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Friday, October 02, 2009

Kawasaki reshuffles shipbuilding division

Tokyo: Kawasaki Heavy Industries (KHI) has announced that it will absorb Kawasaki Shipbuilding Corp. (KSC) effective October 1, 2010, exactly eight years after the latter was spun off in October 2002. The company aims to prepare for the impending business depression by returning the shipbuilding division, which has focused on the development of its interests in China, to the main organization and removing the restrictions in its being a subsidiary. [02/10/09]