Wanliyang Group Joins CNPC to Establish Joint Laboratories

On May 29, 2012, the Lanzhou Lubricants Research and Development Center of CNPC and the Wanliyang Group Co., Ltd. “Joint Laboratories for Transmission Lubrication New Materials” contract inauguration ceremony were held in Hangzhou.

CNPC Lanzhou Lubricant Research and Development Center is a subsidiary of China National Petroleum Lubricant Corporation. It is a large-scale company that integrates the research, development, analysis and evaluation, technical information research and market services of lubricants and lubricant additives, fuels and fuel additives, and crude oil processing technology. The comprehensive scientific research entity has strong research and development strength in the professional research field of “two oils and two doses”.

Wanliyang Group was established in 1996. It is a trans-regional and diversified large-scale enterprise that focuses on the rapid development of the rapid development of the financial services industry and the modern logistics industry with the main business of R&D, manufacturing and sales of automotive transmissions. At present, the Wanliyang Group has a total asset of 3 billion yuan. In 2011, it sold 950,000 sets of automobile transmissions and achieved an operating income of 2.65 billion yuan. The market share of commercial vehicle transmissions ranks first in the country.

The total investment of the “Lubricating Lubricant for New Materials Laboratory” jointly developed by CNPC Lanzhou Lubricant Research and Development Center and Wanliyang Group Co., Ltd. is 700 million yuan and covers an area of ​​200 mu. After the laboratory is established, it will focus on The research and development of new products and application technologies for transmission lubricating oils, process oils and related additives, relying on the resource advantages of both parties, jointly promote the international OEM certification, production and application of R&D products. It is estimated that annual sales will reach 3 billion yuan after full production.

Party Secretary Chen Xiao expressed his congratulations on the successful signing of the parties. Chen Xiao said that PetroChina is an aircraft carrier in state-owned enterprises and has a dominant position in China's oil and gas production, processing, and markets. Wanliyang Group is a leading enterprise in Xiangcheng District and also plays a decisive role in the R&D, production and market of the national automotive transmission industry. The successful signing of the two parties will play an important role in promoting the development of the Xiangcheng District economy and the related industries. Chen Xiao hopes that CNPC will pay more attention to Yucheng and carry out extensive and in-depth cooperation in wider fields such as industrial development and urban development. Licheng District will also create a first-rate investment environment and create even more brilliant achievements with a more pragmatic style. tomorrow.

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