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The economic condition has been uncertain due to the downward trend of stock market, appreciation of Japanese yen, and increasing risk of financial crisis in Europe originated from Greece. Under the severe environment, we released the “2011 Mid-term Business Plan” covering FY2011 to FY2013. Our basic idea of the 2011 Mid-term Business Plan is to prepare to win a place in the severe business environment and to strengthen our business foundation for further growth toward “creation of newly-born MES”. In this effect, we set the following main missions and promote them with their action plans:
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We foresee the market of our main business condition such as shipbuilding and marine diesel engine manufacturing will become severe during the 2011 Mid-term Business Plan period due to a gap between demand and supply caused by the increasing supply capacity in China and Korea. However, we consider the continuous economic growth of emerging countries will offer a good opportunity for our business growth and we are ready to correspond correctly and positively to them in order to achieve our business development. In this context, we will develop technical innovation concerning environment technology in the field of shipbuilding to enhance competitiveness against China and Korea. We will also expand our business other than shipbuilding such as ocean development. |
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While large scale businesses are expected off Brazil and West Africa in connection with the diversification of energy source, we will work with MODEC Inc., our subsidiary to promote businesses of FLNG, FPSO with compact GTL in those areas by utilizing synergy effect generated from FPSO construction and shipbuilding experience. In the filed of environmental energy, we expect increase in construction of petrochemical plant, steel mill, and power plant, and improvement of port facility and transportation infrastructures will be promoted in the emerging countries such as in South East Asia and BRICS. We will develop new products by adopting our environment friendly technology and will have business expansion in the area of industrial machinery, bridge, crane, EPC. We will also cultivate the market in the emerging countries aggressively by the various products of our specialty. |
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We started the construction of production facility of our own developed lithium iron phosphate material for lithium-ion battery. We will start the production of 2,100 tons per year by the end of FY2012. Furthermore, we are now carrying out verification of the bio-ethanol plant in Malaysia using empty fruit bunch (EFB) as raw material. As our new business development, we are growing NGH transport business. We will strive to the enlargement of its production plant and the development of carrier during the 2011 Mid-term Business Plan period to achieve the commercialization of NGH carrying vessel in the near future. Other than that, we now join the Feasibility Study in Tunisia for solar thermal power generation plant to realize the commercial solar thermal power plant at an early date. |
We understand that the management environment surrounding us will continue to change. We consider it is necessary to pursue our higher goal consistently in such changing environment while making an evolution to meet new environment.
We set out the catchphrase of the 2011 Mid-term Business Plan as “Do challenge, make progress for the bright future” and will strive to become an enterprise trusted by all stakeholders.
Your continued support and understanding will be much appreciated.
Yasuhiko Katoh
President, Representative Director