Shanghai: Shanghai Zhenhua Heavy Industry (ZPMC) will pay more focus on the offshore market in its future business planning, Song Hailiang, president of ZPMC said at its latest board meeting. The company will make efforts to increase the offshore contract volume to $1.5bn to $2bn in the next two to three years. ZPMC inked offshore contracts worth $613m in 2012.
“As well as keeping our market share in port machinery, the company also needs to expand markets in automated port terminals which will be a huge market in the future. The trade unions on the US West Coast have already lifted restrictions in this sector,” Song said.
ZPMC has made goals of achieving new contract volumes of $4.5bn and total revenue of RMB23bn by the end of 2013. [13/05/13]
