FUCHS China Concludes a Strategic Cooperation Agreement with Rizhao Steel
On May 5 2016, FUCHS China concludes a strategic cooperation agreement with Rizhao Steel in Rizhao City. Both parties established an all-round strategic partnership based on the principles of long-term cooperation, reciprocity, joint development, steadiness and innovation, and fully carry out cooperation on structural optimization of lubricants, strengthening technical services and multi-channel business operation of Rizhao Steel.
Dr. Andreas Bastian, Sales Vice President of Industrial Oil in FUCHS China and Mr. Zhu Guoyi, Vice President of RiZhao Steel Holding Group Co., Ltd., sign the strategic cooperation agreement on behalf of their respective companies. Ms. Chen Xiaoying and other leaders from RiZhao Steel Holding Group Co., Ltd. and Mr. Zhu Qingping, FUCHS China CEO, Mr. Ge Ruijin, head of Steel Division and Mr. Wang Donghua, who is the head of industrial Oil in the north area respectively in FUCHS China also attend the signing ceremony.
In order to satisfy the optimal management of lubricants in Rizhao Steel, FUCHS Lubricants not only supplies products, but also integrates services, experts and application technology to provide one-stop holistic solutions for Rizhao Steel. The strategic cooperation agreement between both parties will directly help Rizhao Steel lower the management complexity of lubricating oil, optimize the purchase cost and promote the application and management level of oil. FUCHS China has also expanded its oil business in the steel industry, and it will have a demonstrative bearing on the cooperation model of using lubricating oil in the steel industry.
FUCHS Petrolub SE
As one of the largest independent manufacturers of lubricating oil, FUCHS Petrolub SE was established in Germany in 1931, and its business spreads all over the world. FUCHS Petrolub SE seized the opportunity of supporting China’s industrial development and entered China’s market in 1988. It is one of the earliest international lubricant enterprises which invest in China. FUCHS Lubricants (China) Ltd. accomplished integration in 2006, which marked that FUCHS Petrolub SE had entered a new stage of development in China. Focusing on the production bases in Shanghai and Yingkou, FUCHS (China) takes 20 offices in China’s key cities as its marketing frontline, builds a long-term strategic partnership with more than 300 authorized dealers, and fully exploits the flourishing market of China’s medium and high level of lubricating oil.
Rizhao Steel
Rizhao Steel is a large-scale steel joint venture with complete supporting facilities, which integrates sintering, iron and steel smelting and rolling. Depending on the favorable condition of Rizhao Port, experience of operating the steel plant for many years and efficient operation mechanism as well as concise and practical management conception, it has become a large-scale steel joint venture which is the most influential and competitive in China. In 2015, Rizhao Steel manufactures 13.39 million tons of steel, achieving sales revenue of RMB 32.5 billion and profit and RMB tax of 1.712 billion. The main products of Rizhao Steel include hot rolled coils, hot rolled strip, cold-formed board, pickled steel board, zinc coated steel, section steels, rebar, wire, etc. It cooperates with Acciaiera and SMTS. The exclusively imported ESP production line and its supporting equipment can manufacture hot rolled extremely thin board sizing 0.8-6.0mm×900-1600mm, cold-formed board, pickled steel board, zinc coated steel and other products, which fills up the domestic gap. Its technical advanced feature has been recognized as one of top ten events of China’s steel industry in 2015.