rongsheng north america inc factory

Rongsheng Machinery Manufacture Ltd of Huabei Oilfield, Hebei, which was founded in 1976, has now been an internationally famous comprehensive petroleum machinery manufacturer, and has grown to be the largest manufacturer and dealer of land-use BOPs.

The company products include BOPs, BOP control system, choke and kill manifolds, snubbing equipment, mud pump, wellhead equipment and Christmas tree, pumping units, tubing and drill pipe joint, etc, which have all passed certification by American Petroleum Institute (API). Four categories out of these products, namely BOPs, BOP control system, choke and kill manifolds and mud pumps, have passed certification of GOST and RTN in Russia.

NOTE: Rongsheng North America, Inc. is the only legal subsidiary of Rongsheng Machinery Manufacture Ltd. in the United States which is authorized to sell "HRSB" brand products including BOP"s, Mud Pumps and Well Heads.

The information contained in this company profile is compiled from third party sources, including but not limited to public records, user submissions, and other commercially available data sources. These sources may not be accurate, complete, or up-to-date.

HONG KONG (Reuters) - Shares in China Rongsheng Heavy Industries Group Holdings Ltdtumbled 16 percent on Monday after the U.S. securities regulator accused a company controlled by the shipbuilder"s chairman of insider trading ahead of China"s CNOOC Ltd"sbid for Canadian oil company Nexen Inc.Labourers work at a Rongsheng Heavy Industries shipyard in Nantong, Jiangsu province May 21, 2012. REUTERS/Aly Song

The U.S. Securities and Exchange Commission filed a complaint in a U.S. court on Friday against a company controlled by Rongsheng Chairman Zhang Zhirong, and other traders, accusing them of making more than $13 million (8.2 million pounds) from insider trading ahead of CNOOC’s $15.1 billion bid for Nexen.

“The news around the chairman comes on the back of other operational and credibility issues,” Barclays said in a note to clients. “We think China Rongsheng presents significant company-specific risk.”

In a filing with the Hong Kong stock exchange, Rongsheng - which entered a strategic cooperation agreement with CNOOC in 2010 - said it did not expect the U.S. investigation to affect its operations. It said Zhang did not have an executive role in the company.

Rongsheng, controlled by Zhang, also issued a profit warning on Monday, saying first-half earnings would fall sharply as a result of the shipbuilding downturn.

“Since weak earnings had been expected and the stock had already come down quite a bit, the early selling was mainly triggered by the insider trading probe,” said Steven Leung, a director at UOB Kay Hian.

Zhang was ranked the 22th richest Chinese person by Forbes Magazine in September 2011. But his net worth fell by more than half in the past year to $2.6 billion in March 2012 as shares of Rongsheng tumbled.

The unnamed Singapore traders used accounts in the names of Phillip Securities and Citibank C.N, while Well Advantage made its trades through accounts held at UBS Securities and Citigroup Global Markets. Neither of the Well Advantage accounts had traded Nexen shares since January 2012, and the Citigroup account had been completely dormant for over six months, the SEC says.

Zhejiang Rongsheng Paper Industry Holding Co., Ltd. is one of the leading packaging board manufacturers in China. The company is located in Pinghu City, Zhejiang Province, China and was founded in 1980. Rongsheng Paper, with a paper capacity of 600,000 t/year, produces kraftliner, high-strength corrugated paper and coreboard .

Their PM 8 recently underwent a successful rebuild. A Bellmer TurboPress Shoe Press now replaces the original jumbo roll press at the second press nip. Zhejiang Rongsheng Paper opted for new shoe press innovation technology in the TurboPress. The special shoe design ensures a perfect line load, higher dry content, uniform CD moisture profile and maximum belt lifetime. The counter roll TurboRoll SZ with hydrostatic line load runs smoothly and requires little maintenance. The load at the edges can be adjusted separately to the moisture profile.

Since commissioning, the TurboPress has been running smoothly and the dry content after the press section exceeding the customer’s expectations. Steam consumption is 10 – 20 % lower compared to conventional jumbo roller presses.

Dongguan Rongsheng Garment Co., Ltd. can provide best quality Apparel & Garments and many more China Women dresses, blouses, jackets, pants, t shirts products, as they are a well-known Manufacturer. The factory of Dongguan Rongsheng Garment Co., Ltd. is sited in No.555, Liansheng Road North, Humen Town Dongguan Guangdong *** China. Dongguan Rongsheng Garment Co., Ltd. is a finest firm positioned in China. Dongguan Rongsheng Garment Co., Ltd. Description Name: Mr. Joe Xie