Spring 2017

Diving into the Chinese market

JFD’s newly formed joint venture with a Chinese diving equipment company has landed its first major contract

Late last year, JFD finalised details on an exciting joint venture with diving equipment manufacturer Wuhu Diving Equipment Factory, to form a company called Wuhu Divex Diving Systems Ltd.

As both partners have extensive track records of designing, manufacturing and installing diving systems, the new joint venture was created to provide a strengthened offering to the Chinese market and shipyards.

Now that vision has become a reality in the form of a new saturation diving system contract – a mobile 300m saturation diving system for Shanghai Salvage Company (SSC) which is one of the biggest professional salvage companies in China.

‘JFD has enjoyed a ten year partnership with SSC and we are delighted that this partnership is continuing through our new joint venture with Wuhu,’ says JFD managing director Giovanni Corbetta, ‘This partnership will allow access to greater resources in China providing a stronger portfolio and capability.’

As a subsidiary of SSC, Wuhu specialises in commercial diving systems for the domestic Chinese market, however, the link with JFD gives the team access to the design and manufacture of deeper saturation diving systems.

JFD Asia Pacific director, Doug Austin explains:

‘In the last ten years the two companies have worked closely together on projects, with JFD providing the design and outfitting expertise and Wuhu providing manufacturing capability.

'However, when SSC identified its need for new deep diving saturation systems, the joint venture was formed and although it is contracted to provide a saturation system for the parent company, it is well positioned to provide deep diving capability to the growing Chinese market, as well as systems to new diving support vessels being built in Chinese yards for global markets.’

Further information

You can read the full press release here: JFD and Wuhu Diving Equipment Factory JV secures 1st sat diving system contract.

And you can also find out about another recent contract JFD won with Shanghai Salvage here: JFD secures multi-million pound saturation diving system contract.

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