AVIC sets up jv in Singapore

Beijing: Chinese company AVIC International Maritime Holding announced that its wholly-owned subsidiary, Kaixin Industrial, has incorporated a jv with Deltamarin in Singapore.

The incorporation of the new jv Delta-AVIC is funded through the company’s internal resources.

The major activities of Delta-AVIC are to provide engineering, procurement and construction services for marine, oil and gas industry, the company said in a statement.
 
AVIC bought out the Scandinavian design firm Deltamarin in 2012. [19/02/14]

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