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Litong Technology establishes a U.S. company

 Last Update: 2022-12-29
 Source: Internet
 Author: User

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On November 28, Luohe Litong Hydraulic Technology Co.
, Ltd.
(hereinafter referred to as Litong Technology) announced that it intends to establish a wholly-owned subsidiary Litong America Co.
, Ltd.
in the United States.

The new company intends to have a registered capital of 1 million US dollars, wholly-owned by Litong Technology, mainly engaged in the sales and service of oil drilling fracturing and conveying hoses, high, medium and low pressure rubber hoses and connectors, etc
.

The main purpose of Litong Technology's establishment of the new company is to further deepen the development of the US shale oil and gas drilling, fracturing and transmission hose related markets
.
As the world's largest shale oil and gas exploitation country, the United States has a large market for shale oil and gas exploitation related supporting facilities, and the establishment of a wholly-owned subsidiary in the United States is conducive to strengthening the company's exchanges and cooperation with American and international customers, better developing overseas markets, serving customers, further improving the company's market competitiveness and brand awareness, and promoting the sustainable development
of the company.

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