Mitsubishi Heavy Industries, Ltd. (MHI) signs to allow the Korean company, SPP Machine Tech, to produce & market its cranes. The deck cranes to be licensed are two models, currently on the market, having a 36-ton hoisting capacity and a working radius of up to 26 and 28 meters, respectively. MHI will supply components for the cranes, including hydraulic machinery, to SPP Machine Tech. With this initiative, MHI aims at accelerating market penetration of MHI technology-based marine deck cranes in Korea. Before this, MHI licensed the technology to Jiangsu Masada Heavy Industries Co, Ltd.