Despite fluctuating demand patterns throughout the year, the world’s two biggest box builders, China International Marine Containers (CIMC) and Singamas Container Holdings, have reported record results for 2011.
CIMC’s container business generated a sales income of RMB35.04B (US$5.56B) in 2011, up 38.26% over the previous year, with a net profit of RMB3.629B (US$575.8M), up 19.42%. The production and sales volumes and operating revenues of the dry cargo container and reefer container business segments hit a record high, while sales incomes and net profits generated in the special purpose container, modular buildings and wood flooring business segments recorded significant year-on-year growth.
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This complete item is approximately 250 words in length, and appeared in the April 2012 issue of WorldCargo News, on page 17. To access this issue download the PDF here.
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