MHI Licenses Marine Deck Crane Technology to SPP Machine Tech of

MHI Licenses Marine Deck Crane Technology to SPP Machine Tech of Korea 
Aiming at Further Expansion of Global Market Share 
Tokyo, Jan 28, 2013 - (JCN Newswire) -  Mitsubishi Heavy Industries, Ltd. (MHI)
has signed an agreement with SPP Machine Tech Co., Ltd., a marine machinery
manufacturer in Korea, under which MHI is to license production and marketing
of marine deck cranes. With this initiative, MHI aims at accelerating market
penetration of MHI technology-based marine deck cranes in Korea, a shipbuilding
superpower. Earlier, MHI licensed the technology to Jiangsu Masada Heavy
Industries Co, Ltd. in China, in 2008. Through licensing to these two major
shipbuilding nations, MHI looks to further expand its share in the global deck
crane market. 
The deck cranes to be licensed are two models, currently on the market, having
a 36-ton hoisting capacity and a working radius of up to 26 and 28 meters,
respectively. MHI will supply components for the cranes, including hydraulic
machinery, to SPP Machine Tech. 
Marine deck cranes are located on the decks of cargo ships and are used for
loading and unloading of cargo. 
MHI presently enjoys the largest share, 40%, of the Japanese market. For some
time the company has been looking for a way to effectively penetrate into
Korea's huge shipbuilding market. Meanwhile SPP Machine Tech, which had
been licensed from a European manufacturer, was seeking to enhance its deck
crane portfolio through the addition of more competitive machines by switching
to technology licensing from MHI. The intentions of the two companies thus
meshed and led to the conclusion of the licensing agreement. 
SPP Machine Tech was established in 1988 as an affiliate of SPP Group, a major
shipbuilding and marine machinery company in Korea. Besides deck cranes, which
account for roughly half of total sales, SPP Machine Tech manufactures land-use
goliath gantry cranes, marine boilers, rudders and other products. The company
has approximately 300 employees. In the SPP Group, SPP Shipbuilding Co., Ltd.,
a core company of the Group, builds bulk carriers that use deck cranes as one
of its major products. 
Going forward MHI will maintain and further develop its solid collaborative
relationship with SPP Machine Tech, and it also looks to promote further
penetration of MHI's marine deck cranes in the global market. 
About Mitsubishi Heavy Industries 
Mitsubishi Heavy Industries, Ltd. (MHI), headquartered in Tokyo, Japan, is one
of the world's leading heavy machinery manufacturers, with consolidated
sales of 2,820.9 billion yen in fiscal 2011, the year ended March 31, 2012.
MHI's diverse lineup of products and services encompasses shipbuilding,
power plants, chemical plants, environmental equipment, steel structures,
industrial and general machinery, aircraft, space rocketry and air-conditioning
systems. For more information, please visit the MHI website at 
Mitsubishi Heavy Industries
Hideo Ikuno
Copyright 2013 JCN Newswire. All rights reserved. 
Provider ID: 00026154
Press spacebar to pause and continue. Press esc to stop.