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Yangzijiang Shipbuilding ups interest in steel fabrication

Steel News - Published on Mon, 19 Nov 2012

It is reported that Singapore listed Yangzijiang Shipbuilding is spending CNY 12 million to boost its steel fabrication volumes as it continues to diversify from its core shipbuilding business during the slump.

It has created a new subsidiary Jiangsu Zhuoran Yangzijiang Energy Equipment and two other firms namely Shanghai Zhuoran Engineering and Zhuoran Jinjiang Equipment Manufacturing have paid CNY 9 million each for a 30% stake in the start up.

Yangzijiang officials said that \"The investment is in line with the group\'s strategy to diversify its offering beyond its core shipbuilding business and it can supplement the existing group\'s business positively.\"

Source - Sino Ship News

(www.steelguru.com)

Posted By : admin on Mon, 19 Nov 2012
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