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Petrochemical Product and Equipment Trade
Procurement Management Dept. (Sinopec International Co., Ltd.) collects demand of large-scale, general and important material from all subsidiaries, then searches worldwide and purchases. In recent 3years, the department procurement volume totaled RMB 80 billion for headquarter, and enjoys powerful ability to obtain resources, market influence and bargain.
Sinopec International has 14 domestic branches in Shanghai, Tianjin, Chongqing and Tianjin, and 5 overseas companies in America, Japan, German, Russia and UAE. Sinopec International holds a global supplier network and established strategic partnership with 33 suppliers home and abroad, which is quite supportive for Sinopec major engineering projects, production and operation.
Petrochemical product export is an integral part of Sinopec operational strategy. Sinopec International is bold to explore global market and trying to enlarge export volume. By far, end-users in over 150 countries, such as DuPont, P&G, Michelin, are all stable partner of Sinopec International. In recent years, the annual growth of petrochemical export maintains at over 30%.
Recently, export of equipment and material grew dramatically with the rapid development of equipment manufacturing industry in China. Sinopec International targets a number of export areas, mainly focusing on petrochemical equipment like drilling rig, special geographical pipe, compressor, reactor, heat-exchanger and pipeline steel plate, providing resources with cost-efficiency and stable quality. At present, export countries and regions range from America, Canada, Russia, India, Brazil, Thailand to Middle East. Existing cooperation was deepened with both international petroleum and petrochemical companies like BP, Shell, Rosneft and international engineering companies like Technip and Saipem.
Sinopec International strictly conducts a trinity function as Material Management Dept., Central Procurement Dept. and International Trade Company with the aim of fine management, strong procurement capabilities and large international trade volume. Sinopec International made utmost efforts to regulate management, guarantee supply, reduce cost, enlarge export volume of petrochemical product, equipment and material, and achieved a fruitful result.
In three consecutive years from 2006-2008, realized trade volume were $ 3.38 billion, $ 4.61 billion, and $ 5.04 billion. Despite that chemical product trade system changed and over 70% trade volume was taken away, Sinopec International still realized import and export volume of $ 1.14 billion.
Petrochemical product export countries and regions: Korea, Japan, Malaysia, Indonesia, Thailand, Philippines, Saudi Arab, Iran, Brazil, America, Mexico, Costa Rico, Russia, Sweden and Taiwan Province, etc.
Equipment and material export countries and regions: Russia, Iran, India, Thailand, Ecuador, South Africa, Saudi Arab, America, Portugal, Romania, Britain, Libya, Portland, Korea, UAE, Singapore, Brazil and Taiwan Province, etc.
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