MHI to Invest $660M in Japan Shipbuilding Expansion

Mitsubishi Heavy Industries (MHI) is investing $660 million in expanding its shipbuilding capacity in Japan. The company has agreed to acquire industrial land on the artificial island of Choshu Dejima in Shimonoseki City, Yamaguchi Prefecture. This expansion is expected to increase MHI's shipbuilding capacity and create new jobs in the region.