KAWASAKI SHIPBUILDING EXPANDING IN CHINA
AsiaInfo Services, March, 2007
AsiaInfo Services 03-07-2007 Kawasaki Shipbuilding Expanding in China NANTONG, Mar 07, 2007 (SinoCast via COMTEX) -- Kawasaki Shipbuilding Corporation, a Japanese shipmaker under the aegis of Kawasaki Heavy Industries Ltd., is expanding in China in a bid to strengthen its comprehensive competitiveness, said a source on March 5. It invests JPY 30 billion to drive up the production capacity of Nantong COSCO KHI Ship Engineering Co., Ltd.
(NACKS), a 50-50 joint venture in the eastern Chinese province between Jiangsu between Kawasaki Shipbuilding Corporation and China Ocean Shipping (Group) Company. NACKS' production capacity is expected to go up to 2.6 million tons in 2010 from 1.3 million tons in 2006. The number of employees will also increase to 3,000 from...
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