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NISSHO IWAI-NICHIMEN TO CONSOLIDATE ADMINISTRATIVE FIRMS.

AsiaPulse News

| July 01, 2003 | COPYRIGHT 2003 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

TOKYO, July 1 Asia Pulse - Nissho Iwai-Nichimen Holdings Corp. (TSE:2768) will consolidate into a single firm on July 1 four administrative subsidiaries that Nichimen Corp. and Nissho Iwai Corp. own separately.

The consolidation will allow for a reduction in administrative personnel and aid in boosting efficiency.

The new company will combine three units ...

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