Zhongyou BSS (Qinhuangdao) Petropipe Co., Ltd. is a Sino-Foreign Joint Venture jointly established by Baoji Petroleum Steel Pipe Co., Ltd and UMW Petropipe Co., Ltd, Malaysia.
Baoji Petroleum Steel Pipe Co., Ltd, its original name is Baoji Petroleum Steel Pipe and Tube Works, established in 1958, was one of China's 156 key projects during the first five-year plan and also is the first SSAW pipe manufacture in China. Baoji Petroleum Steel Pipe Co., Ltd., wholly owned subsidiary of CNPC, is a national large-scale and is first level enterprise integrating with pipe research, pipe making, pipe coating, casing processing and piping accessories. The total capital of enterprise is 2 billion Yuan with annual revenue of 3 billion Yuan.
UMW Petropipe Co., Ltd, Malaysia, established in 1902, is Malaysia Petroleum Petronas Company's appointed supplier and also is a listed company under the share holding of Malaysia Government. The company set up 9 specialized companies whose business is mainly in charge of petroleum, steel products, motors and heavy machinery and many other industries. By the support of Malaysia, the company had taken part in the investment and the development of upgrade and downgrade petroleum products with 30 countries all over the world. The total capital of company is 60million US dollar with annual revenue of 250 million US dollar.
In order to satisfy the needs of the key project-the construction for the Second Pipeline from west to east in China, to increase the production share of the inland and oversea market and to enhance the future development and the development space of the enterprise, Baoji Petroleum Steel Pipe Co., Ltd and UMW Petropipe Co., Ltd, Malaysia have jointly made a win-win collaboration and cooperation and invested 1.5 billion Yuan to construct "ZHONGYOU BSS (QINHUANGDAO) PETROPIPE CO., LTD" in two phases in Qinhuangdao Economic and Technological Development Zone. With the application of the most advanced LSAW e and SSAW equipments and production technology, the newly establish company mainly produces LSAW pipes, SSAW pipes, pipe fittings and pipe coating aiming to create a "No. 1 in China and first-class in the world" pipe manufacturing base.2100433B
