Namura absorbs Imari steel arm ahead of shipbuilding expansion

Japan's Namura Shipbuilding is absorbing its wholly owned Imari Steel Center as the shipbuilder moves to tighten control of production ahead of a major expansion of its newbuilding business. The Osaka-listed builder has approved the merger, with the transaction scheduled to take effect on April 1, 2027. Namura will remain the surviving company and Imari…