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What is Honghua Groups business?

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What is Honghua Groups business?

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Honghua Group is a leading global manufacturer and a top exporter of land drilling rigs in the PRC. In addition to manufacturing drilling rigs, the Company also provides rig parts and components and offers drilling-related training as well as after-sales support services to its customers. Leveraging on its well-established global distribution network, the Companys products are sold to world-renowned customers in major oil-producing regions such as North America and the Middle East, and emerging markets such as Russia, China and Africa. In June 2009, the Company has confirmed Qidong City, Jiangsu Province as the site for constructing its offshore equipment production base. Honghua is well-positioned and poised to enter the offshore drilling rig market, paving the way to becoming the leading player in the oil and gas drilling equipment industry.

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