rongsheng investment company factory

ng Investment Co., Ltd is a large international group company, which is established with the approval of the National Development and Reform Commission and related departments. It is engaged in the production of import and export business of industry、 energy resources、mineral resources and other fields.

In order to follow the development of times and to response to the national policy of “ The Belt and Road Initiative”,Fujian Rongsheng have successfully set up a lot of projects in the domestic as well as other countries like Indonesia, Malaysia, Singapore, Nigeria and Saudi Arabia and so on. Such as Dongguan Jinwei traditional Industrial Park, Dongguan Boqi Industrial ltd, Jiangxi Bopai Luggage Industrial Park, Fujian Bosheng Creative Industrial park, Indonesia Luggage Ltd, Nigeria Yanuo Industry LTD, Nigeria Time Ceramics Ltd, Nigeria Rongsheng Glass ltd,Nigeria Rongtai Aluminum Ltd, Nigeria Rongtai Wood Ltd, Pakistan Times Ceramics Ltd, Jisheng International Ceramic Company in Jordan, Bunyan in Industrial Ltd in Saudi Arabia, and other enterprises. Among of them,Nigeria and Saudi Arabia are the important development areas..

Since 2009, we have invested more than six hundred million dollars in African countries, and has successfully set up enterprises such as Rongsheng Glass, Rongtai Aluminum, Rongtai Wood and Time Ceramics and others in Nigeria. In order to provide an ideal and comfortable working and living environment for overseas Chinese, Fujian Rongsheng has invested a huge amount of money to build the largest, most beautiful and most well-equipped Rongtai Industrial Park in Nigeria, which has also attracted many other enterprises to settle there. Today, Fujian Rongsheng has become a bridge linking investment and economic construction of Chinese and African enterprises.

In 2021, Fujian Rongsheng started to invest in the Middle East, and has invested more than two hundred million dollars to establish Bunyang Industrial Ltd so far. in Alkaj Industrial Park of Riyadh, the capital of Saudi Arabia. We uses its advantages of high production capacity, stable quality and variety to provide high-quality ceramic products to customers in the Gulf Region.

HONG KONG, Nov 26 (Reuters) - China Rongsheng Heavy Industries Group, the country’s largest private shipbuilder, said its chairman had stepped down just three months after the company posted its sharpest fall in half-year net profit.

Zhang Zhirong quit to devote more time to his personal interests and will be replaced by the company’s chief executive officer, Chen Qiang, effective immediately, the company said on Monday in a statement to the Hong Kong stock exchange.

Listed in November 2010, Rongsheng was hit by an insider dealing scandal involving a firm owned by Zhang ahead of the $15.1 billion bid for Canadian oil firm Nexen Inc by China offshore oil and gas producer CNOOC.

Rongsheng said earlier this month that investment firm Well Advantage, controlled by Zhang, had agreed to pay $14 million as part of a settlement deal with the U.S. Securities and Exchange Commission (SEC).

The SEC had filed a complaint in a U.S. court in July against the company controlled by Zhang and other traders, accusing them of making more than $13 million from insider trading ahead of the bid.

In August, Rongsheng posted an 82 percent drop in half-year profit on a dearth of new orders and warned economic uncertainties would continue to weigh on the global shipping market.

Zhang Zhirong has also resigned as chairman of Glorious Property Holdings Ltd, the property developer said, as part of a series of executive changes at the company.

As part of the changes at China Rongsheng, the company said that Zhang De Huang was retiring and had resigned as an executive director and as vice chairman of the board.

RUGAO, China/SINGAPORE (Reuters) - Deserted flats and boarded-up shops in the Yangtze river town of Changqingcun serve as a blunt reminder of the area"s reliance on China Rongsheng Heavy Industries Group, the country"s biggest private shipbuilder.A view of the Rongsheng Heavy Industries shipyard is seen in Nantong, Jiangsu province December 4, 2013. REUTERS/Aly Song

The shipbuilder this week predicted a substantial annual loss, just months after appealing to the government for financial help as it reeled from industry overcapacity and shrinking orders. Rongsheng lost an annual record 572.6 million yuan ($92 million) last year, and lost 1.3 billion yuan in the first half of this year.

While Beijing seems intent to promote a shift away from an investment-heavy model, with companies reliant on government cash injections, some analysts say Rongsheng is too big for China to let fail.

As ship orders and funding have dried up, the firm has delayed deliveries and now faces legal disputes, shipping and legal sources said. The company - whose market value has slumped more than 90 percent to around $1 billion since its Hong Kong listing in late 2010 - is in talks with bankers to restructure its debt.

Local media reported in July that Rongsheng had laid off as many as 8,000 workers as demand slowed. Three years ago, the company had about 20,000 staff and contract employees. This week, the shipbuilder said an unspecified number of workers had been made redundant this year.

“Without new orders it’s hard to see how operations can continue,” said one worker wearing oil-spattered overalls and a Rongsheng hardhat, adding he was still waiting to be paid for September. He didn’t want to give his name as he feared he could lose his job.

“Morale in the office is quite low, since we don’t know what is the plan,” said a Rongsheng executive, who declined to be named as he is not authorized to speak to the media. “We have been getting orders but can’t seem to get construction loans from banks to build these projects.”

While Rongsheng has won just two orders this year, state-backed rival Shanghai Waigaoqiao Shipbuildinghas secured 50, according to shipbroker data. Singapore-listed Yangzijiang Shipbuildinghas won more than $1 billion in new orders and is moving into offshore jack-up rig construction, noted Jon Windham, head industrials analyst at Barclays in Hong Kong.

Frontline, a shipping company controlled by Norwegian business tycoon John Fredriksen, ordered two oil tankers from Rongsheng in 2010 for delivery earlier this year. It now expects to receive both of them in 2014, Frontline CEO Jens Martin Jensen told Reuters.

Greek shipowner DryShips Inchas also questioned whether other large tankers on order will be delivered. DryShips said Rongsheng is building 43 percent of the Suezmax vessels - tankers up to 200,000 deadweight tons - in the current global order book. That"s equivalent to 23 ships, according to Rongsheng data.

Speaking at a quarterly results briefing last month, DryShips Chief Financial Officer Ziad Nakhleh said Rongsheng was “a yard that, as we stated before, is facing difficulties and, as such, we believe there is a high probability they will not be delivered.” DryShips has four dry cargo vessels on order at the Chinese firm.

Rongsheng declined to comment on the Dryships order, citing client confidentiality. “For other orders on hand, our delivery plan is still ongoing,” a spokesman said.

At least two law firms in Shanghai and Singapore are acting for shipowners seeking compensation from Rongsheng for late or cancelled orders. “I’m now dealing with several cases against Rongsheng,” said Lawrence Chen, senior partner at law firm Wintell & Co in Shanghai.

Billionaire Zhang Zhirong, who founded Rongsheng in 2005 and is the shipyard"s biggest shareholder, last month announced plans to privatize Hong Kong-listed Glorious Property Holdingsin a HK$4.57 billion ($589.45 million) deal - a move analysts said could raise money to plug Rongsheng"s debts.

Meanwhile, Rongsheng’s shipyard woes have already pushed many people away from nearby centers, and others said they would have to go if things don’t pick up. Some said they hoped the local government might step in with financial support.

The Rugao government did not respond to requests for comment on whether it would lend financial or other support to Rongsheng. Annual reports show Rongsheng has received state subsidies in the past three years.

RUGAO, China/SINGAPORE (Reuters) - Deserted flats and boarded-up shops in the Yangtze river town of Changqingcun serve as a blunt reminder of the area"s reliance on China Rongsheng Heavy Industries Group, the country"s biggest private shipbuilder.A view of the Rongsheng Heavy Industries shipyard is seen in Nantong, Jiangsu province December 4, 2013. REUTERS/Aly Song

The shipbuilder this week predicted a substantial annual loss, just months after appealing to the government for financial help as it reeled from industry overcapacity and shrinking orders. Rongsheng lost an annual record 572.6 million yuan ($92 million) last year, and lost 1.3 billion yuan in the first half of this year.

While Beijing seems intent to promote a shift away from an investment-heavy model, with companies reliant on government cash injections, some analysts say Rongsheng is too big for China to let fail.

As ship orders and funding have dried up, the firm has delayed deliveries and now faces legal disputes, shipping and legal sources said. The company - whose market value has slumped more than 90 percent to around $1 billion since its Hong Kong listing in late 2010 - is in talks with bankers to restructure its debt.

Local media reported in July that Rongsheng had laid off as many as 8,000 workers as demand slowed. Three years ago, the company had about 20,000 staff and contract employees. This week, the shipbuilder said an unspecified number of workers had been made redundant this year.

“Without new orders it’s hard to see how operations can continue,” said one worker wearing oil-spattered overalls and a Rongsheng hardhat, adding he was still waiting to be paid for September. He didn’t want to give his name as he feared he could lose his job.

“Morale in the office is quite low, since we don’t know what is the plan,” said a Rongsheng executive, who declined to be named as he is not authorized to speak to the media. “We have been getting orders but can’t seem to get construction loans from banks to build these projects.”

While Rongsheng has won just two orders this year, state-backed rival Shanghai Waigaoqiao Shipbuildinghas secured 50, according to shipbroker data. Singapore-listed Yangzijiang Shipbuildinghas won more than $1 billion in new orders and is moving into offshore jack-up rig construction, noted Jon Windham, head industrials analyst at Barclays in Hong Kong.

Frontline, a shipping company controlled by Norwegian business tycoon John Fredriksen, ordered two oil tankers from Rongsheng in 2010 for delivery earlier this year. It now expects to receive both of them in 2014, Frontline CEO Jens Martin Jensen told Reuters.

Greek shipowner DryShips Inchas also questioned whether other large tankers on order will be delivered. DryShips said Rongsheng is building 43 percent of the Suezmax vessels - tankers up to 200,000 deadweight tons - in the current global order book. That"s equivalent to 23 ships, according to Rongsheng data.

Speaking at a quarterly results briefing last month, DryShips Chief Financial Officer Ziad Nakhleh said Rongsheng was “a yard that, as we stated before, is facing difficulties and, as such, we believe there is a high probability they will not be delivered.” DryShips has four dry cargo vessels on order at the Chinese firm.

Rongsheng declined to comment on the Dryships order, citing client confidentiality. “For other orders on hand, our delivery plan is still ongoing,” a spokesman said.

At least two law firms in Shanghai and Singapore are acting for shipowners seeking compensation from Rongsheng for late or cancelled orders. “I’m now dealing with several cases against Rongsheng,” said Lawrence Chen, senior partner at law firm Wintell & Co in Shanghai.

Billionaire Zhang Zhirong, who founded Rongsheng in 2005 and is the shipyard"s biggest shareholder, last month announced plans to privatize Hong Kong-listed Glorious Property Holdingsin a HK$4.57 billion ($589.45 million) deal - a move analysts said could raise money to plug Rongsheng"s debts.

Meanwhile, Rongsheng’s shipyard woes have already pushed many people away from nearby centers, and others said they would have to go if things don’t pick up. Some said they hoped the local government might step in with financial support.

The Rugao government did not respond to requests for comment on whether it would lend financial or other support to Rongsheng. Annual reports show Rongsheng has received state subsidies in the past three years.

On this page you will find important information about Guangzhou RONGSHENG Investment Advisor Co. Ltd. based in 93-95# Yinshan Mansion B-Room 2403, Yuexiu District, Guangzhou, Guangdong, 510030, Guangdong, China, like the address, contact person and details, as well as the email address and home page, or other specific information.

Guangzhou RONGSHENG Investment Advisor Co. Ltd. in 93-95# Yinshan Mansion B-Room 2403, Yuexiu District, Guangzhou, Guangdong, 510030, Guangdong, China.

This company deals with, among other clients supply foreign exchange, precious metal fund and stock finance economy service, supply professional investment cosulting economy planning service.

For questions regarding RONGSHENG Investment Advisor Co. Ltd. contact us directly on the following numbers, or find the appropriate contact on the homepage of Guangzhou RONGSHENG Investment Advisor Co. Ltd..PHONE NUMBER:

To request more details about Guangzhou RONGSHENG Investment Advisor Co. Ltd. from abroad please call the international phone number +86 (20) 83641670 under which you will be able to speak with owner of RONGSHENG Investment Advisor Co. Ltd. or be directed to the appropriate contact person, Mr. CHEN, JIAN.

Please send written inquiries and notices to RONGSHENG Investment Advisor Co. Ltd. from abroad to the international fax number +86 (20) 83641670 or to the company email address. Call displayed telephone number to ask for respective email address of Guangzhou RONGSHENG Investment Advisor Co. Ltd.!

clients supply foreign exchange, precious metal fund and stock finance economy service, supply professional investment cosulting economy planning service

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A broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) (CRD: 298769/SEC: 8-70215), a member in good standing of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC), as well as a member of Depository Trust Company (DTC), a member of National Securities Clearing Corporation (NSCC) and the Options Clearing Corporation (OCC).

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RongSheng Group Nigeria limited is registered in Benin City, Edo State in 2016. It is wholly-owned by RongSheng investment co. limited, the Chinese large-scale multinational group, and is registered at China National Development and Reform Commission, the Ministry of Commerce, State Administration of Foreign Exchange. His registered capital is more than 200 million US dollars and first phase of land area is 915000 square meters.

RongSheng Group Mainly engaged in production and R&D of float glass and aluminum alloy profiles. At present, We have 958 employees, including 15 scientific research personnel, 10 senior management staff, 8 chief engineers, 20 senior engineers, and 80 different kinds of professional Technical staff.

Rongsheng Group adheres to the world-class management standard、first-class technology, together with best staff team and service. The company meets the criterion of ISO90001 quality management system, ISO140001 environmental management system, and it determines to provide quality products and services for Nigeria and other countries in the whole world.

On this page you will find important information about RONGSHENG Investment Co. Ltd. based in Longhua No. 88, Baoan District, Shenzhen, Guangdong, 510030, Guangdong, China, like the address, contact person and details, as well as the email address and home page, or other specific information.

This company deals with, among other clothing, garments, ladies" wear, jacket, one-piece, jean, women"s and men"s sportswear, processing, brand processing, agent, marketing, finance, advisor, gratis, training, chair.

For questions regarding RONGSHENG Investment Co. Ltd. contact us directly on the following numbers, or find the appropriate contact on the homepage of RONGSHENG Investment Co. Ltd..PHONE NUMBER:

To request more details about RONGSHENG Investment Co. Ltd. from abroad please call the international phone number +86 (20) 83641670 under which you will be able to speak with owner of RONGSHENG Investment Co. Ltd. or be directed to the appropriate contact person.Mr. LUO.ZUHE..

Please send written inquiries and notices to RONGSHENG Investment Co. Ltd. from abroad to the international fax number +86 (20) 83641670 or to the company email address. Call displayed telephone number to ask for respective email address of RONGSHENG Investment Co. Ltd.!

The activity of an Manufacturing, Wholesale & Retail. The business of RONGSHENG Investment Co. Ltd. exists since the year 1998 and is certified according to ISO 9000 ISO 9001 ISO 9002 ISO 9003 ISO 9004 ISO 14000.

Image: The agreement was signed by His Excellency Dr. Sultan Al Jaber, UAE Minister of State and ADNOC Group CEO, and Li Shuirong, Chairman of Rongsheng Group. Photo: courtesy of Abu Dhabi National Oil Company.

The Abu Dhabi National Oil Company (ADNOC) has entered into a framework agreement with China-based Rongsheng Petrochemical to look out for domestic and international expansion opportunities.

The deal will see ADNOC and Rongsheng explore opportunities in the sales of refined products from ADNOC to Rongsheng, downstream investment opportunities in both China and the UAE, and the supply and delivery of LNG to Rongsheng.

Under the terms of the agreement, both the companies will look out for opportunities to expand the volume and range of refined products sales to Rongsheng in addition to ADNOC’s participation as Rongsheng’s strategic partner in refinery and petrochemical opportunities, including funding in Rongsheng’s downstream complex.

On the other hand, the China-based company will also explore possible investments in ADNOC’s downstream industrial ecosystem in Ruwais, including the proposed Gasoline Aromatics Plant, GAP, and the possibility for ADNOC to supply and deliver LNG for utilisation by Rongsheng within its production factories in China.

UAE Minister of State and ADNOC Group CEO Al Jaber said: “The agreement covers domestic and international growth opportunities across a range of sectors, which have the potential to open new markets for our growing portfolio of products and attract investment to support our downstream and gas expansion plans.

The deal will help in ADNOC’s downstream development plans, which will see it create an integrated refining and petrochemicals complex in Ruwais while pursuing integrated margins for its own hydrocarbons with in-market investments.

Rongsheng Group chairman Li Shuirong said: “The strategic cooperation with ADNOC will ensure that our ZPC project, which will have a refining capacity of up to 1 million barrels per day (mbpd) of crude, has adequate supplies of feedstock.

“Our valued partnership will enable Rongsheng Petrochemical to continue its expansion into the international oil market and we are confident Rongsheng Petrochemical will achieve enhanced market share and recognition in the global marketplace.”

On January 4, 2022, Rongsheng Environmental Protection and Quanjiao County Government of Anhui Province signed a strategic cooperation framework agreement, planning to invest in the construction of an annual production of 1.3 million tons of recycled environmentally friendly paper and new energy comprehensive utilization projects, with a total investment of about 10.5 billion yuan. The construction content includes an annual output of 1.3 million tons of recycled environmentally friendly paper, biomass heat and power cogeneration (an annual processing of 500,000 tons of straw), photovoltaic product R&D and manufacturing, 1GW distributed photovoltaic power station and other operations and management, and supporting the comprehensive utilization of industrial solid waste resources Projects, environmental protection water treatment projects.

Secretary of the Municipal Party Committee Xu Jiwei, Deputy Secretary of the Municipal Party Committee and Mayor Wu Jin, Director of the Municipal People’s Congress Standing Committee Wang Tuqiang, Member of the Municipal Party Group Liu Maosong and Quanjiao County Party Secretary Yang Guang, Deputy Secretary of the County Party Committee and County Mayor Tang Yu; Zhejiang Rongsheng Environmental Paper Co., Ltd. The chairman and general manager Feng Ronghua of the company attended the signing ceremony and witnessed the signing together.

During the meeting, Xu Jiwei extended a warm welcome to Rong Sheng Lai Chu Investment. He said that in recent years, Chuzhou has implemented the new development concept, promoted high-quality development, and unswervingly carried out the "double recruitment and double introduction", attracting a number of large-scale investment projects, high-tech content, and strong traction driving force. . This project is in line with the dual-carbon development goal of "carbon peak and carbon neutrality". It is the first tens of billions project to settle in Chuzhou in 2022, and it is a project for the transformation and upgrading of traditional industries. At the same time, it helped Quanjiao to realize the green development requirements of "green water and green mountains are golden mountains and silver mountains". The settlement of the project in Chuzhou is also a wise choice for enterprises to seize the outlets, seize the industry layout, and enhance the market share and competitiveness of their products. The cooperation between the two parties is bound to be a win-win move. It is hoped that after the project is implemented, the construction progress will be accelerated according to the time node. The city and county levels will provide a full range of "nanny-style" services, and go all out to promote the early start of the project, early completion, early production, and early production, and jointly build the project A landmark project in Chuzhou"s new energy industry.

Feng Ronghua said that standing on a new journey and a new starting point, Rong Sheng came to investigate with his dreams. Chuzhou has a good development trend. Quanjiao is a land full of vigor and great potential for development; Rong Sheng invests with his feelings, Quanjiao With a superior investment environment, the business environment service brand of "Ting Satisfaction and Full Comfort" has strengthened Rongsheng"s confidence in investment and development. This project is settled in Quanjiao, Rongsheng people will be political, keep the original aspiration, adhere to green and low-carbon development; emphasize responsibility, strive to be the first, adhere to digital and intelligent development; emphasize innovation, create brand, adhere to high-level, high-quality development , To contribute to the promotion of local economic development Rongsheng strength! This investment project aims to use the "three wastes" as resources to create green GDP, namely: urban domestic sewage is used as the company"s production water; waste paper is used as the company"s raw material for paper; and waste straw and tree branches are used as central heating energy materials. Rongsheng people have always adhered to the corporate culture of "the soul of the army helps the enterprise, the talents develop the enterprise, and the party builds a strong enterprise", adheres to the people-oriented approach, and contributes to the high-quality development of the enterprise.

Zhejiang Rongsheng Environmental Paper Co., Ltd. was founded in 1980 and successfully logged on the main board of the Shanghai Stock Exchange in 2017. In 2019, China"s listed companies ranked 52 in terms of comprehensive competitiveness. After more than 40 years of development, five major sectors have been formed: ecological papermaking, environmentally friendly thermal power, green packaging, industrial investment, and new energy and new materials. The main products are high-grade kraft linerboard, high-strength corrugated paper, high-density paperboard, e-commerce paperboard, functional carton, electricity, steam, etc. The annual production capacity of ecological paper is 600,000 tons; the annual production of green packaging is 150 million square meters of cardboard. Introduce high-end talents at home and abroad, actively carry out technical cooperation with Zhejiang University, Zhejiang University of Science and Technology, Shaanxi University of Science and Technology, and explore the establishment of a production-university-research system. There are more than 100 authorized patents, and it has successively obtained national-level green factories and Zhejiang Province Advanced unit of platoon work, Zhejiang Industrial Circular Economy Demonstration Enterprise, Zhejiang Papermaking Quality and Credit Double Excellent Enterprise, Top Ten Excellent Enterprise of Jiaxing City Listed Company. The chairman of the company Feng Ronghua is a leading talent in science and technology entrepreneurship under the National "Ten Thousand Talents Plan". He serves as the vice chairman of the fourth council of the Paper Chamber of Commerce of the All-China Federation of Industry and Commerce, the standing director of the China Paper Association, and the standing director of the Zhejiang Paper Association (Society). Star entrepreneurs in Pinghu City, meritorious entrepreneurs in Pinghu City. Editor/Sang Xiaomei

The company"s profits mainly come from heat-shrinkable material and copper. The company leads in the domestic market in the heat-shrinkable materials industry. "CIAC" brand heat-shrinkable power cable connecting the product, heat-shrinkable tubing products, and steel pipe anti-corrosion materials and many other heat-shrinkable material products are widely used in electric powers, petroleum, communications, electronics, automotive and military industries, and its performance has reached the contemporary international advanced level. In recent years, with investments in many fields, Kinwa"s Jiuyou is expected to appear on the market overseas. Jiuyou is a Chinese online-game portal website to provide interactive gaming services, gaming and other characteristics of mobile value-added services, value-added services, which once was financed by Carlyle and three internationally renowned venture.