By sharing mutual know-how and advanced measures to improve productivity, the companies will be able to further strengthen their cost competitiveness and secure a sustainable structure in the current tough market. By complementing mutual business resources ranging from production to sales, the companies will be able to respond more efficiently to larger, shorter delivery-time shipbuilding deals, while expanding new product development activities with greater options. Mutual cooperation at NKK's Tsurumi Works and Hitachi's Kanagawa Works, two closely situated shipyards in Tokyo Bay featuring a similar business scale, capacity and vessel types, will enable the companies to substantially reduce their costs and improve efficiency. Specifically, the two companies will examine potential cooperation in the areas of marketing, design, procurement and manufacturing at their five shipbuilding sites, which include NKK's Tsu and Tsurumi shipbuilding divisions and Hitachi's Ariake, Maizuru and Kanagawa shipbuilding divisions. The companies intend to draw up specific implementation plans within a year.
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