Yangzijiang Shipbuilding Group and Mitsui to establish Shipbuilding JV

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Mitsui E&S Shipbuilding in partnership with Yangzijiang Shipbuilding and Mitsui & Co., has entered into a shareholders’ agreement to establish a new joint venture 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.

Sea News, October 12

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