Dalian Shipbuilding Ranks #4

Dalian Shipbuilding Industry Corp Ltd., China's biggest shipyard, upped its rank to number four in the world in terms of orders at hand. The company points to a combination of technical innovation and an expanded product range. Strong domestic and overseas demand was a source for the ship plant's new orders, 70 percent of which come from outside the country. Current order volumes mean Dalian Shipbuilding will work non-stop without taking any new orders until 2011. Current yearly revenue reached $1.60b and is expected to top $2.66b by the end of the 11th Five Year Plan (2005-2010), according to a company representative. [Source: www. chinadaily.com.cn]