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 March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Schlumberger Announces Q1 Results

Schlumberger Limited (NYSE:SLB) today reported first-quarter 2014 revenue from continuing operations of $11.24 billion versus $11.91 billion in the fourth quarter of 2013, and $10.

Russia Ships First Oil From Offshore Arctic Platform

President Vladimir Putin hailed Russia's first shipment of Arctic offshore oil on Friday, saying the platform decried by environmentalists will help Moscow expand its global energy markets share.

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

Shipbuilding

RS at SEA JAPAN 2014

Russian Maritime Register of Shipping (RS) was the only Russian company to take part in SEA JAPAN 2014 exhibition and conference – one of the major exhibitions of the maritime industry.

Reports: Brazilian Tycoon Batista Investigated For Financial Crimes

Brazils federal police have opened an investigation into former billionaire Eike Batista for financial crimes, including insider trading, manipulation of markets and money laundering,

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

 
 
Maritime Security Maritime Standards Naval Architecture Pod Propulsion Port Authority Salvage Ship Electronics Shipbuilding / Vessel Construction Sonar Winch
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: 0.1205 sec (8 req/sec)