Kongsberg and Zhenjiang Form New JV
Kongsberg Maritime has formed a new joint venture with the Chinese company Zhenjiang Marine Electrical Appliances. The new company, Kongsberg Maritime China Zhenjiang Ltd., is focused on the delivery of electrical control & distribution units to the marine industry.Zhenjiang Marine Electrical Appliances specializes in electrical equipment for commercial and naval ships, such as low-voltage switchboards, bridge consoles, multiform control cabinets, dry transformers and battery charger/UPS power devices. In addition, the company supplies navigation-aid apparatus such as navigation light/signal light controller, whistle controller, emergency telegraph and combined audio/light alarm systems. Zhenjiang Marine Electrical Appliances' product range will constitute a valuable addition to Kongsberg Maritime's existing portfolio, providing an entry into new areas of the Chinese market through the possibility of delivering more complete packages of integrated systems. The major shareholder and President of Marine Electrical Appliances, Wu expects that joining forces with Kongsberg Maritime will provide increased possibilities world wide.