Hilong Group of Companies Overview
Hilong Group of Companies was established in the year 2002 with headquarters in Shanghai, China. Hilong Group has operational presence, majorly in China with established production bases in Tianjin, Shandong, Shanxi, Shaanxi, Northeast China, and Sichuan. In 2016, Hilong Group, a subsidiary of UMW Holdings (Malaysia), which also holds Arabian Drilling Services L.L.C., UMW Fabritech Sdn. Bhd. And Jiangsu Tube-Cote Shuguang Coating Co., Ltd. reported an annual revenue of USD 298.74 million. Though there was a global plummet in the oil prices in 2016, the oil field equipment and services segment successfully contributed USD 120.95 million for the company. Recently, the company has expanded its operational presence globally to regions such as North and South America, the Middle East, Russia, and Asia-Pacific with increased investment in petroleum and product manufacturing. The company has about 2,608 full-time employees.
The company operates in business segments such as drilling tools, petroleum pipe coating, tube technology services along with oil and offshore engineering services. The company manufactures oil field equipment such as drill pipes, drill collars, mining drilling tool, and hard banding. The drilling products offered by the company cater to global specifications and steel grades of the API and conventional standards.
Hilong Group competes with manufacturers such as DP Master Manufacturing Pvt Ltd. (China), Drill Pipe International Llc. (USA), National Oilwell Varco. (USA) and RK Pipe LLC. (USA) and others.
Strategy
The company sees its key strategy in prioritizing the pipe line technology and services segment, by increasing product diversification, high end development, and internationalization. Hilong Group focuses on strengthening its domestic and international competiveness, thereby expanding revenue sources. To be competitive in the competitive oil and gas industry, the company is putting in substantial capital investments in oil and gas research to adapt to new upcoming technologies and advancements. They are also determined on expanding their operational presence into other regions of the world through coordinative development in both domestic and international markets.
In 2016, the development of new anti-corrosive coatings and offshore concrete weighted coatings services has been a remarkable achievement and added a competitive edge for the company in their operations at Maoming projects for Sinopec petroleum. Furthermore, they have also developed new product for drill pipe oil coatings and to meet the increase demand, they have invested in opening a new production facility in Russia for oil coatings manufacturing. In 2015, Hilong Group also invested in acquiring new operational vessel for operations in offshore engineering services. For strengthening their presence by product diversification and global operational presence, they have also acquired Hilong Oil Service and Engineering Co. and Russian oil coatings business in 2014.
