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Hitachi Zosen Corporation ( (JP:7004) ) has shared an update.
Kanadevia Corporation has reported an incident involving unqualified welding operators at its Mukaishima Works, affecting bridge and other structure projects. A special investigative committee revealed that welders without necessary qualifications were involved in about 10% of the work, impacting 172 projects. The company is taking steps to eliminate inappropriate practices and prevent recurrence, while asserting there are no immediate safety concerns.
More about Hitachi Zosen Corporation
YTD Price Performance: -2.03%
Average Trading Volume: 731,071
Technical Sentiment Consensus Rating: Hold
Current Market Cap: Yen164.5B
See more insights into 7004 stock on TipRanks’ Stock Analysis page.