Shanghai MHI Begin Diesel Engine Production

Press Release
Monday, March 11, 2013

Shanghai MHI Engine Co., jointly established by Mitsubishi Heavy Industries, Ltd. (MHI) & Shanghai Diesel Engine Co. (SDEC) now manufacturing.

Shanghai MHI Engine was established this February based on a JV agreement signed in March last year between MHI and SDEC. The JV is capitalized at 200 million yuan (approx. 3 billion yen), with ownership divided equally between the two companies. It manufactures industrial-use diesel engines with power outputs in the 500 to 1,600 kW range under a manufacturing and marketing license from MHI. Leveraging MHI's advanced technology in industrial-use diesel engines and SDEC's vast domestic networks in procurement, marketing and after-sale services, the JV targets annual sales of 10 billion yen within several years and intends to boost this figure eventually to 20 billion yen.



SDEC is one of China's leading diesel engine manufacturers and an affiliate of SAIC, the country's largest automaker. SDEC's 100 to 500 kW high-speed diesel engines for construction machinery, power generation and marine use hold a large share of the domestic market. 

MHI has for some time been seeking to build up its share in the rapidly expanding Chinese market, while SDEC has been looking to launch full-scale entry into the market for industrial-use diesel engines with outputs above 500 kW. The JV commenced operation to fulfill the intentions of both companies. In tandem with SDEC, MHI will provide support to get the JV's business on track quickly.


In China, besides a rapidly growing diesel engine market, distributed power generation using more environmentally friendly natural gas as fuel is also expected to expand. However, because the Chinese authorities require a high level of local content for participation in this market, local production is indispensable. The new JV is also intending eventually to enter the gas engine market, and plans call for aggressive pursuit of new market opportunities of this kind, targeting further expansion of its presence in the Chinese market.
 

Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Technology

New Binding Law of The Sea Agreement Advanced

WOC Sustainable Ocean Summit (Singapore, 9-11 November 2015) Will Enable Industry to Organize its Input to this Major New Ocean Treaty Development The U.N.

Oceans Can’t Take Any more: Researchers Fear Fundamental Change

Our oceans need an immediate and substantial reduction of anthropogenic greenhouse gas emissions. If that doesn’t happen, we could see far-reaching and largely

Technip Samsung JV Wins 2 FLNG Project Contracts

The Browse project covers the realization and installation of three FLNG units to develop the Brecknock, Calliance and Torosa fields in the Browse Basin, 425 kilometers North of Broome,

Marine Power

The Submarine Electricity Transmission Market Is Expected to Reach $25 Billion in 2024

According to a new report from Navigant Research, the global submarine electricity transmission market is expected to grow from $16.8 billion in 2015 to $24.8 billion in 2024.

Port Gothenburg Offering LNG

Ships running on liquefied natural gas (LNG) are going to be able to bunker at the Port of Gothenburg, as new regulations for LNG bunkering have been introduced

Firefighting Vessel Delivered to the US Army

New Orleans based maritime solutions company Technology Associates, Inc. (TAI) informs it has completed its contract for the design and construction of a fast response

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Port Authority Salvage Ship Repair Shipbuilding / Vessel Construction 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: 0.1172 sec (9 req/sec)