SYS-CON MEDIA Authors: Carmen Gonzalez, Ava Smith, Scott Bampton, Elizabeth White, Glenn Rossman

News Feed Item

Xiangyu Dredging Awarded "2012 China Dredging Company of the Year"

Industry's Prospect and Corporate Strengths Received Recognition

HONG KONG, Nov. 20, 2012 /PRNewswire/ -- Xiangyu Dredging Holdings Limited ("Xiangyu Dredging" or the "Company", stock code: 871), the largest privately owned dredging company in China in terms of dredging volume in 2010, has been awarded "2012 China Dredging Company of the Year" by Frost & Sullivan, the globally renowned consulting company, in recognition of Xiangyu Dredging's outstanding achievements in terms of business expansion, technological advancement for environmentally-friendly dredging and targeted development strategies.

"China Dredging Company of the Year" aims at acknowledging excellent quality, superior services and good reputation of the chosen dredging company. Xiangyu Dredging is committed to providing quality customer-orientated dredging services. Amid a global and regional economic slowdown, Xiangyu has outperformed its peers thanks to a well-focused business strategy, especially with its expertise in environmentally-friendly dredging buttressed by a top-line alignment of advance technologies and equipments. In particular, the company's leading technological edges in areas such as hi-efficiency drying has built for it a solid reputation within a short period of time in capital and reclamation dredging and leading the environmental dredging industry.

Frost & Sullivan, a global growth consulting company, publishes over 500 comprehensive industry converge per year, partners with clients to support the development of innovative strategies for more than 40 years. The company serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community. Frost & Sullivan has won a worldwide reputation for its high-quality services in more than 300 major industries.

Mr. Liu Kaijin, Joint Chairman, executive Director and CEO of Xiangyu Dredging, said, "Xiangyu is delighted and honored to see its hard work recognized by the international business community. We have adamantly adhered to a corporate mission of 'Grasping every valuable opportunities to build a leadership in environmental protection dredging'. China's favorable water conservancy and environmental protection policies open a broad horizon for Xiangyu's growth plan. We are committed to build an ever more beautiful China with our experience and expertise as China's leading player in environmentally protection dredging industry."

About Xiangyu Dredging

Xiangyu Dredging has been listed on the Stock Exchange of Hong Kong ("SEHK") on 20 June 2011. The Company is the largest privately owned dredging company in China in terms of dredging volume in 2010, according to the Frost & Sullivan Report. The Company is engaged in providing capital & reclamation dredging, environmental protection dredging, dredging related construction business and other marine business services. The Company has cultivated strong client relationships and has a strong project pipeline including large-scale projects with prestigious clientele. In 2011, the total revenue was increased by 203% to RMB 1.14 billion, integrated net profit grew by 219% to RMB 300 million. The Company has strong ability to evaluate project profitability and selectively engage in profitable projects, and have undertaken contract work on dredging projects such as Dalian Changxingdao Harbor Project and Tianjin Project. The Company achieved an average dredger working efficiency rate of approximately 83% in 2010, which was higher than the industry average of 70% in China.

This press release is issued by Wonderful Sky Financial Group Limited on behalf of Xiangyu Dredging Holdings Limited

SOURCE Xiangyu Dredging Holdings LimitedP

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that TMCnet has been named “Media Sponsor” of SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Technology Marketing Corporation (TMC) is the world's leading business to business and integrated marketing media company, servicing niche markets within the communications and t...
As cloud gives an opportunity to businesses to buy services externally - how is cloud impacting your customers? In his General Session at 15th Cloud Expo, Fabio Gori, Director of Worldwide Cloud Marketing at Cisco, will provide answers to big questions: Do you see hybrid cloud as where the world is going? What benefits does it bring? And how does Cisco connect all of these clouds? He will also te...
Can we look to the paradigm of cloud computing from a completely different perspective? In his General Session at 15th Cloud Expo, Gundars Kulups, Sales Director at DEAC, will discuss what we can learn from our dining habits when choosing a cloud solution. Gundars Kulups is Sales Director at DEAC, full service data center operator. An IT expert, he specializes in European countries and has worke...
SYS-CON Events announced today that AgilePoint, the leading provider of Microsoft-centric Business Process Management software, will exhibit at SYS-CON's 2nd International @ThingsExpo which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. AgilePoint is the leading provider of Microsoft-based Business Process Management (BPM) software products, has 1,...
SYS-CON Events announced today that Parasoft will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. For 27 years, Parasoft has researched and developed software solutions that help organizations deliver defect-free software efficiently. By integrating Development Testing, API/cloud/SOA/composi...
The 4th International DevOps Summit, co-located with16th International Cloud Expo – being held June 9-11, 2015, at the Javits Center in New York City, NY – announces that its Call for Papers is now open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and ...
The Internet of Things (IoT) promises to evolve the way the world does business; however, understanding how to apply it to your company can be a mystery. Most people struggle with understanding the potential business uses or tend to get caught up in the technology, resulting in solutions that fail to meet even minimum business goals. In his session at Internet of @ThingsExpo, Jesse Shiah, CEO / ...
We live in a time when seconds – even milliseconds – can have a dramatic economic impact on your company’s future. With technology being the primary conduit for consumer interaction, the user experience is at center stage. User experience will be a deciding factor in separating the future winners from the losers. By building more speed and agility into the application delivery process, DevOps prom...
SYS-CON Events announced today that Utimaco will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Utimaco is a leading manufacturer of hardware based security solutions that provide the root of trust to keep cryptographic keys safe, secure critical digital infrastructures and protect high val...
One of the biggest challenges when developing connected devices is identifying user value and delivering it through successful user experiences. In his session at Internet of @ThingsExpo, Mike Kuniavsky, Principal Scientist, Innovation Services at PARC, will describe an IoT-specific approach to user experience design that combines approaches from interaction design, industrial design and service...