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

  • International Growth for Liugong with European expansion plans
    January 6, 2017
    LiuGong is one of China’s longest established construction equipment firms – Mike Woof reports Based in Liuzhou, LiuGong is one of China’s longest established construction equipment manufacturers and the company dates back to the 1950s. This large and successful firm has grown both organically and by acquisition and its most recent strategic purchase has been for the Polish HSW company making the Dressta range of bulldozers. This plant forms a key part of LiuGong’s international growth plans and will be use
    Read More
  • International Growth for Liugong with European expansion plans
    November 26, 2012
    LiuGong is one of China’s longest established construction equipment firms – Mike Woof reports Based in Liuzhou, LiuGong is one of China’s longest established construction equipment manufacturers and the company dates back to the 1950s. This large and successful firm has grown both organically and by acquisition and its most recent strategic purchase has been for the Polish HSW company making the Dressta range of bulldozers. This plant forms a key part of LiuGong’s international growth plans and will be use
    Read More
  • Ammann opens factory in Zhangjiagang, China
    August 22, 2023
    The 50,000m² plant, which includes 5,000m² dedicated to administration, has the capacity to produce 80-100 asphalt-mixing plants annually.
    Read More
  • RiverLinx consortium inks London’s Silvertown Tunnel deal
    November 27, 2019
    The RiverLinx consortium has reached financial close on the €1.17 billion Silvertown Tunnel project after a three-year procurement process by the client Transport for London.
    Read More

Highlighted Content