Located in Beijing, China, LianDi serves the largest Chinese petroleum and petrochemical companies by providing clean technology, downstream flow equipment and engineering services. While only established in 2004, LianDi is quickly becoming a major player in the rapidly growing clean technology market for oil refineries in China. Today, LianDi announced four contracts from Sinopec Mitsubishi Chemical with a combined worth of $3 million.
With these contracts, the young company will supply 222 valves to Sinopec Mitsubishi, a subsidiary of Sinopec. LianDi expects delivery to Sinopec Mitsubishi Chemical in the first half of 2011.
LianDi Clean Technology will supply all the valves in Sinopec Mitsubishi Chemical’s new polycarbonate production facilities that will incorporate Japan Mitsubishi Chemical’s proprietary melting technology.
Leading the team at LianDi Clean Technology is Mr. Jianzhong Zuo who serves as the Chairman, CEO and President of the company. Commenting on what these contracts will mean to LianDi, Zuo was quoted as saying, “We are delighted to be chosen as an equipment supplier for Sinopec Mitsubishi Chemical’s inaugural polycarbonate project. This win signifies the strong relationship we have with Sinopec and the high quality of our products. We look forward to working with Sinopec and its subsidiaries to provide innovative, cost-effective solutions.”
Currently, LianDi Clean Technology is trading in the $3.55 range. With the award of these contracts and a strong product in place, LianDi is a company that has the potential to evolve into a global power.
To learn more about the company as a whole, visit the corporate website at: www.China-liandi.com.
Let us hear your thoughts below: