Yangzijiang Group And Mitsui To Establish A Shipbuilding Joint Venture

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.

MES & Mitsui _shipbuilding JV — 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.

MES and mitsui — 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

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