Tsuji Heavy Industries Co. plans to spend about 50 billion yen (US$472.45 million) to construct a shipyard in China's Zhejiang Province by next April, the firm's second shipbuilding facility since it entered this business in 2006.
The new shipyard, to be established on 1.6 million sq. meters of land, will be capable of annually turning out 36 midsize and large bulk cargo vessels in the 60,000- to 100,000-ton class. A local firm in the marine transport business will participate in the project.
The new shipyard, to be established on 1.6 million sq. meters of land, will be capable of annually turning out 36 midsize and large bulk cargo vessels in the 60,000- to 100,000-ton class. A local firm in the marine transport business will participate in the project.