Maritime equipment joint-venture founded in Vietnam

VNGOVNet – A signing ceremony was carried out on March 6 in Hanoi to establish the Macgregor-Vinashin Maritime Equipment Limited Liability Company between Macgregor Group (Finland) and the Vietnam Shipping Industry Corporation (Vinashin). This will be the biggest joint-venture of its kind in Southeast Asia, specializing in manufacturing maritime devices and equipment in Vietnam.

March 07, 2007 11:06 AM GMT+7

Photo: VNGOVNet

The Company will make hatch covers, cranes, Ro-ro equipment, and container fastening devices with a productivity of 16,000 tons per year and the total investment of US$ 16,300,000 in stage I and 25,000 tons per year and US$ 30 million respectively in stage II. Its products will become supplies for shipbuilding factories in Vietnam and also for export.

It is reported that Macgregor Group is holding 60% of the world’s market share. Vietnam is the first country in which Macgregor decides to found a joint-venture. The cooperation between Vinashin and Macgregor is expected to considerably help Vietnam’s shipping industry to have a sustainable development and catch up other advanced ship-builders in the region and the world.

By Nguyên Hồ