DSME Shandong Company Limited (DSSC) stands at the forefront of the shipbuilding industry, nestled in the scenic seaside town of Yantai, located within the bounds of the Yantai Economic and Technical Development Zone. Originating in 2005 as a solo project by Daewoo Shipbuilding & Marine Engineering (DSME), DSSC has climbed the ladder of success, benefiting immensely from DSME's strategy of global network expansion, to position itself as a titan in the shipbuilding domain. The firm is renowned for production focused on shipbuilding blocks and structures for both onshore and offshore use, with flagship offerings including offshore drilling rigs and large vessel components. With a founding capital of USD 190 million and spreading over an approximate area of 1 km², DSSC's growth trajectory has been marked by an increasing workforce, currently boasting over 3,000 employees, with ambitions to catapult this number beyond 10,000 in the years to come.
Geographical and Strategic AdvantagesOccupying a strategic spot near South Korea and Japan, the Yantai Economic and Technological Development Area serves as a prime location for DSSC, drawing significant benefits from its proximity to major Korean corporations, along with strong policy and administrative support from the government. This location is integral to China's maritime strategy and plays a vital role in the “Belt and Road” initiative. The enactment of the China-South Korea Free Trade Agreement has further propelled DSSC into new markets, offering enhanced prospects for business growth. Committed to seizing these opportunities and deepening its collaborative efforts, DSSC is on a steadfast path to amplifying its presence and efficacy in the shipbuilding industry, leveraging its strategic positioning and extensive know-how.
