Rainbow sets up marine engineering subsidiary

Shanghai: Nantong-based Jiangsu Rainbow Heavy Industries plans to set up a wholly-owned marine engineering subsidiary in Shanghai.The new arm will be engaged in the design of ships, port and offshore engineering, technical support, equipment sales and related business.

“The Shanghai office will improve the company’s development and design ability on marine engineering and better explore relevant markets,” Rainbow said in a statement. [25/09/14]

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