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China Rerun Chemical reports higher sales, seeks more partnerships and acquisitions

2:13 AM MDT | July 4, 2014 | Natasha Alperowicz

China Rerun Chemical Group (Daqing), a producer of lubricant products for the domestic automotive, industrial and agricultural markets today reported unaudited results for the three months to 30 May 2014. Revenues for the period grew by 18% to 88.3 million renminbi ($14.2 million) largely driven by the growing demand for high quality lubricant oils in the domestic market. “We are pleased with the progress made in the quarter under review. We have, again, increased revenues and average selling prices, with a continued commitment to high-quality branded...

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