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Hitachi Zosen Corporation ( (JP:7004) ) just unveiled an announcement.
Kanadevia Corporation, a company involved in manufacturing steel structures, special equipment, and operating waste management facilities, has been addressing inappropriate conduct in its operations. Following an investigation by a Special Committee, the company has identified issues beyond its marine engine business, including inadequate qualifications of welding operators. While these issues do not pose immediate safety risks, Kanadevia is taking corrective measures to restore trust and ensure compliance, although the financial impact remains undetermined.
More about Hitachi Zosen Corporation
YTD Price Performance: -5.57%
Average Trading Volume: 745,926
Technical Sentiment Signal: Buy
Current Market Cap: Yen153B
Learn more about 7004 stock on TipRanks’ Stock Analysis page.