ZF Establishes Joint Venture in China

Wednesday, June 21, 2006
At the headquarters of ZF Friedrichshafen AG, the management of ZF and of Nanjing Highspeed & Accurate Gear (Group) Co. Ltd. (NGC) signed a contract to establish the ZF Nanjing Marine Propulsion Co. Ltd. (ZF-NMP). The company will be based in Nanjing, P.R. China, owned 60 percent by ZF (China) Investment Co. Ltd., Shanghai (a subsidiary of ZF Friedrichshafen AG) and 40 percent by NGC. The new company will assemble and market ZF Marine’s range of heavy duty transmissions for application in workboats and ocean-going commercial vessels powered by engines up to 18,500 hp. The ZF-NMP factory building is currently under construction and assembly of transmissions will commence in the near future, after all governmental permissions have been received. The formation of this Joint Venture is in line with ZF Marine’s strategic plan to expand activities with new products in new markets. Since 1999, expansion into the workboat/commercial marine market has been a high priority. This new Joint Venture will allow ZF to fill in product gaps in this important segment.

People & Company News

MN100: Klüber Lubrication NA LP

The Company: Klüber Lubrication is one of the world’s leading manufacturers of specialty lubricants, offering high-end tribological solutions to virtually all industries and markets worldwide.

Grand Bahama Shipyard Adds Four Executives

Grand Bahama Shipyard Limited (GBSL), a Caribbean shipyard providing retrofit, refurbishment and revitalization to cruise and commercial vessels, has added four

MN100: Voith Turbo

The Company: Voith Turbo specializes in the design, manufacture and servicing of high performance driveline equipment. From drive components to electronic drive systems,

Casualties

Fire-stricken Ferry Moored Safely

The fire aboard the passenger vessel ferry Caribbean Fantasy has been extinguished, and the vessel has been moored safely at Pier 15 in San Juan Harbor, the U.S.

Boat Sinks in Indonesia: 10 dead, 5 missing

Ten people have drowned while five are still missing after a wooden boat carrying 17 people capsized in the province of Riau Islands on Sunday morning, reports the Jakarta Post.

500 Passengers Abandon Burning Ship In Caribbean Sea

More than 500 passengers and crew evacuated from burning Caribbean Fantasy, a combination cruise and ferry ship, about a mile off Puerto Rico’s north coast Wednesday,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Pod Propulsion Port Authority Ship Electronics Sonar
rss | archive | history | articles | privacy | 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: 0.1847 sec (5 req/sec)