MHI Licenses Marine Deck Crane Technology to STX Construction (D

MHI Licenses Marine Deck Crane Technology to STX Construction (Dalian), Aiming
at Further Expansion of Global Market Share 
Tokyo, Mar 28, 2013 - (JCN Newswire) -  Mitsubishi Heavy Industries, Ltd. (MHI)
has signed an agreement with STX Construction (Dalian) Co., Ltd., of Dalian,
China - a group company of STX Corporation, a major Korean shipbuilder - under
which MHI will license production and marketing of marine deck cranes. Through
licensing to a company in the STX group, which has shipyards in Korea, China
and Europe, MHI aims to accelerate global market penetration of its
technology-based marine deck cranes. 
Earlier, MHI licensed the technology to Jiangsu Masada Heavy Industries Co,
Ltd. of China in 2008 and to SPP Machine Tech Co., Ltd. of Korea in January
The deck cranes to be licensed are two models, currently on the market, having
a 30-ton hoisting capacity and a working radius of up to 26 and 28 meters,
respectively. MHI will supply STX Construction (Dalian) with components for the
cranes, including hydraulic machinery. 
Marine deck cranes are located on the decks of cargo ships and are used for
cargo loading and unloading. 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 the shipyards of the STX group, a major player in
Korea, a shipbuilding superpower. Meanwhile STX Construction (Dalian) has been
seeking to enhance its deck crane portfolio through the addition of competitive
machines. The intentions of the two companies thus meshed and led to the
conclusion of the licensing agreement. 
STX Group is a conglomerate headquartered in South Gyeongsang Province. The
group's main business is shipbuilding, with shipyards not only in Korea
but also in Dalian and in Europe. The main business purpose of STX Construction
(Dalian), established in 2006, is architectural projects like residential
building and vacation village etc; complete equipment project like crane, steel
structure, pipe pile and plant mechanical production, etc and civil work
projects like bridge, road and tunnel, etc. The company has approximately 900
Going forward MHI looks to maintain and further develop its solid
collaborative relationship with the STX group, as well as to promote further
penetration of its 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
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