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

  • bauma 2016: Munich event booked to capacity once again
    October 29, 2015
    This year’s bauma exhibition, the 31st event, will occupy all 605,000m2 of space at the trade-fair centre in the southern German city of Munich. Also, for the first time, companies on the waiting list for space can be listed in the bauma directory. The largest trade fair in the world is put on every third year and will take place from April 11-17. Companies without stand space will be included as additionally represented companies in the online exhibitor directory and will be listed under their res
    Read More
  • UK: FM Conway and Nynas agree Thames River bitumen storage deal
    April 15, 2015
    Infrastructure services contractor FM Conway has signed a deal to supply Nynas, a UK provider of bitumen binder, with bitumen from its recently rebuilt Imperial Wharf terminal. The facility is on the River Thames in the town of Gravesend, near the mouth of the river and down river from London. FM Conway invested around €3.5 million to refurbish the terminal which was finished last September. The terminal has the capacity to dock and store up to 7,500tonnes of bitumen. Under the deal, Nynas will bas
    Read More
  • Zoomlion signs agreement to boost global distribution and sales
    April 10, 2015
    Chinese construction equipment maker Zoomlion and Wallenius Wilhelmsen Logistics have signed what they call a “global strategic cooperation framework agreement” to create a new company. Zoomlion and Wallenius Wilhelmsen Logistics, abbreviated as WWL, will increase cooperation between the two companies in distribution network construction, PDI testing, pier construction and warehouse management. The aim is to increase the competitiveness of Zoomlion products globally, a joint statement said.
    Read More
  • CECE Summit 2020: a shift in mindset needed
    January 29, 2020
    Digitalisation and sustainability focused minds at the recent biennial CECE Summit in Brussels
    Read More

Highlighted Content