When will Honghua Groups Qidong offshore production base be put into production?
In June 2009, Honghua Group has confirmed the site for its new offshore production base in Qidong city, Jiangsu Province, and in the second half of 2009, infrastructure construction has commenced as scheduled. According to the Groups development plan, construction of the base will be carried out in different phases and production will begin accordingly. The Group expects an annual production capacity of 5~10 units once construction is completed in 2012 and full production capacity has been realized, becoming one of the worlds leading offshore drilling equipment manufacturing bases.
