Mitsubishi Heavy Industries (MHI) licence Chinese manufacturers Jiangsu Masada Heavy Industries
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 gears and deck machinery based on company technology to Jiangsu Masada.
The steering gear and deck machinery technologies to be licensed are for small and medium-sized "under-Panamax* vessels. Hydraulic equipment to drive the machinery will be supplied by MHI.
With the addition of these products, Jiangsu Masada will become the only Chinese manufacturer able to provide products under the same brand name – Mitsubishi. The company will also be in a position to market a combination of these products as a package.
The first unit to be produced under licensing is slated for completion before year's end. Plans call for Jiangsu Masada to begin operation of a new plant having more than double the production capacity of its present factory, thus accelerating its products' market penetration.
MHI manufactured its first machine steering gear in 1935 and a mooring winch in 1962. Over the years the company has built up a solid delivery track record in both products, and they have won high acclaim from customers for their high reliability, durability and excellent response.