Shandong Rizhao Marine Equipment Manufacturing Industry Project Commenced

On April 2, Rizhao Marine Equipment Manufacturing Base and Ruisheng Ocean Engineering Project commenced construction in Rizhao Economic and Technological Development Zone, unveiling the prelude to the accelerated development of the marine equipment manufacturing industry cluster in the city, and the blue industry system in Rizhao City was also more complete.

It is understood that Rizhao Ruisheng Marine Engineering Co., Ltd. is co-operated by Rizhao City and Singapore JES International Holdings Co., Ltd. The total investment is planned to be 10 billion yuan. The planning and construction period is three years. It mainly produces and manufactures marine engineering equipment, deepwater drilling platforms, and gathering and transportation equipment. After the project is put into production, it is estimated that annual sales revenue will be 30 billion to 50 billion yuan. By then, Rizhao will become the largest marine equipment manufacturing base in China, and will have the production capacity for various offshore equipment. JES International Holdings Limited is listed on the main board of Singapore and has the ability to build various types of marine equipment.

The commencement of the Rizhao Ocean Equipment Manufacturing Base and Ruisheng Ocean Engineering Project marks a breakthrough in the modern marine equipment manufacturing industry. JES International Holdings Co., Ltd. will accelerate construction progress according to world-class quality engineering standards. Rizhao City and Rizhao Economic and Technological Development Zone are committed to creating a first-rate investment environment, providing convenient and efficient services, and promoting the marine equipment manufacturing industry to become bigger and stronger.

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