XCMG inks a deal with Sinopec to produce hydraulic fluids

Zhao Jian, of Sinopec, and Sun Jianzhong, vice president of XCMG Construction Machinery, officially signed an agreement for the two organisations to co-operate on developing hydraulic fluids. The deal was inked during an opening ceremony at bauma on the stand of XCMG, China’s largest construction machinery manufacturer. A spokesperson for XCMG said it is the first time that an agreement has been sig
April 12, 2016 Read time: 1 min

Zhao Jian, of 6899 Sinopec, and Sun Jianzhong, vice president of 2490 XCMG Construction Machinery, officially signed an agreement for the two organisations to co-operate on developing hydraulic fluids.
The deal was inked during an opening ceremony at bauma on the stand of XCMG, China’s largest construction machinery manufacturer.

A spokesperson for XCMG said it is the first time that an agreement has been signed between a major national Chinese oil products producer and a large manufacturing company in the construction sector.

Sinopec was set up as a joint stock entity under the China Petrochemical Corporation Group - Sinopec Group - in 2000 and is listed in Hong Kong, New York, London and Shanghai. It operates more downstream than PetroChina.

Sinopec products include everything from fertilizers and petrochemicals to refined oil products.

For more information on companies in this article

Related Content

  • Chinese manufacturers LiuGong and XCMG in Europe
    October 16, 2012
    Both LiuGong and XCMG are increasing their manufacturing operations, with a focus on Europe - Guy Woodford reports The near 4,000m² site is situated about 35km from Amsterdam and is said to have convenient access to European cities via air, sea and highway. The European headquarters will serve as the Chinese firm’s sales hub, technical support base and spare parts distribution centre for existing and potential customers. “This new office will strengthen our presence as a top construction equipment manufactu
    Read More
  • Bullish outlook for bauma China
    March 21, 2012
    Infrastructure expansion is the key to China’s continued economic development, according to the organisers of the upcoming bauma China 2012 event to be held in Shanghai. The bauma China 2012 show will take place from November 27 to 30, 2012 in Shanghai. Over 2,000 exhibitors are expected to take part in this “International Trade Fair for Construction Machinery, Building Material Machines, Construction Vehicles and Equipment”. And – for the first time – the event will be taking up the entire site at the Shan
    Read More
  • Strong performance for upcoming bauma China event
    December 14, 2012
    The organisers of bauma China have every right to feel pleased with their work - Mike Woof reports As the bauma China 2012 exhibition closed its doors, the organisers were likely congratulating themselves over a highly successful event. Anyone walking the aisles at this exhibition cannot fail to have noticed the huge numbers of visitors, with early figures saying that 180,000 people visited the show. This was a notable 16% increase over the 155,615 visiting this exhibition in 2010. Despite the slowdown in t
    Read More
  • Chinese firms embrace CONNEXPO-CON/AGG 2017
    March 21, 2017
    Chinese construction manufacturers were out in full force at the recent CONEXPO/CON-AGG 2017 in Las Vegas. Nearly 130 original equipment manufacturers and their supply Chinese supply chain component makers were represented – the most at any previous CONEXPO/CONAGG event. OEMs included XCMG, Sany, Zoomlion, Shantui, Sunward, LiuGong and SDLG. Nick Yaksich, senior vice-president of AEM – the US’s Association of Equipment Manufacturers and which organised the event - said the large Chinese contingent
    Read More

Highlighted Content