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Shagang Group establishes Jinsha Heavy Industry (Tianjin) Co., Ltd.

Shagang Group establishes Jinsha Heavy Industry (Tianjin) Co., Ltd.
On October 8, Jinsha Heavy Industry (Tianjin) Co., Ltd., a wholly owned subsidiary of the Chinese steel giant Shagang Group based in Jiangsu Province, was officially registered. The authorized capital of the new company is 70 million yuan, or 10.4 million dollars. This decision was the next step of the Shagang Group to expand its presence in the field of shipbuilding and marine engineering.

The company is classified as "production of railway transport, shipbuilding, aerospace and other transport equipment". Its activities include the construction, design, conversion and repair of ships, as well as the production of marine engineering equipment and auxiliary marine equipment.

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