Yantai manufacturing enterprise embarks on global expansion

Updated: Jun 24, 2024 chinadaily.com.cn Print

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Jereh Group, a global leader in high-end oilfield equipment manufacturing, oil and gas engineering and technical services, is making major strides in expanding its overseas presence and venturing into the burgeoning lithium battery recycling sector.

Established in 1999 and headquartered in Yantai of Shandong province, Jereh Group has a global footprint spanning over 70 countries and regions. The company's core businesses encompass oilfield equipment manufacturing, oil and gas engineering and technical services, new energy, and environmental protection.

Jereh Group has become the first Chinese company to produce a range of technologies thanks to its independent research and development. In the oilfield equipment manufacturing sector, the company's continuous innovation has propelled it to the forefront of industry development. It holds the leading market share in China when it comes to fracturing equipment and cementing equipment.

Jereh Group is actively promoting overseas localization. In addition to establishing a base in Dubai, the company is also expanding production capacity at its existing plants in North America.

With the rapid growth of the new energy vehicle (NEV) market and the frequent iteration of automotive battery technology, the lithium battery recycling sector holds immense growth potential and has quickly become a new investment hotspot.

Jereh Environmental Protection Technology Co Ltd, a wholly-owned subsidiary of Jereh Group, officially entered the retired lithium battery resource recycling industry in 2021. The company has conducted in-depth research, formulated a business layout, and engaged in product development in the industry, achieving efficient recycling of all components of lithium battery resources.

Currently, Jereh Environmental Protection Technology Co Ltd is comprehensively accelerating its layout in the new energy and environmental protection fields and has made breakthrough achievements in lithium battery resource recycling technology.