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Yangzijiang Shipbuilding Group in China and Mitsui & Co., Ltd. to establish a shipbuilding joint venture

Logistic News - Published on Tue, 16 Oct 2018

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Mitsui E&S Shipbuilding Co., Ltd., in partnership with Yangzijiang Shipbuilding (Holdings), Ltd. and Mitsui & Co., Ltd., has entered into a shareholders' agreement to establish a new JV to operate a shipbuilding business. The partners plan to set up the joint venture by following the necessary procedures, including examinations. The new company will aim to build a globally competitive shipbuilding business by combining YZJ's high production capacity, Mitsui's extensive sales capabilities and MES-SC's advanced technology.

Taking advantage of its technology that has been accumulated in the 101 years since its founding, MES-SC will continue to provide new value as a manufacturing company that meets the demands of a range of customers in the ship and marine industry.

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Posted By : Joykumar Irom on Tue, 16 Oct 2018
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