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

  • XCMG reveals path ahead
    September 30, 2024
    Chinese construction machinery giant XCMG has revealed the path ahead.
    Read More
  • Boom in Asian infrastructure investment
    April 5, 2012
    Investment in China and India continues unabated, but other nations on the continent are eager to attract companies as Patrick Smith reports Asia is still booming despite the current economic crisis, and new infrastructure programmes are constantly coming on stream. Powerhouses China and India, with their double-digit growth figures and huge infrastructure plans (in scope and cost), are leading the way and are still magnets for businesses wishing to expand, both in terms of facilities and customers. But oth
    Read More
  • CECE Summit – is Europe ready for a digital construction worksite?
    November 20, 2015
    The CECE has voiced his concern over government regulations that could strangle innovation for the digitalisation of construction machinery. China’s imploding economy was another topic at the recent conference in Brussels, reports David Arminas. The CECE has urged the European Parliament and European Commission to enact legislation that promotes rather than hinders the construction sector’s transition to a digitalised way of working. “We need a smart regulatory framework that helps to unlock the full poten
    Read More
  • The doors open on a record-breaking bauma China 2018
    November 22, 2018
    You can tell a lot from numbers – and this year’s bauma China exhibition is set to be a record-breaker! The exhibitor numbers represent an impressive 11% increase on the 2,958 exhibitors from 41 countries that presented their products and innovations to around 170,000 visitors at the 2016 event.
    Read More

Highlighted Content