China: ZPMC Bags Three Important Contracts
- Business & Finance
On October 9, ZPMC won three bids consecutively in the domestic and overseas port machinery market, with a total contract value of nearly 2.9 billion yuan. The purchase by the customer in Doha, Qatar marks ZPMC’s products have entered the 84th country.
Abroad, ZPMC signed a sales contract for 12 double-lifting shore cranes and 38 transtainers, with a total contract value of some 1.47 billion yuan. On the basis of purchasing ZPMC’s independently developed AGV (automatic guided vehicle), PSA has recently purchased 34 automatic rail-mounted gantry cranes with a total contract value of some 500 million yuan, which are expected to be delivered in batches from 2014 to 2016.
At home, Guangzhou Port has recently placed an order with ZPMC for 12 shore cranes and 36 tire cranes to serve Phase 3 of Nansha port zone with a contract value of 897 million yuan, which are expected to be delivered in batches in 2014. Previously, Phase 1 and 2 of Nansha port zone had used ZPMC’s equipment in full.
Affected by factors such as unrest in some areas in the world and the continuous slump of the global shipping industry after the European debt crisis and the financial crisis, the global port machinery market fluctuated wildly. Facing the severe market situation, ZPMC has actively adjusted its business idea and mode, popularized new products and systems, and achieved major breakthroughs in the automatic and bulk handling system markets such as Singapore, Mexico, Xiamen and Rizhao.
To date, the total value of ZPMC’s newly signed contracts in the port machinery market this year has reached 1.887 billion US dollars.
Press Release, October 15, 2013