Founded in 1971, Jiangsu Rushi Machinery Co., Ltd. (formerly known as Rudong Petroleum Machinery Factory) has long been committed to the development and manufacture of drill pipe power tongs, casing power tongs, oil pipe power tongs and other wellhead tools and equipment for petroleum drilling and production. In recent years, the Company has shifted its main business to boiler membrane wall and intelligent drilling tools. The company has developed a wide variety of mechanized wellhead tools for oil drilling and production with a full set of models, including more than 50 series and more than 100 models including ZQ drill pipe power tong series, TQ casing power tong series, XSL swivel with spinners series, etc., which are sold to all major oil fields in China as well as Europe, America, the Middle East, Central Asia, Southeast Asia and other regions. The Company is one of the major domestic research bases for power tongs for oil drilling and workover. The Company is a Tier 1 member unit of the oil drilling and production components and parts supplier network of CNPC, a member of Sinopec’s spare part resources market, a standing member of China Petroleum & Petrochemical Equipment Industry Association (CPEIA) and Vice Chairman of CPEIA Wellhead Equipment and Drilling & Extraction Tools Committee. The Company has two wholly-owned subsidiaries and two affiliates in which the Company has shares, covering many business fields such as the manufacture of drilling mud pumps and shield machine tool, petroleum equipment testing, network technology applications, etc. In July 2018, the Company was listed on the National Equities Exchange and Quotation (Stock Name: Rushi; Stock Code: 872888).
The Company has a reliable quality assurance system, strong R&D capability and a complete sales service network. The Company has been certified by API Q1, ISO 9001, API7K and 8C (Certificate No.: 0048 and 0121), ISO 14001, the measurement assurance system and the occupational health and safety system. It has established Jiangsu Wellhead Equipment Engineering Technology Center for Petroleum Drilling and Production, Jiangsu Enterprise Academician Workstation and Jiangsu Enterprise Graduate Workstation. The Company obtained the honorary titles of Chinese Famous Brand Product in Petroleum and Petrochemical Equipment Manufacturing Industry, Jiangsu Famous Brand Product, Jiangsu Famous Trademark, Jiangsu Quality Award, Jiangsu High-tech Enterprise, etc. Adhering to the business philosophy of HR Orientation, Leading Technology, Credit and Quality, Mutual Cooperation and Customer First and the vision of Becoming a World-class Manufacturer of Oil Wellhead Drilling & Extraction Tools and Equipment, the Company is aiming at sophisticated technologies and management concepts in the field of worldwide petroleum machinery, advances with the times and struggles to exploit.