Hitachi Zosen and Kawasaki Heavy to establish new TBM company

Hitachi Zosen and Kawasaki Heavy Industries signed a basic agreement to establish a new company for their tunnel boring machine (TBM) business, with the new company targeted to be established in October 2021.

“The preparatory committee established today by the two companies will take the lead in discussions toward the establishment of a new company in October 2021.”kanadevia.com

• 2 sources
• kanadevia.comBasic agreement concluded on the establishment of a new company for the Tunnel Boring Machine (TBM) business | Kanadevia CorporationJan 27, 2021
• kanadevia.comシールドマシン事業の新会社設立に関する基本合意書の締結について | カナデビア株式会社Jan 27, 2021

Summarized from public sources; check the original articles before acting on it.