China Private Yards Rise

Source:Asiasis
2011.09.30
925

A total of four shipbuilders, two state-owned and two private ones, are included in China's Top 500 Companies.
Private shipyards are raising their name, for instance, Yangzijiang Shipbuilding ranked higher than state-owned Shanghai Waigaoqiao Shipbuilding (SWS), Jinhai Heavy Industry placed in Top 500 Manufacturing Companies for the first time in private yards.
Recent rankings are announced every year by China Enterprise Confederation and Chinese Entrepreneur Association, 500-company listed in terms of revenue.
The highest ranked shipbuilding related company is  China Shipbuilding Industry Corporation (CSIC), placed 61st with CNY 142.5bn ($22.2bn) down from last year. Meanwhile, China State Shipbuilding Corporation (CSSC) was counted by affiliated company and SWS took 379th place with CNY 20.1bn of turnover.
Yangzijiang Shipbuilding and New Century Shipbuilding got in to Top 500, followed by last year.

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