Shengli Oil Field Ruite Machinery Manufacturing Co., Ltd. is a join-stock oil equipment manufacturer restructured from Daming Valve Factory ? a former third tier unit under Shengli Oil Field Daming Group after the successful structural reform of diversifying operation of Shengli Oil Field in March 2002. Now, the company is located at No. 188, Road 14, Shengli Economic Development Zone, in the north of Naner Road, Dongying, with a registered capital of RMB 61.58 million, fixed assets of RMB 55.001 million and a staff of 349 (including 34 senior management personnel, 6 management personnel with a master degree or above, 16 senior technical personnel and 8 R&D personnel. And over 56% employees have college degree or above). The company?s annual output value reached RMB 210 million in 2010. Besides, the company is a member of first-tier supply network of Sinopec, member of first-tier supply network of PetroChina and member unit of China Oil Energy No. 1 Network.

With an area of 48,000 m2 and machining shops of 22,000-plus m2, the company integrates the research, development, production, and marketing of wellhead assembly, medium- and high-pressure valves, christmas trees, well control throttle pipe assembly, instruments, flowmeters, oil rig brake blocks, etc. The company has complete manufacturing equipment covering casting, forging, heat treatment, welding, machining and finished product assembly, and a complete production line. In addition, the company also has introduced floor direct-reading spectrometers, high-speed ignited infrared sulfur analyzers, hydraulic universal testing machines, pendulum impact testing machines, spring tension and compression testing machines, ultrasonic flaw detectors, ultrasonic thickness gauges, powder detectors, smart valve torque and life test equipment, hydraulic valve pressure test equipment, valve flow test devices, etc; established a physical and chemical testing laboratory, a mechanical property room, a spectral analysis room.