2012 November 30, Hough Group and US oil companies lubricants TOP1 project strategic cooperation signing ceremony and press conference was held in Shandong Yucheng City, the two sides announced the establishment of TOP1 lubricants China project, which means that the United States lubricating After the oil brands achieved breakthroughs in more than 50 countries and regions in the world, they officially entered the Chinese market.
This strategic cooperation and transaction is one of the important strategic investments of the Hohhot Group in the energy-saving and renewable industries. The total investment of the project is 300 million yuan. Mr. Huo Zhenxiang, Chairman of the Hobson Group, described the marriage with the US TOP1 as a “combination of natureâ€. He said that TOP1 has strong technical strength in lubricants and has excellent experience in synthetic lubricant technology; The market has a wealth of experience and successful cases in the lubricant industry. The two companies have combined their “leading synthetic technologies†and are determined to become leaders in the Chinese synthetic oil market. It is understood that TOP1 has a large number of worldwide technology patents, especially in terms of synthetic oil technology.
The arrival of US TOP1 lubricants added another high-end lubricant brand to China's lubricants market. In recent years, the ratio of international economic growth and the actual demand for lubricants has increased by 2:1. The steady growth of China’s economy and the huge auto industry have led to a 1.5% increase in the global demand for lubricants, and China’s growth rate is close to this figure. ten times. In other words, China's future oil market growth is still huge.
The Liberal Huo’s CEO Li Jia believes that China has become “the home of lubrication power in the world.†He said: “TOP1 is a high-tech lubricant brand in the United States. In China, we will extend this advantage and allow TOP1 lubricants. Become a leading brand of synthetic oil in the Chinese market." It is estimated that by 2020, the demand for lubricants in the Asia-Pacific region will account for more than half of global demand, and half of the increase in demand will come from China. By 2015, China may replace the United States and become the world's largest lubricant market. At the same time, China’s demand for high-end lubricants is also increasing. In the environment and environmental protection, the Top1 lubricants meet the needs and trends of the industry with prominent high-end lubricants, or will break the Chinese lubricant market. The low-end bottleneck affects and drives the industry to upgrade.
TOP1 lubricants formally enter the Chinese market, and they are intended to bring breakthrough use experience to Chinese users.
“We are full of hope for the future of TOP1 lubricants in China,†said Joe Ryan, chief executive officer of US TOP1 oil company. The Hohhot Group is a leading diversified industrial group in China and has successfully established first-line lubricating oil brands in the Chinese market. With excellent experience, it is hoped that together with its Chinese partners, it will become a leader in promoting the high-end lubricants market in China, bringing a breakthrough experience for high-end lubricants to Chinese users.
Since 2001, TOP1 Lubricants set the first battle of overseas deployment in Hong Kong, India, Malaysia and other places have been stationed one after the other. The rapid development of the Asian market as a collective of industrial countries is becoming the strategic core of TOP1's future. In this regard, Joe Ryan believes that China is the economic engine of Asia and the world. The rapid economic growth and market potential will bring new growth opportunities and broad development space for TOP1 lubricants. The strategic cooperation with the Hobson Group will also be Help TOP1 lubricants promote the popularization and application of synthetic lubricants and better serve Chinese users.
According to reports, the United States TOP1 Oil Company is a professional lubricant company involved in the production and sale of automobile oil, motor oil, industrial oil, automotive maintenance products and additives. In 1979 by William. Mr. Ryan was founded in the United States and is currently based in California. As a high-tech lubricants brand in the US, TOP1 has numerous worldwide patents, especially in terms of synthetic oil; TOP1 is the only manufacturer authorized by NASA to develop new technology lubrication systems, and is the largest synthetic lubricant in the US One of the production companies. Over the years, TOP1 has sponsored top global events such as MOTOGP and Dakar Rally; “ACKAttack†motorcycle with TOP1 lubrication technology has broken the Guinness Book of World Records for the third time, and lifted the world record of motorcycle's fastest speed to 605KM/hour. .
About the Hobbs Group
Headquartered in Beijing, the Hodgkin Group Corporation was founded in 1983 and is one of the leading diversified industrial groups in the country. After 29 years of rapid development, it has now grown to a total asset of over RMB 5 billion and annual revenue exceeds RMB 6 billion. A multi-industry integrated industrial group with RMB 300 million in annual profits and taxes. The Group owns four core businesses - modern warehousing logistics, energy saving and renewable industries, modern Chinese tea for consumer products, and financial investment pawnshops businesses; the group also owns the entertainment and leisure industries of the Daqian world forest hot spring resort, and is also involved in automotive lubricants. The industry is in a leading position in the market. Among them, the Group’s Baleway modern warehousing and logistics is one of the largest warehousing and logistics centers in North China, ranking seventh in the country in 2011; its joint venture company – unified lubricants is one of the largest automotive lubricant manufacturers in China. , ranked 16th in the world...
About US TOP1 Lubricants
US TOP1 Oil Company is a professional lubricants company involved in the production and sales of automobile oil, motor oil, industrial oil, automotive maintenance products and additives. In 1979 by William. Mr. Ryan was founded in the United States and is currently based in California. As a high-tech lubricants brand in the United States, TOP1 has numerous worldwide patents, especially in terms of synthetic oil; TOP1 is the only manufacturer authorized by NASA to develop new technology lubrication systems; it is the largest synthetic lubricant in the US One of the production companies. Over the years, TOP1 has sponsored top global events such as MOTOGP; the “ACKAttack†motorcycle with TOP1 lubrication technology has broken the Guinness Book of World Records for the third time, and lifted the world record for the fastest speed of motorcycles to 605 KM/hour...
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