Merger is one of the proven business propositions wherein the partners mutually benefit in terms of economies of scale and scope. On December 13, two wholly owned key companies of NYK agreed to merge; they are NYK-Hinode Line Limited and NYK Global Bulk Corporation. Hinode has been in the business for over a century of transport. It transported heavy equipments and plants. NYK Global Bulk Corporation has special expertise in dealing with Handy bulk carriers. The two companies decided to merge to make use of the synergy of the merger, rendering their service more efficient. They want to exploit the business acumen of the NYK Group as well. As NYK Group claims, it “strives to support people’s daily lives by carefully transporting the value attached to each individual cargo and resultantly contributing to the creation of a prosperous society”.
The date of the proposed merger will be decided in March 2013 and the merger is likely to become operational from October 2013.
A bargain is a bargain and it is never too late for a good deed.
The date of the proposed merger will be decided in March 2013 and the merger is likely to become operational from October 2013.
A bargain is a bargain and it is never too late for a good deed.
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