With the conclusion of this agreement, Jiangsu Masada plans to start manufacturing METTurbochargers in 2025, focusing principally on assembly, and gradually expanding to full-scaleproduction including processes other than assembly. MHl-MME's aim with this licensingagreement is to further penetrate the Chinese market with high-quality products and services.

Jiangsu Masada has a long relationship with MHl Group, and has previously concludedlicensing agreements for deck cranes in 20o8, and steering gears and deck machinery in 2012.At present, Jiangsu Masada is a leading manufacturer of marine machinery, boasting thelargest share in the Chinese market for deck cranes, deck machinery, and steering gears.
MHl-MME developed the world's first non-water cooled turbocharger, the forerunner of theMET series, in 1g65. High-efficiency, high-capacity models have since been added to thelineup, and today MET Turbochargers are one of the global standards for exhaust gas turbinetypes. Total cumulative production volume of MET Turbochargers has now reached 45.0oounits, accounting for more than 40%(Note) of the global market (in fiscal 2023) for units used inmarine two-stroke engines.
Going forward, MH|-MME will continue to maintain and develop a positive cooperativerelationship with Jiangsu Masada, and further proactively develop and market MHl brandmarine machinery.

Source: MHI-MME
https://www.hellenicshippingnews.com/mhi-mme-licenses-manufacturing-and-sale-of-met-turbochargers-to-leading-chinese-marine-machinery-manufacturer/