Zibo Hongyang Petroleum Equipment Group Co., Ltd grew out of a state-owned entity, which is a professional manufacturer of petroleum equipment as one of the earliest and large scale petroleum equipment manufacturer in China. There are 4 individual facilities setting up for sucker rods, pumping units, subsurface pumps and tubing respectively. Among which, sucker rod facility is a Sino-America joint venture. The total registered capital is RMB 280 million. It covers 210 thousand m2, including 120 thousand m2 construction area. The group has the advantage of advanced developing and designing capability, equipped with high quality production and test machines.