ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Companies

Chiyoda seeks lifeline as US plant project spawns steep loss

Japanese builder in rescue talks with top shareholder Mitsubishi

Chiyoda's LNG project in the U.S. state of Louisiana faced a sudden sharp rise in labor costs.
Chiyoda's LNG project in the U.S. state of Louisiana faced a sudden surge in labor costs.

TOKYO -- Japanese plant engineering company Chiyoda on Friday projected a net loss of 105 billion yen ($923 million) for the year through March owing to a heavily-delayed U.S. liquefied natural gas plant and said it was discussing financial support with leading shareholder Mitsubishi Corp.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more