Zhenhua heavy industry to loan 300 million dollars to ease capital pressure

NetEase Financial June 5 News Port Machinery performance poor, into the sea and industry needs of the huge investment, so Zhenhua Harbor machine face double challenge, 15 billion yuan investment plan only after the implementation of a year began to face financial pressure.　　Shanghai Zhenhua Heavy Industry group announced this evening that to ease the pressure on corporate capital, improve the debt structure and avoid the risk of the fluctuation of the dollar exchange rate on the company's operations, it is proposed that HSBC (China) Limited, as the lead-acting company, would provide 260 million-300 million US $ three-year syndicated loans.　　Zhenhua Heavy Industry 2009 Annual report said, affected by the global financial crisis, international shipping and port business fell seriously, directly affected the port machinery orders, resulting in a year-on-year decline in revenue of 2.37 billion to 16.642 billion yuan, gross profit to 6.96%.　　How to maintain the leading position of the global port machinery market, and explore new profit growth point, become Zhenhua heavy industry 2009 Key thinking problem, the final result is to enter the marine engineering market. The world's most famous offshore oil and gas engineering Research advisory body, Douglas-Westwood, said that in 2008-2013, the global marine oil and gas industry will invest 189 billion of dollars in the global ocean to build 15,000 oil and gas exploration and recovery wells, of which 45,000 wells invested 75 billion dollars,　　10,500 wells invested 114 billion dollars.　　China's ship revitalization planning objectives also proposed, in 2009-2011 years, so that High-tech high value-added shipping market global share of 20%, marine engineering equipment Market share of 10%. "Our three years in the Changxing base, Nantong base of the total investment in fixed assets will be more than 15 billion yuan, to promote the company within 2-3 years of the marine market products accounted for more than 50% of the company's gross output value, the corresponding plate revenue breakthrough 4 billion U.S. dollars."　　"Zhenhua Heavy industry president Tangtong Yin said.　　A person who declined to be named said that Zhenhua heavy industry occupies more than 70% of the global port machinery market, with a large number of related equipment and fixed assets, the global market contraction means that a large number of spare capacity, how to deal with this problem will directly affect the company's funds use efficiency. Zhenhua Heavy Industry obviously took this into account. In the announcement tonight, the company also said that in order to better expand the new business, improve the efficiency of existing assets, plans to increase the original business scope of "equipment leasing" and "own house leasing", the board of Directors of the resolution to be discussed by the General Assembly.