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China Zhenhua, Fluor win $350 mln UK wind farm deal

Wed Jun 4, 2008 8:54pm EDT

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SHANGHAI, June 5 (Reuters) - China's Zhenhua Port Machinery (600320.SS) (900947.SS) and engineering group Fluor Corp (FLR.N) have won a 230 million euro ($350 million) order from a British offshore wind farm, the Chinese maker and exporter of port equipment said on Thursday.

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The order, for more than 110,000 tonnes of steel framework structures, is scheduled for delivery in 2009 and 2010, Shanghai-based Zhenhua said in a statement.

Zhenhua has been expanding overseas, helping to boost its net profit 25 percent in 2007.

The domestic A shares of Zhenhua closed at 13.94 yuan on Wednesday. They have fallen 45 percent since the start of the year, compared with a drop of about 35 percent in Shanghai's benchmark index .SSEC. ($1=.6571 Euro) (Reporting by Alfred Cang; Editing by Edmund Klamann)

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