Word: mitsubishis
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...Hallmark. IHI is about to be come the world's No. 1 shipbuilder, a title that eluded it last year when another Japanese firm, Mitsubishi Heavy Industries, topped IHI's 1,600,000-gross-ton production by almost 100,000 tons. By absorbing Kure, a smaller shipbuilder near Hiroshima, next April, IHI will boost launchings to over 1,800,000 tons. Total sales for the fiscal year 1967 are estimated at $530 million, up from $484 million in fiscal 1966. Only about half is brought in by the ships; the rest comes from a wide range of heavy...
...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...
...growth-over the past five years, annual sales have almost tripled, to $15.2 million-Rachal merged last month with Alon, Inc., a Kansas manufacturer of training aircraft. Moving into the twin-engine field, he has contracted to build a 300-m.p.h. turboprop executive plane designed by Japan's Mitsubishi Heavy Industries Ltd. And next year, in his most ambitious undertaking, Rachal will introduce the Mooney Mustang; a pressurized, single-engine private plane, it will cruise at 230 m.p.h. and altitudes...
...cities in which they live along the Tokaido have characters all their own. Yokohama is an industrial jungle that spills multicolored smoke from its mill plants, obscuring the intestinal tangle of pipelines and giant tanks constituting the Mitsubishi petrochemical works. From Nagoya, with its aircraft plants, its brooding feudal castle and gold-scaled carp, one can view gleaming reaches of the sea dotted with high-prowed tankers and freighters-a reminder that Japan is the world's leading shipbuilder. Near Toyota City, home of Japan's biggest automobile manufacturer, graze herds of hand-massaged, beer-fed beef cattle...
Such considerations aside, the Japanese during the past few years have won an enviable reputation for ingenious engineering. Tokyo's Mitsubishi Shipbuilding & Engineering, the world's largest shipbuilder, has launched an 11,000-ton freighter whose "bulbous bow" (like a nuclear sub's) enables it to cruise at 20 knots on 25% less fuel than conventional ships. Kobe's Kawasaki Heavy Industry recently launched a 29,000-ton tanker whose engine and control systems are so highly automated that it is manned by only 31 crewmen v. 62 for comparable tankers. Also at Kobe, Mitsubishi Heavy...