J. Ray McDermott Signs Joint Venture Agreement to Establish New Fabrication Facility in China
McDermott International, Inc. (NYSE:MDR) (“McDermott” or the “Company”), announced today that a subsidiary of J. Ray McDermott, S.A. has entered into a joint venture with a subsidiary of state-owned China Shipbuilding Industry Corporation (“CSIC”).
The joint venture company, Qingdao McDermott Wuchuan Offshore Engineering Company Ltd. (“McDermott Wuchuan”), plans to establish a new facility on over 111 [...]