China Ocean Industry takes over Nantong Huakai Heavy Industry

China Ocean Industry takes over Nantong Huakai Heavy Industry

China shipbuilder China Ocean Industry has announced that it has entered an agreement to acquire Nantong Huakai Heavy Industry for around RMB270m ($39.3m).

Huakai Heavy Industry is principally engaged in manufacture of steel structures and fittings for ships, marine equipment, mining equipment and ro-ro equipment.

China Ocean Industry said the acquisition will bring in an excellent shipbuilding management and operations team with extensive experience to the group which will improve the product quality and productivity of the company’s existing shipbuilding business.

China Ocean Industry currently operates subsidiary yard Jiangzhou Union Shipbuilding.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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