TTS Keyon Marine Equipment Established

A venture between TTS and Keyon, the Chinese steel structure fabricator, is expected to offer significant contribution to TTS’ worldwide production capacity. The TTS Keyon Marine Equipment manufacturing facility will have a potential capacity of 35,000 tonnes of steel, employing 260 people and fabricating hatch covers, RoRo equipment and cranes. Creating a steady and continuous capacity for TTS’ European and Asian markets, the company will manufacture goods at a significant cost competitive level using TTS’ production technology and experience. Furthermore, the establishment of TTS Keyon Marine Equipment is projected to double the output of manufactured products, with the company already holding orders in excess of 20,000 tonnes of steel structures for delivery in 2008 and 2009.