# ZPMC signs $500M port equipment contract with PSA

Shanghai Zhenhua Heavy Industries (ZPMC) signed a $500 million contract with PSA for 28 quay cranes and 78 rubber-tyred gantry cranes, and will set up a research branch in Singapore with PSA.

- Type: Contract
- Announced: 2019-04-29
- Where: Singapore, Singapore
- Value: $500.0M
- Status: announced
- Products: quay cranes, rubber-tyred gantry cranes
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [PSA Group](https://endata.com/companies/19914.md) (customer)
- [Shanghai Zhenhua Heavy Industries (ZPMC)](https://endata.com/companies/30339.md) (supplier)

## Sources

- [seatrade-maritime.com](https://www.seatrade-maritime.com/terminals/zpmc-inks-580m-in-port-equipment-contracts-with-psa-and-til), 2019-04-29: "The contracts were signed last week during the second Belt and Road Forum held in the Chinese capital Beijing."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.