WHAT WE DO?

Our mainly products were globe valve,angle valve,gate valve,SDNR valve,check valve,hose valve,storm valve,butterfly valve,air vent head,strainer tec, according to DIN,JIS,ANSI,API,BS,GB,CB,CBM,AS standard. Material is including cast iron,ductile iron,cast steel,cast bronze,forged brass,stainless steel,forge steel,and can be extensively used in marine,petroleum,chemical, metallurgical,electric power,architectural,agriculture field.

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WHAT WE DO?

OUR VALVE PACKING

We have our own packing worshop and workman to tailored packages according to the product.All of our valves were packing carefully by plywood cases,to avoid damage when transportation by air,by sea,or by courier.

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OUR VALVE PACKING

OUR STORAGE

Our warehouse area was more than 2000 square meters with large ex-stock valves including gate valves,globe valves,butterfly valves ,bronze vavles and air vent head,to meet the demand of customer's spot requirement.This make us save the time to prepare order and provide the customer faster delivery.

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OUR STORAGE

PRODUCT PROCESSING

We have more than 120 product processing staffs,including 24 senior engineers&12 R&D engineers,Moreover,We have well-working machining equipments and inpsection equipments for vavles.That make sure we could processing the high-quality valves.

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PRODUCT PROCESSING

HMM and DSME finalise contract for five VLCC vessels

2017-09-07 10:23:32

HMM and DSME finalise contract for five VLCC vessels

South Korea's Hyundai Merchant Marine (HMM) has entered a formal contract with Daewoo Shipbuilding & Marine Engineering (DSME) for the construction of five 300,000dwt very large crude carriers (VLCC).

The deal also includes an option to build five additional VLCC vessels.

The construction of the carriers is expected to cost around KRW470bn ($420m) and will be financed by the Korean Government’s KRW2.6tr ($2.28bn) New Shipbuilding Programme.

Both HMM and DSME signed a letter of intent (LoI) for the newly finalised deal in April.

Deliveries under the new order are scheduled to take place in sequence by the first half of 2019.

HMM CEO CK Yoo said: “I expect this deal will help the Korean shipbuilding and shipping industries grow together.

“HMM will develop itself as one of the world’s most competitive shipping companies.”

The company previously established a ‘newbuilding examination committee’ last year in order to review various conditions such as demand / type / number of vessels and market trend, as well as the investment feasibility associated with newbuild vessels.

"The construction of the carriers is expected to cost around KRW470bn ($420m) and will be financed by the Korean Government’s KRW2.6tr ($2.28bn) New Shipbuilding Programme."

Commenting on the signing of the LoI for the deal, Yoo said: “We currently operate 12 VLCCs, which have been foundational to stable profits and enhancing sales competitiveness.

“We thought this year is the right time to order new VLCCs at historically low newbuilding price.

“HMM’s fleet competitiveness in the medium and long run will be further strengthened through the New Shipbuilding Programme.”

The company also announced its intention to place an order for small-to-medium sized container ships.

Image: DSME CEO Jung Sung-leep (left) and HMM CEO CK Yoo (right). Photo: courtesy of Hyundai Merchant Marine Co Ltd.