Hongrun eyes bigger global market share

Specialized equipment maker steps up expansion with cutting-edge tech

Eyeing tremendous opportunities abroad amid an accelerated transformation of the global energy landscape, Hebei Hongrun Nuclear Equipment Science and Technology Industry Co Ltd has vowed to step up its international expansion with the world's largest 50,000-metric ton vertical extrusion press.

After launching the machine 12 years ago at an investment of 500 million yuan ($69.04 million), Hongrun Nuclear Equipment saw its revenue from overseas climb, with its total export value in 2023 reaching 130 million yuan, accounting for 30 percent of the company's total revenue.

This share is expected to increase this year, it said.