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Kawasaki, Mitsui To Cooperate

Maritime Activity Reports, Inc.

September 24, 1999

Kawasaki Heavy Industries Ltd. and Mitsui Engineering & Shipbuilding Co Ltd. have agreed to cooperate widely in shipbuilding to enhance their competitiveness against South Korean shipyards. The two major Japanese shipbuilders will tie up on design, material procurement and production, they said in a statement.

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