DealsJul 31, 2026, 09:04 AM
Luda Technology Secures RMB1.6B Sales Agreement with Yulong Petrochemical
AI Summary
Luda Technology Group Limited announced it has signed a sales blanket agreement valued at approximately RMB1.6 billion with Shandong Yulong Petrochemical Company, Limited. This agreement is for the supply of pipeline fittings for the Yulong Island Refining and Chemical Integration Project (Phase one), building on a previous success where Luda Technology secured a tender for stainless steel flanges for the same project. The company believes this significant contract will enhance its financial performance, strengthen its position as a trusted supplier, and support its strategy for sustainable growth.
Key Highlights
- Luda Technology signed a sales blanket agreement worth RMB1.6 billion.
- Agreement is with Shandong Yulong Petrochemical Company, Limited.
- To supply pipeline fittings for the Yulong Island Refining and Chemical Integration Project (Phase one).
- Company previously secured a tender for stainless steel flanges for the same project.
- The contract is expected to contribute to financial performance and strengthen market position.
- Reaffirms company's ability to meet stringent customer requirements for large-scale projects.
Price Impact
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