Independent journal on economy and transport policy
15:13 GMT+2
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Joint venture Mitsubishi Heavy Industries - Shanghai Diesel Engine Co. for the production and commercialization of diesel engines in China
the new society will have center to Shanghai
April 30, 2012
The Japanese group Mitsubishi Heavy Industries (MHOS) has signed an agreement with the Chinese Shanghai Diesel Engine Co. (SDEC) with the scope to constitute joint venture Shanghai MHOS Engine Co. Ltd., society that will produce and commercialize diesel engines for industrial use in China.
The new company, that it will have center to Shanghai, will have a share capital of 200 million yuan (about 2,5 billion yen) and will be participated jointly by MHOS and SDEC. Economic objective of the Shanghai MHOS Engine Co. it will be to realize a annual turnover of ten billions of yen in the first years of activity in order to go up successively to 20 billion yen. Joint venture will produce and commercialize engines of the power of 500-1.600 kW within a licence which released from MHOS.
Shanghai Diesel Engine Co., that it has about 3.300 dependent, produces mainly fast engines of 100-500 kW destined to the fields of the constructions, the energy and the marine transport.
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