Howwy Oil Products Co., Ltd.
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Howwy Oil Products Co., Ltd. - overview
Established
2000
Location
Beijing, -, China
Primary Industry
Oil & Gas
About
Howwy Oil Products Co. , Ltd. specializes in advanced oil solutions enhancing performance for industrial applications. Their innovative technologies address lubrication, fuel enhancement, and machinery maintenance needs, catering to various sectors, including automotive and manufacturing.
Established in 2000 and headquartered in Beijing, China, Howwy Oil Products Co. , Ltd. focuses on providing specialized oil products for industrial applications. The firm's single deal occurred on May 18, 2018, through investment led by Chengzhi Shareholding Co.
, Ltd. The company was founded by individuals with previous experience in related sectors, contributing to its operational expertise. Beijing Huaye Hengwei Oil Products New Technology Co. , Ltd.
specializes in advanced oil product technologies that cater to various industrial needs. Their core offerings focus on innovative oil solutions that enhance performance and efficiency in applications such as lubrication, fuel enhancement, and industrial machinery maintenance. Products are designed to address end-users' challenges like reduced equipment wear and improved energy efficiency. The company serves a diverse client base including manufacturers and maintenance service providers, with notable engagement in the automotive and manufacturing sectors, distributing its products both domestically and internationally, particularly targeting regions with high industrial activity such as Southeast Asia and Europe.
Howwy Oil Products generates revenue through a structured business model involving direct sales to industrial clients and partnerships with distributors. The company engages in B2B transactions, where clients place bulk orders for its flagship oil products, including proprietary formulations. Revenue accrues from these transactions, facilitated through standard pricing agreements and contracts with clients, reinforcing long-term relationships by emphasizing reliability and quality. Howwy Oil Products Co.
, Ltd. plans to leverage funding from the Angel round led by Chengzhi Shareholding Co. , Ltd. in May 2018 to enhance product development and market expansion efforts.
The company is actively designing new oil product formulations aimed at improving energy efficiency, with expected releases slated for the next fiscal year. Additionally, Howwy intends to penetrate new markets in Southeast Asia and Europe by mid-2023, aligning with its strategy to expand its reach in regions with growing industrial demands.
Current Investors
Chengzhi Shareholding Co., Ltd.
Primary Industry
Oil & Gas
Sub Industries
Petroleum Wholesale Distribution
Website
www.howwy.com
Company Stage
Angel & Seed
Total Amount Raised
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