China State Shipbuilding Corporation (CSSC) has penned agreements with Guangxi Zhuang Autonomous Region Government, Qinzhou Municipal Government and Guangxi Beibu Gulf Investment Group to build a new shipbuilding base in the Qinzhou City.
Up to CNY 10bn ($1.58bn) is planned to be invested for the project.
“It is an important strategic decision of the group to build large scale shipbuilding and ship repair base in Qinzhou Port which will complete the industrial layout of the group and optimize the industrial structure in Guangxi Province,” said Hu Wenming, president of CSSC.
Published : September 26, 2012
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