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.

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.

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.

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.

PRODUCT PROCESSING

Xinhua Insight: Shipbuilding industry struggles to keep head above water

2014-10-21 16:28:07

NANJING, Oct. 9 (Xinhua) -- Chinese shipbuilders have been sailing toward bankruptcy in recent years, with China trying to consolidate the industry and bail it out from the woe of overcapacity.
With delays in deliveries, order cancellations and price decreases for newly-built vessels, shipbuilding firms have been in a slump since late 2008, when the global financial system was in free fall.
Cash-strapped shipping companies froze expansion plans by scrapping or delaying orders. The euro crisis from late 2009 made the situation even worse.
Statistics from China Association of National Shipbuilding Industry showed in the first half of 2013, 80 major enterprises made a combined business revenue of 120.3 billion yuan (19.6 billion U.S. dollars), down 18.5 percent year on year. Total profit dropped 53.6 percent to 3.58 billion yuan.
In terms of production, it is estimated there will be a fall of around 50 percent in 2013, according to a Ministry of Finance report in August.
"The color of the industry was gray in 2011. It was black last year. For this year, it's red, bloody red," said Chen Qiang, president of Rongsheng Heavy Industries Group Co., China's largest private shipbuilder. Operating revenue for 2012 at the company stood at 7.9 billion yuan (1.29 billion U.S. dollars), down 50 percent year on year.
China's shipbuilding industry was in a "golden age" in 2004, when shipyards, especially those with private investment like Rongsheng, mushroomed as a symbol of the country's booming economy.
Before 2000, the number of shipyards in China were in the hundreds. The industry quickly ballooned to more than 3,000 by 2007 under a "get-rich-quick" mindset. China entered the world's top three in terms of shipbuilding, together with Japan and the Republic of Korea (ROK).
Now, the industry is a shadow of its former self.
Though bankruptcies remain rare despite mounting losses even at well-connected state-owned firms, many are teetering on the brink.
In eastern China's Jiangsu Province, the country's largest ship builder, companies have been warned that if there are no new orders, the backlog will merely be enough to "feed" enterprises for another two years.
According to the provincial commission of economy and information technology, ship completion and current orders in Jiangsu dropped by 32.9 percent and 17.5 percent year on year respectively in the first half of 2013. Among 66 shipbuilding enterprises, only 23 received new orders.
Even those with orders are not positive.
"Profit margins are already razor thin as prices are being pushed down," said Tang Yong, chief financial officer of Dayang Shipbuilding Co., Ltd. in Yangzhou.
The price for a new ship is the lowest in a decade, said Tang.
Many firms are not willing to go out of business, as China lacks a bankruptcy mechanism to allow creditors to be compensated. Many believe the one that sticks it out stays alive.
"The industry itself is a ship so bloated that a slimming plan is in dire need to shift it in the right direction," said Song Songxing, a business management professor with Jiangsu-based Nanjing University.
"If not, low-end products will continue snowballing until it drags down the whole industry," said Song.
Li Yanqing, director of China Shipbuilding Information Center, said low value-added products like bulk carriers, oil tankers and container ships, dominated shipyards. Li said Chinese shipbuilders were far behind Japan and the ROK in production management, work efficiency and developing high value-added products for ocean engineering projects.
"Chinese ship builders are competing fiercely with each other on the easy-to-make-but-cheap products, while few are willing to invest in the development of high-end products, which is no good for the long-term health of the industry," said Li.
SIGNPOST ON THE SEA
The central government has also identified the need for deeper structural reform to remedy the inefficient and debt-laden industry.
The State Council, or China's cabinet, issued a three-year plan to consolidate the industry in August, which includes measures to halt approvals for new shipbuilding projects and freeze credit support for expansion of facilities.
Meanwhile, the cabinet has vowed to prioritize the development of ocean engineering products, for example deepwater drill ships and rigs, which there is a rising global need for as the world seeks energy resources from the sea.
Chinese yards are trying to tap into the ocean engineering market, as advance payments and more bank credit are available.
Chang Jianhua, Rongsheng's vice president, told Xinhua in August that the company plans to accelerate development of ocean engineering products, which is estimated to bring 40 percent of firm's total income by 2015.
By then, the profit margin of Rongsheng's shipbuilding business is expected to rise to 20 percent from the current 5 to 10 percent. "The more difficulties, the more opportunities," said Chang.
However, ocean engineering products demand high technology, which is an achilles' heel for the country's shipbuilders, especially private yards, said Ni Tao, general manager of the China Ocean Shipping Company.
"That's why most Chinese firms are subcontractors or co-builders in the international ocean engineering market," said Ni. "We need government support to develop ocean engineering products based on home-grown technology."
Rongsheng invested heavily in a new research and development (R&D) hub in Singapore last year besides having one in Shanghai. It wants to combine foreign know-how with Chinese national identity to guarantee a sustainable revival.
"Traditionally, Singapore is a talent pool for ocean engineering product development and management. We set up the new R&D center there, which allows Rongsheng to speed up the product-development cycle," said Chen Qiang.
Experts, however, warn that the government should stop micromanaging the industry while it upgrades. Instead, it should try to ensure the market runs smoothly by establishing a level playing field and stronger rules.
"To develop ocean engineering products is the right direction, but local governments should learn lessons from last time, when they blindly gave policy support to build new yards more than what were needed," said Song.