A few days ago, Total (China) Investment Co., Ltd. lubricants blending plant project held a groundbreaking ceremony in Tianjin. According to reports, the project has a total investment of 30 million euros (about 280 million yuan), and it will produce a full range of lubricants after it is put into operation. The factory's maximum annual production is expected to reach 200,000 tons, and it is planned to be put into production in the first quarter of 2013.
General Representative of Total Group in China and Chairman of Total (China) Investment Co., Ltd. Dai Jie said: "China is one of the world's largest lubricants markets. This investment in Tianjin aims to further improve Total's China's lubricants strategic layout, existing Guangzhou and Zhenjiang operations in southern China, Tianjin New Plant will cover the North China and Western markets, and the project once again shows Total's long-term commitment and confidence in the fast-growing Chinese market, providing the market with High-quality, competitively priced products and services."
â—About Total â—
Total (TOTAL) is one of the world's four largest petrochemical companies and operates lubricants businesses in more than 110 countries around the world. Headquartered in Paris, France, it consists of three brands: TOTAL, FINA, and ELF. The Total Group has entered the Chinese market for over 27 years. As early as 1979, it has participated in the China Offshore Exploration Project (Bohai Bay). Total has accumulated more than US$1 billion in investments in China, has more than 30 joint ventures or wholly-owned companies, and employs more than 3,500 people.
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