Shanghai Zhenhua Port Machinery Company
Encyclopedia
Shanghai Zhenhua Port Machinery Company (ZPMC; ), in short form Shanghai Zhenhua (}), is the world's largest manufacturer of cranes
and large steel
structures.
company of China Communications Construction Company (CCCC). It specializes in designing, manufacturing
, erecting, commissioning
, shipping
in fully erected state, after-sales servicing and developing new port machinery products. Its main products include container cranes (QCs), rubber-tyred gantry cranes (RTGs), bulk-material ship loaders and unloaders, bucket—wheel stackers and reclaimers, portal cranes, floating cranes engineering vessels and large steel bridge structures.
ZPMC was listed on the Shanghai Stock Exchange
for A share
and B share
. The net assets of ZPMC have reached USD 450 million.
On June 8, 2009, the company rebranded itself as Shanghai Zhenhua Heavy Industries Co., Ltd.
. Although, the company had no previous experience in bridge construction, California officials selected it based on the advantages of "huge steel fabrication facilities, its large low-cost work force and its solid finance." The project employs 3000 workers who have built a main bridge tower and will complete 28 bridge decks.
Crane (machine)
A crane is a type of machine, generally equipped with a hoist, wire ropes or chains, and sheaves, that can be used both to lift and lower materials and to move them horizontally. It uses one or more simple machines to create mechanical advantage and thus move loads beyond the normal capability of...
and large steel
Steel
Steel is an alloy that consists mostly of iron and has a carbon content between 0.2% and 2.1% by weight, depending on the grade. Carbon is the most common alloying material for iron, but various other alloying elements are used, such as manganese, chromium, vanadium, and tungsten...
structures.
History
The company was founded in 1992. It is the subsidiarySubsidiary
A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...
company of China Communications Construction Company (CCCC). It specializes in designing, manufacturing
Manufacturing
Manufacturing is the use of machines, tools and labor to produce goods for use or sale. The term may refer to a range of human activity, from handicraft to high tech, but is most commonly applied to industrial production, in which raw materials are transformed into finished goods on a large scale...
, erecting, commissioning
Project commissioning
Project commissioning is the process of assuring that all systems and components of a building or industrial plant are designed, installed, tested, operated, and maintained according to the operational requirements of the owner or final client...
, shipping
Shipping
Shipping has multiple meanings. It can be a physical process of transporting commodities and merchandise goods and cargo, by land, air, and sea. It also can describe the movement of objects by ship.Land or "ground" shipping can be by train or by truck...
in fully erected state, after-sales servicing and developing new port machinery products. Its main products include container cranes (QCs), rubber-tyred gantry cranes (RTGs), bulk-material ship loaders and unloaders, bucket—wheel stackers and reclaimers, portal cranes, floating cranes engineering vessels and large steel bridge structures.
ZPMC was listed on the Shanghai Stock Exchange
Shanghai Stock Exchange
The Shanghai Stock Exchange , abbreviated as 上证所/上證所 or 上交所, is a stock exchange that is based in the city of Shanghai, China. It is one of the two stock exchanges operating independently in the People's Republic of China, the other is the Shenzhen Stock Exchange...
for A share
A share
In finance the term A share has two distinct meanings, both relating to securities.* The first is a designation for a 'class' of common or preferred stock. A shares of common or preferred stock typically have enhanced voting rights or other benefits compared to the other forms of shares that may...
and B share
B share (mainland China)
B shares on the Shanghai and Shenzhen stock exchanges refers to those that are traded in foreign currencies...
. The net assets of ZPMC have reached USD 450 million.
On June 8, 2009, the company rebranded itself as Shanghai Zhenhua Heavy Industries Co., Ltd.
Bay Bridge
The company is the fabricator of the new Bay Bridge located in the San Francisco Bay AreaSan Francisco Bay Area
The San Francisco Bay Area, commonly known as the Bay Area, is a populated region that surrounds the San Francisco and San Pablo estuaries in Northern California. The region encompasses metropolitan areas of San Francisco, Oakland, and San Jose, along with smaller urban and rural areas...
. Although, the company had no previous experience in bridge construction, California officials selected it based on the advantages of "huge steel fabrication facilities, its large low-cost work force and its solid finance." The project employs 3000 workers who have built a main bridge tower and will complete 28 bridge decks.