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Hitachi Zosen Corporation ( (JP:7004) ) has issued an announcement.
Kanadevia Corporation has identified that unqualified welders have been involved in welding work at its Mukaishima Works, potentially affecting the integrity of bridges and other structures. This issue was discovered by a special investigative committee following previous misconduct in the marine engine business. The company is conducting further investigations and assures stakeholders that there are no immediate safety concerns, while committing to prevent future occurrences.
More about Hitachi Zosen Corporation
Kanadevia Corporation operates in the construction industry, focusing on the production of bridges and other structures. The company is listed on the Prime Market of the Tokyo Stock Exchange and is involved in various infrastructure projects.
YTD Price Performance: -9.34%
Average Trading Volume: 748,237
Technical Sentiment Consensus Rating: Buy
Current Market Cap: Yen150.5B
Find detailed analytics on 7004 stock on TipRanks’ Stock Analysis page.