[Samsung Heavy Industries to shutter Ningbo plant in China] Samsung Heavy Industries to shutter Ningbo plant in China The company has been in talks with the Chinese Government to hand over assets owned by the Ningbo plant early next year. Shipbuilding company Samsung Heavy Industries (SHI) is set to close its Chinese plant in Ningbo as outdated facilities have triggered a decline in its productivity. The South Korean company has two plants in China, SHI Ningbo and SHI Rongcheng. Established in 1995, the Ningbo plant is focused on the production of ship blocks with iron structures as well as shipbuilding…