Zhenhua Heavy Industry Receives $175 Million Order from China Merchants

Shanghai Zhenhua Heavy Industry ( ZPMC ) announced that Zhenhua has signed an agreement with Colombo International Container Terminals Co., Ltd. ( CICT ) in Sri Lanka to sign a port machinery agreement. The agreement includes 12 shore cranes and 40 tire cranes. The total contract amount is 1.75. One hundred million US dollars (HK$ 1.365 billion) is the single largest overseas machine order of Zhenhua Heavy Industry in recent years. Zhou Jichang, chairman of China Jiaojian and Shanghai Zhenhua Heavy Industry, Fu Yuning, chairman of China Merchants Group, and Kang Xuezeng, president of Zhenhua Heavy Industry, attended the signing ceremony.

Under the contract the two sides since the signing device is planned for May 2013 delivery in three batches. On behalf of Zhenhua Heavy Industry, Kang Xuezhuang said at the signing ceremony that the company will invest in the project with the best design and manufacturing team to ensure the smooth implementation of the project, to create high-tech port machinery products, and to reward the China Merchants with the best quality and service. The trust of the group.

In March this year, the Philippine International Container Terminal Services (ICTSI) under the Croatian AGCT terminal companies, and Shanghai Zhenhua Port Machinery formally signed purchase equipment, including two quay cranes, 10 crane Odaiba, equipment is scheduled for July 2013 Delivered to the user.

The signing of the contract marks that ZPMC 's HAECO products have entered Croatia and become Zhenhua's 80th national market. The ICTSI Group expressed satisfaction with several projects that had been cooperating with Zhenhua. In this context, Zhenhua began bidding in December 2011. After competing with several European heavy industry companies, it finally won the bid.

According to the China Merchants Group on the official website, the chairman of the group, Fu Yuning, attended the signing ceremony and witnessed CICT and Shanghai Zhenhua Heavy Industry Group Co., Ltd. ( ZPMC ) signing equipment purchase contracts for bridge cranes and gantry cranes, and respectively with the chairman of China Communications Group. Zhou Jichang and Wickrama , Chairman of the Port Authority of Sri Lanka exchanged gifts.

CICT
is the first overseas investment and holding container terminal of China Merchants Group with an 85% stake.

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