Subsidiaries of Suzhou Hycan Holdings Co., Ltd. have bagged contracts to supply plastic bottles to Exxon Mobil (Taicang) Petroleum Co., Ltd. and Exxon Mobil (Tianjin) Petroleum Co., Ltd. , two Chinese units of U.S-based ExxonMobil Corp. which produce lubricants in Taicang and Tianjin, China.
These two wholly-owned subsidiaries are Sun Company Taicang Ruijie Packaging New Materials Co., Ltd. and Tianjin Huayuan Ruijie Packaging Materials Co., Ltd.
The agreements will be for five years and will see these two Hycan subsidiaries producing plastic bottles for ExxonMobil’s lubricant units in Taicang, Jiangsu province and in the Tianjin municipality.
Hycan Holdings said the contracts highlight its technological advantages in the plastic packaging field. Founded in the 1990s, Suzhou Hycan Holdings Co., Ltd. has developed into a leading enterprise with considerable scale in the industry. Situated in the Wujiang District of Suzhou City, Hycan Holdings manufactures high-performance metal packaging containers. The company has built up a nationwide service network with multiple production bases across China, providing a full range of packaging solutions for all types of metal packaging customers. On 31 December 2015, the company listed on the Small and Medium Enterprise Board of Shenzhen Stock Exchange (under the stock code: 002787), launching a new chapter for the company.