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Hilong (China) has launched a facility for applying hi-tech coating to drill pipes at the Tekhnomash Plant in Nevyansk. This was reported by the Information Policy Department of the Sverdlovsk Region Governor.
Chinese Íilong launches facility in Sverdlovsk Region
Hilong (China) has launched a facility for applying hi-tech coating to drill pipes at the Tekhnomash Plant in Nevyansk. This was reported by the Information Policy Department of the Sverdlovsk Region Governor.
Tekhnomash is the Russia's only subsidiary of Hilong group (PRC) specializing in applying hi-tech polymer coating to drill pipes. The amount invested in the Nevyansk project is RUB 328 million.
Van Tao, the CEO of Hilong, said he intends to expand production. Investments may reach some $20 million in 2016.
Hilong group is an international corporate group accounting for 17% in the global market of oil sector pipe coatings and 75% of the said market in China. The group's headquarters are located in Beijing.
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