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Honghua Group Limited ABS Certification For In-House Designed Offshore Equipment Successfully Obtained

soruce:manager    click:3880    time:2011-12-22

Honghua Group Ltd. , together with its subsidiaries (the Group), is pleased to announce that the Group has obtained the certification and approval of the American Bureau of Shipping (ABS) for its in-house designed jacking system and fixation system for offshore jack-up platform.

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The ABS is a world-renowned certification authority. For procurement of offshore drilling platforms, offshore oil and gas drilling enterprises are usually required to purchase products which have attained design and production certification from the ABS. Honghua is the first enterprise in China to design and develop the jack-up platform jacking system and fixation system, and obtain certification and approval from the ABS. The two systems will be applied to Honghuas jack-up platform and will also be available for independent sales.

According to the development strategy in the offshore engineering equipment industry from the Decision on Accelerating the Fostering and Development of New Strategic Industries issued by the PRC State Council, China will emphasize on strengthening R&D in offshore engineering support equipment and systems, of which Honghuas jack-up platform jacking system and fixation system are one of the key pieces of equipment.

We are pleased to once again swiftly obtain certification for our offshore products from the ABS, subsequent to its earlier approval of the initial design of Honghua No.1 jack-up platform. It once again indicates that the Groups in-house product designs have reached internationally-certified high standards. It not only demonstrates that the Group possesses strong research and development capability in offshore equipment, but also strengthens Honghuas market recognition in its offshore products, supporting the Groups rapid entry into the global offshore market and sales expansion. Looking forward, we are confident to develop more high performance-to-cost offshore products to meet various demands from different clients, and enhance returns for shareholders.

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