Shipbuilder set to triple turnover, grow capacity

CHINA Shipbuilding Industry Corp, one of the nation’s two state-run shipbuilding groups, plans to triple its turnover by 2015 when it expands its building capacity to meet rising global demand.

The Beijing-based group said yesterday it expects to achieve a turnover of 150 billion yuan (US$18.75 billion) in 2015, up from the 50 billion yuan last year, said Wu Qiang, vice president of CSIC.