It was restructured in 1997 with the approval of Economic Control Committee. This is a professional enterprise encompassing production, sale, transportation and storage. Supported by Sinopec and China Petroleum, the company has established long-term cooperative relationships with many large-scale refinery factories.
Production value and efficiency rise rapidly on credit and strength since the company's restructuring. Production value has exceeded RMB 10 million in both 1999 and 2000. Products are widely used in the fields including petroleum, chemical, solvent, triphen, medicine, rubber, fat, finishing, printing ink and ink oil print etc.. Sales channels have covered Guangdong, Fujian, Zhejiang, Shanghai etc.. The company has established good cooperative relationships with about 300 enterprises.