Tokyo: Hitachi Zosen will set up a local joint venture company to manufacture marine diesel engines with China's Shanghai Zhouji Group (SZG). The jv will manufacture 1 million horsepower worth of diesel engines per annum at their new factory to be built in Zhoushan city in Zhejiang. Hitachi Zosen becomes the third Japanese firm to build low-speed marine diesel engines in China following Mitsui Engineering & Shipbuilding (MES) and Mitsubishi Heavy Industries (MHI). [4/9/08]
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