rongsheng machinery manufacture ltd quotation

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 management systems have passed the certifications of ISO 9001, ISO 14001, OHSAS 18001, HSE and certification of safety and quality of machinery industry in China.

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.

Rongsheng Machinery Manufacture Ltd. of Huabei Oilfield,Hebei, which was founded in 1976, has now been an internationally famous comprehensive petroleum machinery manufacturer.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 API. The products by Rongsheng have been sold to all onshore and marine oil fields and gas fields in China and have been exported to over 40 oil producing countries such as the U.S.A., Canada and Russia,etc.

HONG KONG, July 5 (Reuters) - China Rongsheng Heavy Industries Group, China’s largest private shipbuilder, appealed for financial help from the Chinese government and big shareholders on Friday after cutting its workforce and delaying payments to suppliers.

Hours after China Rongsheng made its appeal in a filing to the Hong Kong stock exchange, where the company is listed, Beijing vowed to bring about the orderly closure of some factories in industries plagued by overcapacity.

The statement by the State Council, or cabinet, laid out broad plans to ensure banks support the kind of economic rebalancing Beijing wants as it looks to focus more on high-end manufacturing. It did not mention any specific industries or companies and there was no suggestion it was referring to Rongsheng.

China Rongsheng said it was expecting a net loss for the six months that ended June 30 from a year earlier, according to the filing. It gave no figures.

Rongsheng shares plunged 16 percent to a record low in heavy turnover on Friday, leaving its market capitalisation at just under $1 billion. The Hang Seng Index climbed 1.9 percent. China Rongsheng is down 28.2 percent on the year.

In its filing, China Rongsheng said some workers had been made redundant, although it gave no numbers or timeframe for the losses. The company did not immediately respond to requests for more information.

China Rongsheng has said it won only two shipbuilding orders worth $55.6 million last year when its target was $1.8 billion worth of contracts. This year, it received orders to build two drilling rigs used in oil exploration, worth $360 million.

By contrast, another Chinese shipbuilder, Singapore-listed Yangzijiang Shipbuilding (Holdings) Ltd, has secured total orders of $1 billion in the first half, Barclays said.

While the Chinese shipbuilding industry faced “unprecedented challenges”, China Rongsheng’s board was confident management could ease pressure on working capital in the near future and maintain normal operations, the company said in the filing.

It was coping with tightened cash flow by delaying payments to suppliers and workers, the filing added. The company denied claims suppliers had towed away machinery from its Nantong production base in eastern Jiangsu province, near Shanghai.

According to its December 2012 annual report, issued on March 26, China Rongsheng’s cash and cash equivalents fell to 2.1 billion yuan from 6.3 billion yuan a year ago.

“The group is ... actively seeking financial support from the government and the substantial shareholders of the company, and increasing its efforts in negotiations with its customers to maximise the collection of receivables,” China Rongsheng said in the filing.

A note from Macquarie Equities research said the statement highlighted the “severity” of China Rongsheng’s liquidity problems, adding this was not necessarily representative of the wider sector.

It said other listed Chinese shipyards were not as leveraged as China Rongsheng. The loan from Zhang was a surprise, it said, showing how badly the company needed cash.

“Rongsheng will need to address the problems immediately to reassure the market,” said Martin Rowe, managing director of Clarkson Asia Limited, a global shipping services provider.

Jiaxing Rongsheng Lifesaving Equipment Co.,Ltd. is founded in 1983 and located in Jiaxing, which is near Shanghai and Ningbo. Our factory covers an area of 8,600 square meters and construction area of 1,280 square meters.We have a strong research and development, designing, manufacturing and marketing team.

Our company is a professional manufacturer of marine lifesaving products and marine fire fighting equipment.Our main marine life-saving products include immersion suit (survival suits), SOLAS life jackets, lifebuoy rings, inflatable life rafts, life jacket lights, first aid kits, embarkation ladder and marine fire-fighting equipment include emergency escape breathing devices, positive pressure breathing apparatus, fireman protective suit, fire axes,etc..All products obtain ZY / CCS certificates and EC/MED certificate from DNV-GL, RINA, KR, LR classification societies.

Jiaxing Rongsheng Lifesaving Equipment has passed the international quality management system certification ISO9001/ISO22000 in 2002. With high-quality management system, strict process management, strong technical team and excellent management team, our company has become the leading manufacturer in marine lifesaving industry. Our Products are popular among both domestic and overseas markets. Welcome to visit us for more business cooperation.

Jiaxing Rongsheng Lifesaving Equipment Co.,Ltd. is founded in 1983 and located in Jiaxing, which is near Shanghai and Ningbo. We are professional manufacturer and supplier of marine life jackets, immersion suit / survival suits, lifebuoy ring and lifeguard accessories,etc. We have passed the international quality management system certification ISO9001 / ISO22000 in 2002. All of our life-saving products obtain ZY / CCS certificates and EC/MED certificate from DNV-GL, RINA, KR, LR classification societies.

Dalipal Holdings Ltd. operates as an investment holding company. The company is engaged in the development, manufacture and sale of oil country tubular goods (OCTG), other pipes and pipe billets. It is mainly for oil companies, OCTG manufacturers and OCTG processing factories. The company was founded on August 28, 2018 and is headquartered in Cangzhou City, China.

lock, and refer the technical parameters to the following table: 513 5/8”-5000psi Ram BOP Rong Sheng Machinery Manufacture LTD. OF Huabei Oilfield, Hebei

List 4 TECHNICAL PARAMETER OF RAM BOP Item Single Ram BOP double Ram BOP Size 13 5/8”-5000psi 13 5/8”-5000psi Top connection type Studded / Bottom connection type Flanged / Height (mm) 737 / 5103Kg / Weight (Kg) (11278 lb) Bore 346.1mm (13 5/8″) Hydrostatic pressure testing 52.5MPa (7500psi) pressure Rated working pressure 35MPa (5000psi) Hydraulic control system 21MPa（3,000psi） rated working pressure Recommended hydraulic controlled operating 8.4～10 .5MPa(1,200～1,500psi) pressure Diameter of cylinder 221mm Open one set of ram oil 41L volume Close one set of ram oil 43L volume Connector with hydraulic NPT 1 control pipe Size of outlet 2,3 1/8″-5000psi or specified by contract Temperature grade T20(-29～121℃) Close rate 1:11.4 Note： BOP design and manufacture are all meet API Spec 16A。 BOP provided can be used for H2S service and also meet NACE MR-01-75。

Some of the notable companies in the global subsea production and processing system market are Aker Solutions, Baker Hughes, a GE company, TechnipFMC, Audubon Companies, Schlumberger, Drill-Quip, National Oilwell Varco, Oceaneering, Worldwide Oilfield Machine, Helix Energy Solutions Group, Weatherford, Halliburton, KERUI PETROLEUM and Rongsheng Machinery Manufacture Ltd. Of Huabei Oilfield.