Mitsubishi Heavy Industries, Ltd (MHI) has signed an agreement with Jiangsu Masada Heavy Industries Co,Ltd, in Jiangsu Province, China, under which MHI is to license production and marketing of steering gear and deck machinery based on company technology to Jiangsu Masada. Previously, in 2008 MHI licensed deck crane technology to Jiangsu Masada - then known as Nangtong Masada Ship Machinery Co., Ltd. With the latest licensing agreement Jiangsu Masada will now be able to establish a structure for providing three hydraulic marine machines in combination to its customers, a move expected to enable the company to expand its share in the rapidly growing Chinese shipbuilding market.
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