rongsheng machinery made in china

Zhangjiagang Rongsheng Machinery Co., Ltd. is a scientific and technological enterprise integrating product research, development and manufacturing. The company is located in the beautiful and rich, economically developed city along the river - Zhangjiagang. The convenient land and water transportation conditions provide the unique geographical advantages for the development of enterprises.Zhangjiagang faces Shanghai in the east, Nanjing in the west and the Yangtze River in the north, with extremely convenient waterway transportation.

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.

Rongsheng Machinery Trade is listed among the leading Used Crane Exporter and Retailer owing to the years of experience and expertise that result in best quality product and service leading to Australia,Canada,Sweden,Singapore,United Kingdom market share. Our corporate venture is situated in China’s one of the most commercially active cities – Beijing, Beijing. Since our inception in 2008 we strongly emphasize on building a strong and professional workforce and stimulate consistency in product development and quality. We strive to deliver not just quality products being a Private Limited company but also the service that one would expect from a reputable Construction Machinery Exporter and Retailer.We deal in a wide range of products that can be availed in varying appearances that never fail to appeal consumers making us able to mark annual revenue worth Approx 2 Million US Dollar. It all started off with business capital of around US$2.5 Million now we boast 12 Years of export history and export value around US$10 Million - US$50 Million with Have Own Export License license.

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.

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. 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.

The company, 51 percent owned by Rongsheng Holdings, is building a 400,000 barrels per day refinery which is integrated with a petrochemical complex led by a 1.2 million-tonne per year ethylene facility.

Two separate industry sources said Rongsheng has bought a million barrels of Brazilian medium-sweet crude Lula for end-January arrival possibly for use in the test operation.

HONG KONG (Reuters) - Shares in China Rongsheng Heavy Industries Group Holdings Ltdtumbled 18 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 from insider trading ahead of CNOOC’s $15.1 billion bid for Nexen.

On Monday, Rongsheng shares dropped as much as 18 percent to HK$1.15, a record low, leaving the company with a market capitalization of just over $1 billion. The company also issued a profit warning, saying first-half earnings would fall sharply as a result of a global shipbuilding downturn, a factor that has already pushed its shares down more than 75 percent in the past year.

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

“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.”

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.

Specialist box and carton manufacturer for the cosmetic and pharmaceutical industries, Rongsheng Packing Printing Group is enhancing its environmental credentials through its use of a Lithrone G40 offset printing press. The Chinese company is already GMI certified so working in a greener way was a natural next step.

Since the introduction of the Lithrone G40, Rongsheng has reduced energy consumption in addition to resources. Furthermore, the amount of paper waste is also reduced, as are the number of harmful chemical sustances which are released during the printing process.

An ATI delegation visited Rongsheng Machinery Manufacture LTD of Huabei Oilfield in Renqiu City, Hebei Province, PR of China on October 10th, 2007 to finalize and sign a contract for the acquisition of two complete sets of Well Control System, including BOP Stacks, Remote Control Unit and Choke & Kill Manifold. At the Same time, …

ATI hosts the visit to China of Jorge Luiz da Silva Matos, Manager of Onshore Rigs for QUEIROZ GALVÃO and Moyses Lachter, ATI Country manager from Brazil. Visit to CNPC manufacturing complexes where conducted in Beijing, Baoji in Shaanxi, Nanyang in Henan, and Renqiu in Hebei. EVENT PICTURE(S) Rong Sheng Machinery Manufacture LTD. of Huabei …

Rongsheng technology"s main product is a series of power sprayer products, widely used in farmland irrigation, garden planting and conservation areas. Rongsheng technology products in the exhibition aesthetic appearance,Easy to control, stable performance and other characteristics, new and old customers get the favor!

In 2017, China International Agricultural Machinery Fair has made steady progress with further structural adjustment of the number and quality of exhibitors, reflecting the effectiveness of agricultural supply-side reform. The new features, new technologies, new products and new enterprises are constantly emerging, explaining the development of the agricultural machinery industry to transform old and new kinetic energy and effectively supporting the development of national agriculture that combines the integration of agriculture, animal husbandry, farming and animal husbandry, and integration of primary and secondary industries Strategic requirements.