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ZPMC snaps up Friede Goldman

Shanghai Zhenhua Heavy Industry’s (ZPMC) parent company China Communication Construction is set to expand its offshore construction ability after buying a 100% stake in rig designer Friede Goldman United for $125 million.

An artist's impression of the West Sirius semi-submersible drilling rig: which was designed by Friede & Goldman
An artist's impression of the West Sirius semi-submersible drilling rig: which was designed by Friede & Goldman
  • Damon Evans
Published 11 August 2010, 02:12Updated 10 July 2012, 06:21
Asia & Oceania