Shandong Molong Petroleum Machinery Co., Ltd is a listed company specialized in R&D, manufacturing, sales & service and import and export of petroleum machinery. As one of the top four suppliers of CNPC for Category I material and qualified suppliers of CNPC, SINOPEC, CNOOC and Shaan’xi Yanchang, the company is mainly manufacturing tubing, casing, line pipe, sucker rod, subsurface sucker rod pump, pumping unit, electric submersible pump, topping-up pump and various downhole tools.
The company was founded in 1986 originally and started business of petroleum machinery in 1987. Shandong Molong Group Co was organized In 1994.Shandong Molong Petroleum Machinery Co., Ltd was founded in 2001 by approval of People’s Government of Shandong Province. Being listed in GEM(Growth Enterprise Market) of Hong Kong Stock Exchange on April 15th 2004, Shandong Molong Petroleum Machinery Co., Ltd became the first company listed outside mainland among the private companies in Weifang and the domestic companies in the same business. Being transferred to the main board from GEM(Growth Enterprise Market) on February 7th 2007, Shandong Molong Petroleum Machinery Co., Ltd became the first company transferred to the main board successfully among 134 companies listed on GEM. On October 21st 2010, Shandong Molong Petroleum Machinery Co., Ltd listed in Shenzhen Stock Exchange,became the first company that returned to Shenzhen Stock Exchange from Hong Kong Stock Exchange with two stocks of A+H (Stock A code: 002490 and Stock H code: 00568).
The company acquired Hismelt technology from Rio?Tinto Group in 2012 and has been starting continuous investment since 2013, to establish facilities with revolutionary strengths in advantages in environmental protection, automation, cost saving and quality etc compared with the traditional technology. The Hismelt technology was identified as an international advance technology by national experts in casting and forging organized by China Metal Association in May 2018. The company has been working the product quality as the top priority and investing a lot every year to establish complete inspection and monitor system to ensure the quality. The company passed ISO 9001 Quality Management System Certification initially, then passed ISO 14001 and OHSAS 18001 Management System Certification in 2009. The main products are authorized to use API Monogram which grants access to the domestic and abroad markets. The casing and tubing, valve, cylinder of mud pump, stainless steel precious casting, sucker rod, subsurface sucker pump, pumping unit and accessories are well sold and highly valued in Europe, America, Middle East and other major oil production areas in the world. The company has been paying attention to technology innovation and development. The company has got nine patents in recent years and fourteen kinds of products were listed in the provincial technical innovation program of Shandong province. In December 2009, the company founded Technical R&D center of OCTG of Shandong province authorized by Shandong Science and Technology Department. In 2010, Postdoctoral Workstation was landed in the company after approval of National Ministry of Human Resources and Social Security and made the company be the first domestic postdoctoral workstation in the business of China. With the abundant R&D capabilities, the technical center was certified as the Provincial Enterprise Technical Center of Shandong Province. Growing with Credibility and Glorying in Contribution to the Society is the consistent belief of the company. The company always takes its social responsibility, focuses on social welfare and achieves outstanding performance in the excelling competition of working for social welfare among the Party Members and normal people. In 2008, Mr. Zhang Enrong, the founder of the company and others from Hetuan village contributed 3 million RMB in the water wells drilling, road construction and culture center building in the village. The company also denoted a large amount of money to help No 1 Nanshao village in the new building construction. In 2011, the company was awarded “The Charitable Company with Great Compassion” by Shouguang government. In 2018 and 2019, Shouguang suffered typhoon disaster twice and the company contributed 2 million RMB and hundreds of thousands--valued material to help the people to overcome the disaster and the reconstruction work afterwards. The company was high valued by the local government and local people.
Over the years, by adhering to its tenet that is Encouraging All People, Absorbing All Thinks, Collecting all Contributions and Creating All Achievements, the company has been developing to grow profits and enhance its influence in the business year by year through expanding scale and extending production line. The company is ranked in Top 100 Mechanical Enterprises in Shandong Province and Top 100 Enterprises in Weifang district city and Large-scale Enterprises in Shouguang City and Top Petroleum Machinery Enterprises in Shandong Province. The company is awarded Shandong High-tech Enterprise, Good Company in Credits and Loans in the Banks of Shandong Province, Grade A Credible Taxpaying Enterprises, Grade AAA Credible Enterprises for China Agricultural Bank and Model Enterprises in China Industry etc. "Molong" brand is awarded the famous brand and its products become the one to be cultivate and developed in Shandong Province.
Upon the good reputation and leading position built up in the petroleum machinery market over years, enhancing R&D investments, expanding the productivity of high grade OCTG, adjusting the product mix, improving the overall profits as well as elongating the production chain in order to supply good quality products and bring ideal returns for investors and to lead this industry, the company is devoted to become a world-class well-known petroleum machinery manufacturer and service provider