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On July 16, Dongfeng Oil Group invested 680 million yuan to build a 100,000-ton-per-year lube oil project and settled in Nanhe.
Dongfeng Oil Group is an important lubricant production enterprise in China. It covers raw material import, production, research and development, trade, logistics, and professional market services. The project was fully accepted by the Dongfeng Oil Group for the former Hebei Kinetic Energy Lubricant Project, the transformation of the existing production line and the construction of a new plant in the south of the original site to expand production capacity, which is an important result of the county's strong connection with the enterprises and the replacement of phoenixes. After the project is completed and put into production, it can annually produce 100,000 tons of lubricants, grease, brake fluid, and auxiliary fluids for various models and industrial machinery and equipment, realize an annual sales income of 1.5 billion yuan, and achieve an annual net profit of 95.07 million yuan. Yuan, providing 470 jobs.