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| | Princess Cruises : News: Mitsubishi Heavy Industries, Ltd. |
 | | In 1884, Yataro Iwasaki, the founder of Mitsubishi, took a lease of the government-owned shipyard. |
 | | This shipbuilding business was later turned into Mitsubishi Shipbuilding Co., Ltd., and was again launched as Mitsubishi Heavy-Industries, Ltd. in 1934, establishing its position as the largest private firm in Japan, manufacturing ships, heavy machinery, airplanes, and railroad cars. |
 | | Today, Mitsubishi's engineering efforts are focused on the construction of high-technology/high-quality, or high-value-added ships, fuel-efficient ships, super-modern ships, and luxury cruise ships, the last being increasingly in heavy demand. |
| www.princess.com /news/article.jsp?newsArticleId=na655&submit=pk (259 words) |
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