iMarine

Hengli Heavy Industry Expands with New Land Acquisition

According to the land data monitoring by China Index Academy, on February 8th, a parcel of industrial land in Wafangdian City, Dalian, Liaoning Province, was successfully acquired by Hengli Shipbuilding (Dalian) Co., Ltd., with a transaction price of RMB 116.58 million and a floor price of RMB 273 per square meter.

The land parcel, designated for industrial use, is located in Wafangdian City, Dalian, with a construction land area of 427,031 square meters and a planned construction area of 427,031 square meters. The starting bid for the land was RMB 116.58 million, with a starting floor price of RMB 273 per square meter. Hengli Shipbuilding (Dalian) Co., Ltd. is a wholly-owned subsidiary of Hengli Heavy Industry Group Co., Ltd.

Hengli Heavy Industry is cushering in a rapid development phase. On January 15th of this year, the second phase of Hengli Heavy Industry’s project, named “Future Factory,” officially put into production. The “Future Factory” focuses on the manufacturing of high-value-added green ships and high-end marine equipment, such as ultra-large oil tankers, ultra-large liquefied gas carriers, ultra-large container ships, floating production storage and offloading units (FPSO), floating offshore wind power, and drilling platforms. Once fully operational, Hengli Heavy Industry is expected to process 2.3 million tons of steel annually and produce 180 engines per year.

On January 22nd, Hengli Heavy Industry signed a patent cooperation agreement with the French company GTT for membrane containment systems, marking Hengli Heavy Industry’s official entry into the field of ultra-large LNG carrier construction. This makes Hengli Heavy Industry another shipyard in China with the capability to build large LNG carriers.

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