China Zhenhua won orders worth $2 bln in H1 -paper

Mon Jul 7, 2008 8:44pm EDT
 
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SHANGHAI, July 8 (Reuters) - China's Zhenhua Port Machinery (600320.SS) (900947.SS) won orders worth a total $2.03 billion in the first half, up 32 percent from a year earlier, the China Securities Journal reported on Tuesday.

The firm is currently working on orders worth a total $7 billion, and is chasing another $7 billion in orders, which will ensure a boost in its profit in 2008 and 2009, the paper said, citing company officials including its president, Guan Tongxian.

Zhenhua and engineering group Fluor Corp (FLR.N) won a 230 million euro order from a British offshore wind farm in June. The company is in talks for an Australian wind farm project worth several billion U.S. dollars, the newspaper cited company officials as saying.

Zhenhua has been expanding overseas, helping to boost its net profit 25 percent in 2007. (Reporting by Alfred Cang; Editing by Keiron Henderson)

 

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