Yangzijiang Shipbuilding acquires 866,671 sqm land in Jiangsu Province, China, for a new clean energy ship manufacturing base, investing RMB3 billion over 2 years.
Yangzijiang Shipbuilding is acquiring 866,671 sqm of land in Jiangsu Province, China, to establish a new clean energy ship manufacturing base. The company has entered into a framework agreement with the local government of Jingjiang City, located adjacent to Yangzijiang's existing Jiangsu Yangzi Xinfu Shipbuilding co. The group plans to invest about RMB3 billion ($550 million) in capital expenditures over the next two years to complete this project, with long-term prospects of liquid natural gas and other clean energy vessels in mind.
July 15, 2024
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