Jun 19, 2014

Mitsubishi Materials bets on U.S. to up cement profit

Mitsubishi Materials Corp., the nation’s second-biggest cement maker, plans to reopen its U.S. import terminal for the first time in seven years and seek acquisitions to expand in the world’s biggest economy. The company is preparing to restart its terminal in California’s Long Beach ...

Contractors feeling impact of 'Abenomics'

Apr 30, 2014

Contractors feeling impact of 'Abenomics'

by Katsuyo Kuwako and Emi Urabe

The construction industry is raising wages and selling bonds as Prime Minister Shinzo Abe’s stimulus policies cause labor shortages and a need for funds. Obayashi Corp., the country’s second-largest contractor by market value, raised ¥10 billion in a sale last Friday of five-year bonds ...

Apr 1, 2014

Builders aim to double skilled female workers

The Japan Federation of Construction Contractors wants to double the number of skilled female construction workers to some 180,000 within the next five years to help ease the industry’s labor shortage. Construction demand is expected to continue growing on the back of the Tokyo ...