Major expansion in Chinese crane production for TTS

摘要

Norwegian crane builder TTS Marine ASA has announced it plans to take a major step into China's rapidly growing shipbuilding sector with an agreement to form a new joint venture in northern China, In a deal with Dalian New Shipbuilding Heavy Industry Co, TTS, based in Bergen, has agreed to establish TTS Bo Hai Co Ltd, a 50:50-owned joint business to manufacture a wide range of cranes for Chinese shipyards. In addition, the Norwegian company plans this year to double the 60 cranes currently produced at its existing Chinese subsidiary, TTS Marine Shanghai Co Ltd, in Shanghai, Sales there will now be concentrated on export to other Asian shipbuilding markets.