Shandong Molong Petroleum Machinery Company Limited(002490) : Shouguang Baolong, a holding subsidiary, will resume production

Shandong Molong Petroleum Machinery Company Limited(002490) on February 25, it was announced that Shouguang Baolong Petroleum Equipment Co., Ltd., the holding subsidiary of the company, has met the production conditions, and the company will arrange the production work according to the production plan and the price of raw materials.

The company said that during the shutdown period, Shouguang Baolong overhauled the existing production line, replaced and transformed some production equipment and accessories, and optimized and upgraded the production process, which helped to improve the stability of equipment operation and further reduce production costs. Up to now, Shouguang Baolong has met the production conditions, and the company will arrange the production work according to the production plan and the price of raw materials.

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