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TSC Group sets up jv in Jiangsu

Hong Kong-listed TSC Group has announced that has announced that its wholly owned subsidiary TSC (Qingdao) Manufacture Co and Jianhu Nuopu Machinery have agreed to establish a joint venture TSC (Yangcheng) Manufacture Co in Jianhu county, Yancheng City, Jiangsu.

TSC and Jianhu Nuopu will occupy 90% and 10% equity shares in the jv respectively.

The jv will mainly produce petroleum equipment and provide technical services in the oil and gas industry.

TSC said the jv indicates that the group has officially enters into the area of producing well control equipment and wellhead devices, which is conducive to extending the group’s products chain and is complementary to the offshore equipment, MRO supplies and MRO services businesses.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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