Petrochemical compressor business in good shape

This fiscal year, the compressor business received three consecutive orders, from Ningbo Kingfa Advanced Materials Co., LTD, Chongqing Xiangyu Salt Chemical Industry Co.,Ltd., and Shandong Yulong Petrochemical Co.,LTD. In particular, the Shandong Yulong Petrochemical Co.,LTD order is the biggest ethylene project in China and the most important project in Shangdong province, with construction work proceeding under the auspices of the Yantai city government. In March this year, our company signed a comprehensive strategic cooperation memorandum with Yantai city. The fact that Mr. Aoki, Chief Regional Officer, had previously visited the Shandong Yulong Petrochemical Co.,LTD site contributed to the auspicious start of the project. We have delivered over 400 compressors to each region of the country since entering the Chinese market. Further efforts to support future expansion include dispatching two MCO employees to Mitsubishi Heavy Industries (China) Co., Ltd. (MHISH) who will serve to strengthen after-sales services for the delivered compressors in June this year.