MHI-MME signs license agreement with Chinese propeller manufacturer

Shanghai: Mitsubishi Heavy Industries Marine Machinery & Engine (MHI-MME), an affiliate company of Japan’s Mitsubishi Heavy Industries (MHI), has concluded a licensing agreement with Changzhou Zhonghai Marine Propeller Co (CZZH) under which MHI-MME will provide CZZH the manufacturing and marketing rights to its marine propellers.

MHI-MME has previously licensed a variety of its marine machinery to Chinese companies – including 2-stroke low-speed engines, marine auxiliary boilers, marine turbines and steering gears, but the newly concluded agreement marks the first time the company will be licensing its propellers.

CZZH said it is looking to respond to the Chinese market's demand for high-performance propellers with fully integrated capabilities from design through manufacture, and MHI-MME is seeking to achieve expanded penetration of Mitsubishi branded propellers in the fast-growing Chinese market for marine products. [23/10/14]

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