Rolls Royce Factory to Serve Equipment to Yards

Thursday, November 03, 2005
Rolls Royce has opened a new factory in Shanghai, China, to serve the world’s largest commercial shipbuilding market. Together with an existing facility in Korea, the factory forms a new production hub for north-east Asia enabling the company to supply shipyards with marine equipment at the point of manufacture – and open up new markets in the process. The Asian shipbuilding market is currently worth £19 billion annually and accounts for around 80 percent of all global construction. In 2004 new orders and deliveries reached record levels. Marine President Saul Lanyado, who officially opened the site yesterday, said: “This is a very exciting development for us and it opens up real opportunities to expand our business in Asia. This new factory will enable us to increase our market share and increase our volume of production, serving shipyards in China and Asia faster and more competitively than before. “The factory provides a long-term platform for expanding our operations here, and with our factory in Korea, it will act as a hub for the Asian marketplace” Deputy General Secretary Chen Changyu, of the China Association of National Shipbuilding Industry, said: “We are very pleased to see Rolls-Royce, a world leading company, establishing this new facility in Shanghai, it is a further demonstration of the company’s strong presence in China, and it will further strengthen cooperation with Chinese industry." Employing 75 people, and set to employ up to 150 by the middle of next year, the 9,000 square metre facility is the company’s largest investment in China to date. The equipment produced or assembled there includes tunnel thrusters, rudders, control and steering systems and deck machinery. Rolls-Royce is no stranger to doing business in China. The company has offices in Beijing, Shanghai, Dalian and Hong Kong and supplies aero engines to ten Chinese airlines. The company was also recently awarded a contract to provide pipeline compression equipment for the West East China Gas Pipeline Project.
Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Standard Chartered Private Equity invests $ 75 mi in Topaz

Topaz Energy and Marine (“Topaz”), a leading offshore support vessel company with primary operations in the Caspian, Middle East, West Africa and Subsea operations

Prosafe Q2 Earnings Below Expectations

Offshore accommodation rig provider Prosafe reported second-quarter earnings below expectations on Thursday and said that its short-term market outlook is weaker

'Double Jeopardy – Trial by Media, Trial by Law' London Opening

BIMCO notes that the highly acclaimed "Double Jeopardy - trial by media, trial by law" first showcased at the BIMCO AGM in Dubai earlier this year is to be brought

Shipbuilding

Week's Ocean-Going Shipbuilding Orders Sparse

Despite some media reports of more significant ordering, there is only one firm shipbuilding order to report in the drybulk sector, according to the latest Clarkson Hellas S&P Weekly Bulletin,

DSME Gets UK Shipyard Consulting Contract

S. Korea's DSME says it is to provide naval vessel production and management consulting services for British defense company BAE. Under the terms of the agreement,

Two MacGregor Subsea Cranes Ordered for Chinese PSVs

MacGregor, part of Cargotec, has secured a new contract from Chinese shipbuilder, Fujian Mawei Shipbuilding Ltd., for two 100-metric-ton active heave-compensated subsea MacGregor cranes.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Offshore Oil Port Authority Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3072 sec (3 req/sec)