Sinopec Lubricant Company and South Cement Co., Ltd. signed an agreement for strategic cooperation on December 13, 2012 in Beijing. In the future, both parties will carry out multi-level, all-round cooperation in the field of lubricant products used in their cooperation will extend to grease, synthetic grease and other lubricants.
South Cement Co., Ltd. is among the largest professional cement group companies with advanced technology and excellent management in China's cement industry. Meanwhile, Sinopec Lubricant Company is the largest professional production and sales group of high-grade lubricant. Therefore, this effort will be win-win cooperation for enhancing industrial competitiveness.
This agreement will deepen previous cooperative efforts, enhance the bilateral cooperation to a new level, and create new value in lubricating technology and management. It can not only help cement enterprises in improving their management over lubricant business, but also enable Sinopec to conduct synchronous R&D for lubricating products, which provides powerful technical support to the cement industry in enhancing the productivity and competitiveness.