Xinxiang Richful Lube Additive Co., Ltd. founded in 1996. It is a high-tech enterprise, an important lubricant additive supplier of lubricant additives and carbonless developer globally. Annual production capacity is more than 300,000MT. Richful products have been shipping to North America, Europe, Africa, Middle-east, Latin-American, Asia-Pacific and other more than 50 countries and regions. Richful Lube additive went public in Shenzhen Stock Exchange in Nov. 2020 (Stock code: 300910). It is the first a-share market listed company of China lubricant additive industry.
Xinxiang Richful, which currently meets a significant portion of Russia’s demand, supplies up to 8 million kg of lubricants per month. Richful recently opened an office in Virginia. Blocking it, as well as several smaller suppliers, would create a shortage of mechanical lubricants in Russia, the group says.