Exxon Mobil and Tiejian Heavy Industry signed a strategic cooperation framework agreement

On May 17, 2019, ExxonMobil (China) Investment Co., Ltd. (hereinafter referred to as ExxonMobil) and China Railway Construction Heavy Industry Group Co., Ltd. (hereinafter referred to as: Tiejian Heavy Industry) signed a strategic cooperation framework agreement. The two sides formally form a strategic partnership.

This year, affected by the downstream infrastructure demand, environmental protection efforts, equipment renewal demand and other factors, the construction machinery industry is developing rapidly. In 2018, the whole industry will continue to grow on the basis of good development in 2017, and the whole industry will realize operating income in 2017. 540.3 billion, an increase of 12.7% compared with 2016. In 2018, the industry maintained a growth rate of 10%. In 2019, the whole industry maintained a stable and steady development trend.

ExxonMobil and Tiejian Heavy Industry respectively introduced the resource advantages of their respective companies in the industry, and conducted in-depth exchanges and discussions on future cooperation. According to the cooperation agreement, the two parties will carry out comprehensive and continuous depth in the aspects of shield machine lubricating grease series, shield machine after-market service, brand cooperation, market development, grease technology exchange, global lubricant product supply and service. Cooperation, in order to better meet the needs of end users, and promote the further development of China's underground engineering equipment industry.

As a subsidiary of China Railway Construction Co., Ltd., a Fortune 500 company, Tiejian Heavy Industry Co., Ltd. is a specialized enterprise integrating research, design, manufacture and service of high-end underground equipment and track equipment. With the leading domestic professional production line of shield machine Actively participate in the construction and research and development of the underground engineering equipment industry. With more than 150 years of experience in lubrication management, ExxonMobil is committed to deepening China's commitment to help develop equipment through a comprehensive lubrication solution tailored specifically for the construction machinery industry.