Word: ishikawajima
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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...
...barge-borne plant was towed by tugboat through the Indian and Atlantic oceans on a 15,000-mile, 93-day voyage from Kure, Japan, where it had been built by Ishikawajima-Harima Heavy Industries (I.H.I.). In Brazil, it was taken to a docking area that had been constructed by 2,500 workers on the Jari River, an Amazon tributary 250 miles inland. The factory and its separate 55,000-kw power plant was floated into position over 4,000 submerged pilings last month. Then water under the pilings was drained, and Brazil's Munguba district, which before Ludwig...
...Keidanren's image is the first order of business for its new president, former Toshiba Electric Chairman Toshiwo Doko. At 77 - only three years younger than his predecessor -Doko continues Keidanren's tradition of gerontocracy. But he is a man of action who skippered the recovery of Ishikawajima-Harima Heavy Industries (shipbuilding), then switched to Toshiba in 1965 and led its resurgence from a deep plunge into debt...
Versatility has long been the hallmark of the company, which started building commercial vessels in a yard at Tokyo Bay in 1879 and expanded into heavy machinery as Japan industrialized in the following decades. During World War II, Ishikawajima produced destroyers, amphibious tanks, and-something IHI still proudly touts-a jet engine successfully tested in the late spring of 1945. In 1960, a merger with Harima Shipbuilding & Engineering strengthened the shipbuilding operation and put IHI in a position to challenge Mitsubishi, the industry's leader...