Greater China

CSSC diversifies into logistics

Shanghai: China State Shipbuilding Corporation (CSSC), one of the two largest shipbuilding conglomerates in China, has established a fully-controlled subsidiary CSSC Logistics Co based in Shanghai.

The new company is set up with registered funds of RMB320m and is an extension of the purchasing department of CSSC. At the opening ceremony, the company also signed strategic agreements with a number of groups including Baosteel, Shougang Group, Pan Asia Mining, Russian Energy Investment Group to strengthen co-operation in the field of international trade, finance, and logistics. [24/08/12]


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