Yangzijiang Group And Mitsui To Establish A Shipbuilding Joint Venture
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Mitsui E&S Shipbuilding Co., Ltd. (“MES-SC”), in partnership with Yangzijiang Shipbuilding (Holdings), Ltd. (“YZJ”) and Mitsui & Co., Ltd. (“Mitsui”), has entered into a shareholders’ agreement to establish a new joint venture to operate a shipbuilding business.
Image Credits: mes.co.jp
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.
Image Credits: mes.co.jp
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.
Overview of the joint venture
| Location | Taicang, Jiangsu, China |
|---|---|
| Commencement of operation | April 2019 (planned) |
| Scope of business | Construction and sale of merchant vessels |
Reference: mes.co.jp
Source: Maritime Shipping News