ustry. Especially at present, industry is in the development of industrial cluster expansion and promotion synchronous crossover stage,The demand for capital is very large. The fiscal policy and monetary policy adjustment brings opportunities for the convenience of enterprise financing.
Third, the opportunity of regional strategic adjustment and pipeline equipment industry's rapid integration. The economic crisis leading to a large number of small and medium-sized enterprises go bankrupt.
Forth, utilize the opportunity of attracting investment. Because of the economic crisis, many enterprises in southeast coastal face the transformation, it produces abundant folk capital. Under the condition of energy construction 、infrastructure construction, municipal construction, the great demand of the pipeline equipment will appeal to the strong attention of these folk capital. So our industry will attract private capital inflows very natural, easily.
Fifth, the opportunity of the Industry's enrichment and adjustment. There is a piece of principle: Things will develop in the opposite direction when they become extreme. The experience of historical development shows that every crisis will bring new opportunities for development.
Chapter Two Introduction to Hongrun
Hebei Hongrun Heavy Industry Group Co., Ltd is unique in the China pipeline industry as for its advanced production technology, excellent product quality and wide range of product manufacturing capabilities. Its total area is 366,000㎡, and asset value is 100million USD. The entire activities are varied out by extremely knowledgeable and committed team of engineers and associated workforce. The manpower strength is 1200 that includes 170 engineers.
There are five manufacture centers, including steel pipe factory, pipe fittings factory, boiler and vessel factory, metallurgical water-cooling equipment factory and wind power tower factory. Main products of Hongrun include large diameter thick-wall seamless steel pipe, pipe fittings and fabrication, pressure vessel, wind power tower, metallurgical equipment, waste heat boiler, power boiler, and so on. Our Quality Manage System had passed ISO9001. Hongrun's thick-walled large diameter pipes are our core competency production. These pipes are applied to equipment of thermal power plants which are more than 300MW, nuclear power, petroleum, chemical industry and connecting pipelines, etc. By importing and adopting domestic and oversea advanced technology, Hongrun became an R & D and manufacturing team that can transform design independently, produce wind power tower both onshore and offshore by importing and adopting advanced technology of domestic and foreign, including systematic training. 26000㎡ manufacture area which matching 6 produce lines and sand blasting & spray planting special manufacturing wind power tower equipments were built in Boiler and Vessel Factory in 2008, which invested RMB 160 million for this project. The production capacity of wind power tower equipments, can reach to 500 set annual. In 1998 the company was A-boiler parts manufacturing license. Until the end of 2008, Hongrun, as a supplier of Harbin Boiler Co., Ltd, Dongfang Boiler Group Co., Ltd, Wuhan Boiler Co., Ltd, Beijing Boiler Works, has produced hundreds of thousands of tons of 300MW-1000MW thermal power boiler headers, water wall, snake-like tube, pipefa
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