CSIC sets up marine propulsion HQ in Qingdao

CSIC sets up marine propulsion HQ in Qingdao

Chinese shipbuilding conglomerate China Shipbuilding Industry Corporation (CSIC) has made an investment of RMB3.828bn ($215m) to establish CSIC Marine Diesel Engine in Qingdao, as the headquarters for its marine propulsion assets.

The headquarter will combine functions of research and development, manufacturing, sales and after sales services for CSIC’s propulsion business.

CSIC has been integrating its marine propulsion assets since last year, integrating the assets of Yichang Marine Diesel Engine, Dalian Marine Diesel Engine and Qingdao Haixi Marine Diesel. CSIC also plans to integrate its medium speed and high speed marine engine manufacturer Shaanxi Diesel Engine Heavy Industry and Henan Diesel Engine Industry into the new platform.

CSIC aims to lower procurement and manufacturing costs and enhance the overall competitiveness of its propulsion assets through the internal restructuring.

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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