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  • November 27, 2014
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Results 1 - 5 of 5 for honghua

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  1. In Brief

    Posted Aug 19th 2009, 12:00am by Staff Reporter

    ... Honghua to sell 800m yuan worth of rigs to Shanghai Zhenhua Honghua Group, the world's second-largest maker of land oil drilling rigs, has signed an agreement to sell rigs worth more than 800 million yuan to Shanghai Zhenhua Heavy Industry. They will be delivered by the end of January next year. Honghua had a turnover of 4.74 billion yuan last year. It warned earlier ...

  2. Honghua to move into drilling services after losses from rigs

    Posted Apr 15th 2010, 12:00am by Eric Ng

    ... Eric Ng Honghua Group, the world's second-largest maker of land oil drilling rigs, is diversifying into drilling services to boost sales after it plunged into a loss last year ... revocation of a key international quality certification, which it regained last month. Honghua sold only 40 rigs last year, missing a target of 94 set in September and much lower than the 140 to 150 ...

  3. Honghua sees pick-up in demand for oil rigs

    Posted Sep 14th 2009, 12:00am by Eric Ng

    ... Eric Ng Demand for oil drilling rigs, which generally lags growth in demand for oil, is showing signs of picking up, according to the chief of Honghua Group, the world's second-largest maker of land-based drilling rigs. 'The recovery is not just talk. We have seen action,' said Honghua chairman and chief executive Zhang Mi. 'We are seeing the kind ...

  4. In Brief

    Posted May 28th 2008, 12:00am by Staff Reporter

    ... as HK$16 million rental income from its J Senses in Wan Chai. Jasmine Wang Honghua, CNOOC agree to technology, business exchange Honghua Group said it had entered an agreement with China National Offshore Oil Corp, parent of China Ocean Oilfields Services, for technology and business exchanges. Honghua will support CNOOC in technology for offshore equipment in return for expertise ...

  5. Global oil drilling rebounds, but companies still cautious

    Posted Sep 24th 2010, 12:00am by Eric Ng

    ... demand has also been weak. Sichuan-based Honghua Group, one of the world's largest makers of land-based drilling rigs, last month posted an 89 million yuan (HK$102.8 million) net loss ...



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