Hudong-Zhonghua Shipbuilding Group

Type
Business expansion
Country
Czechia
Region
Česko; Severozápad;
Location of affected unit(s)
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
30 - Manufacture of other transport equipment
30 - Manufacture of other transport equipment
1,500 jobs
Number of planned job creations
Job creation
Announcement Date
18 January 2005
Employment effect (start)
1 January 2006
Foreseen end date

Description

Hudong-Zhonghua Shipbuilding Group, the largest Chinese ship-builder has decided to set up a new joint-venture with the Czech company České loděnice (Czech shipyard) in Děčín with investment of more than one billion CZK and the creation of 500 jobs in the first stage. The first Chinese investment that has ever been in the Czech Republic will bring about 1,500 new jobs in the long-term. The production is to be focused on the river-shipbuilding.

Sources

  • 21 January 2005: Hospodárske noviny

Citation

Eurofound (2005), Hudong-Zhonghua Shipbuilding Group, Business expansion in Czechia, factsheet number 61032, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61032.