FUCHS China And Rizhao Steel Renewed Strategic Cooperation Agreement Again

Signing Ceremony: Embarking on a New Journey of In-depth Cooperation

On October 15, the strategic cooperation signing ceremony between FUCHS China and Rizhao Steel was successfully held at Rizhao Steel.

FUCHS China and Rizhao Steel signed the strategic cooperation agreement for the first time in 2016 and renewed it in 2019. The cooperation has lasted for 8 years so far. This signing is another important milestone in the years-long cooperation relationship between the two parties and ushers in a new chapter of cooperation.

Strong Alliance: Advantages of Both Sides Build Foundation for Cooperation

Since its establishment in 2003, Rizhao Steel has developed rapidly, creating metallurgical miracles with "Rizhao Steel Speed" and becoming a large-scale iron and steel enterprise with a production capacity of tens of millions of tons and tax payments of over 1.5 billion euros. It not only has advanced modern production processes and supporting facilities but also has accumulated rich production experience and profound market resources. In a word, it is definitely a leader in Chinese steel industry.

During the meeting, Dr. Thomas Christmann, FUCHS Group GMC member & Executive Vice President Industry, and Mascaro Albert, Head of Global Business Segment Basic Metal, deeply analyzed the trend of the global steel industry. They pointed out that the steel industry has increasingly higher requirements for lubricants: it not only needs to have excellent performance to cope with extreme working environments but also needs to meet various needs such as environmental protection and high efficiency.

What FUCHS provides to Rizhao Steel is not just products but a one-stop lubrication solution. According to the actual production needs, FUCHS assists Rizhao Steel in optimizing the lubricants structure, streamlining varieties, and improving management efficiency. Through inventory management and de-packaging, FUCHS effectively helps reduce procurement and usage costs.

Cooperation Example: ESP Production Line Witnesses Outstanding Results

FUCHS team visited the first ESP high-strength ultra-thin steel production base in China at Rizhao Steel. This production line is at the forefront of the world's steel technology, which only takes 7 minutes from molten steel to extremely thin steel coils, greatly improving the production efficiency of steel coils.

At present, about 90% of the lubricants in use in the ESP production line are provided by FUCHS. With excellent performance, FUCHS products provide stable lubrication protection for production line equipment. In addition, FUCHS makes full use of its professional knowledge and technical advantages, actively promotes inventory management and de-packaging, deepens on-site technical service support, and helps Rizhao Steel reduce costs and expand market competitive advantages.

Future Outlook: Create Unlimited Possibilities Hand in Hand

In the future, FUCHS will continue to invest in research and development efforts to provide Rizhao Steel with better-quality and more targeted lubrication products and lubrication solutions. Rizhao Steel will, with the support of FUCHS' products and services, continuously optimize the production process and improve production efficiency and product quality.

Through close cooperation, FUCHS and Rizhao Steel will achieve resource sharing and complementary advantages, and jointly create more brilliant achievements in the steel industry and set an exemplary model of win-win cooperation, creating unlimited possibilities!