Two 100,000-ton high-end lubricant project settled in Taicang
Recently, the industrial oil & intelligent manufacturing and metal processing automation one-stop service project with an annual output of 100,000 tons, and the high-end automotive lubricants and chain oil center project with an annual output of 100,000 tons both settled in Taicang Port Economic and Technological Development Zone.
Once put into operation, these two projects are expected to reach an annual capacity of more than 1.28 million tons of high-end lubricants, thus further consolidating Taicang's leading position in the lubricant industry of China.
At present, three global top 500 lubricant enterprises have settled in Taicang Port Economic and Technological Development Zone, with the whole production scale reaching more than one million tons a year, which is rare in Asia or even in the world.
In the first three quarters of this year, the output value of the lubricant cluster is 4.497 billion yuan, including nearly 400 million yuan taxes.
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