	taiwan builder looks for japanese ventures taiwan s state owned china building corp csbc plans to seek joint production agreements with japan and further diversify into  repairing to try to trim its debts chairman louis lo said he told reuters in an interview that csbc s first joint production venture to build two hulls for onomichi dockyard co ltd was a success talks on similar projects have been held with other japanese firms including mitsubishi heavy industries co ltd mith t and ishikawajima harima heavy industries co ltd jima t he said lo said csbc delivered the hulls of two teu twenty foot equivalent unit container s this year to onomichi which would complete production we expect the successful cooperation between us and onomichi will pave the way for further cooperation with other japanese builders in the future lo said he said japanese firms would gain from the lower cost of building in taiwan while csbc would benefit from japanese technology and marketing this would pose a challenge to competitors in europe and south korea lo said csbc has made losses of about mln u s dlrs since beginning operations in its total debt now stands at about mln dlrs with annual interest payments of nearly three mln dlrs but he said the company which is taiwan s largest builder still has full government support and had begun diversifying into  repairing and manufacture of pipes and other machinery we hope we can survive and prosper through diversification he said lo said income from  repairing almost doubled to mln u s dlrs in the year ended june compared with the previous financial year he estimated income would rise to more than mln dlrs in csbc has orders to build s totalling dead weight tons dwt this financial year compared with s of dwt in he said lo said the prospects for building were gloomy at least until due to overtonnage but the outlook for  repairing was bright reuter 
