orders at all for next year and beyond. In shipbuilding, as in steel, the most forceful challenge comes from South...
Exasperated, Ludwig refused to repay loans guaranteed by Brazil's National Economic Development Bank. These included $163 million owed to Japan's Ishikawajima-Harima Heavy Industries for a $250 million floating pulp mill, and another $29 million to Lloyds Bank International...