I.M. Skaugen ASA (IMSK) has entered into a new Equity Joint Venture (EJV) in China with Zhangjiagang Shenghui Chemical Machinery Co., Ltd (ZSHCM), a maker of steel vessels and structures for refinery and petrochemical production facilities. The Company is located in Zhangjiagang city, in the Jiangsu Province, about two hours northeast of Shanghai.