ExxonMobil Lubricants reached strategic cooperation with Qingdao Special Steel

Mr. Zhang Qinzhao, Director of Equipment and Material Purchasing Department, Qingdao Special Steel Co., Ltd. (left) and Mr. Huang Weifang, Deputy General Manager of ExxonMobil (China) Investment Co., Ltd. (right), signed a strategic cooperation agreement

According to the agreement, Exxon Mobil will provide a comprehensive lubrication solution for Qingdao Special Steel - Mobil will help Qingdao Special Steel to upgrade its wire rods, flat steels and bars through its full range of high-performance lubrication products and professional technical services. The production efficiency of major business operations further reduces the operating costs of the company and enhances the company’s core competitiveness. At the same time, Exxon Mobil will work together with Qingdao Special Steel to cooperate in many aspects such as product selection, oil analysis and planned engineering services to help Qingdao Special Steel become a world-class special steel base based in Qingdao and radiating Northeast Asia.

The Ministry of Industry and Information Technology in the iron and steel industry in 2016 released in early March of this year and 2017 outlook pointed out that as China's economic growth shifts from high-speed growth to high-speed growth, the mode of economic growth shifts from extensive speed-based growth to quality-based intensive growth; From the perspective of incremental energy expansion, the economic structure has shifted to adjust the depth of the adjustment of existing stocks and premiums. The intensity of demand for steel products in industries such as traditional manufacturing and real estate will decline, and demand for high-end manufacturing and emerging industries will increase. Overall, steel demand in 2017 is expected to remain stable and grow slightly. Therefore, companies must strengthen the quality of technological research, adhere to the development of quality and efficiency. Under this background, Qingdao Special Steel adheres to the principle of “high starting point planning, high standard construction, and high quality development” and adheres to the product strategy of “high-end differentiation”, constantly introducing advanced equipment and technologies from abroad, and applying highly informatized technologies. The process control, and strive to provide better products and services for equipment manufacturers.

Mr. Xu Ming, Director of Equipment Power Division of Qingdao Special Steel Co., Ltd., said at the signing ceremony: “2017 was a special year for Qingdao Special Steel. It not only successfully carried out strategic reorganization but also reached strategic cooperation with ExxonMobil. With the new historical opportunity, we hope that this time deepen cooperation and the two sides will join forces to achieve mutual benefits and win-win cooperation."

"As a pioneer and leader in lubrication technology, Exxon Mobil is leading the way in the field of steel lubrication products and services, relying on technological innovation, technology leadership and industry expertise, and is always in line with equipment manufacturers in technological innovation, product development and other fields. Close cooperation.” Mr. Huang Weifang, deputy general manager of ExxonMobil (China) Investment Co., Ltd., stated that “Exxon Mobil and Qingdao Special Steel will continue to develop in depth through strategic cooperation and join forces to challenge the industry transformation. ."

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