Yuangen Petrochemical's exports surge at start of 2024

Shandong Yuangen Petrochemical Co Ltd in the Jining High-tech Zone, Shandong province, is bustling with manufacturing activity as it gears up for a promising start to the year.

With foreign trade exports surging by over 30 percent, the company is sprinting towards a successful first quarter.

The production floors hum with efficiency as workers diligently fulfill orders. Lubricating oils such as hydraulic fluids and gear oils are packaged and readied for shipment. Yuangen Petrochemical, a stalwart in the lubricant industry for nearly three decades, began its foray into international markets as early as 2017, targeting countries involved in the Belt and Road Initiative.

The company's commitment to innovation drives its remarkable growth. With a lean workforce of just 32 people, it boasts an annual production capacity of 100,000 tons, enabled by advanced automated processes across its 55 production lines.

Emphasizing research and development, Yuangen Petrochemical has established over 2,600 product specifications and assembled a dedicated team of 50 researchers. This strategic focus on intelligence and development allows for an impressive annual capacity of 350,000 tons, providing a sturdy foundation for market expansion.

The company's 32-person workforce supports its robust development. [Photo/Dazhong News]

Yuangen Petrochemical exports its products to over 50 countries and regions in Asia, Africa, and Eastern Europe. With shipments departing 2-3 times weekly and production schedules booked into early March, the company's global footprint continues to grow.

With an array of lubrication solutions, the company has evolved into a premier lubricant production hub, earning acclaim from a diverse array of industries around the world, and its stellar performance exemplifies its prowess in the global market, setting a robust precedent for the year ahead.