On June 11, 2012, Luo's Group and Petro-Canada Corporation signed a signing ceremony for the China Petrol Vehicle Lubricant and Industrial Lubricant China Cooperation Project at the Shanghai National Automobile and Parts Export Base. Mr. Bancroft, president of Petro-Canada Asia Pacific, Mr. Lu Chengguang, General Manager of China, Mr. Luo Union, Chairman of Luo’s Group, and Mr. Luo Huan, Chairman of Shanghai Luo’s Oil Products Co., Ltd. attended the signing ceremony.
It is reported that Petro-Canada’s various products are of excellent quality and are a company that exceeds industry standards. Its products are authorized by the exclusive distributor of Shanghai Luoshi Oil Products Co., Ltd. in China.
At the signing ceremony, Luo Huan, chairman of Shanghai Luoshi Oil Products Co., Ltd., said that for the Luoshi Group, this cooperation with Petro-Canada is a strategic step. As a wholly-owned subsidiary of Luo’s Group, Shanghai Luo’s Oil Products Co., Ltd., under the guidance of the Group’s corporate policies, will lead the oil project team to complete each set of targets.
Established in 1988, the Luo Group Company mainly manufactures automotive suspension bushings, hydraulic and mechanical engine mounts, damping bushings, control arm bushings, and other rubber and plastic parts. This cooperation with Petro-Canada has further enriched and expanded its automotive business.
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