明和产业有限公司

What 明和产业有限公司 does

明和产业（上海）有限公司 is a Chinese trading and distribution subsidiary, 100% owned by Japanese listed parent Meiwa Sangyo Co., Ltd. (Tokyo Stock Exchange Prime Market) and founded in 1996. The company operates five business divisions — Premium Lubricants, Refrigeration Oil & Process Oil, Resource Materials, Resin Chemicals, and Battery Materials — handling petroleum products, lubricants, chemicals, synthetic resins, and battery materials for industrial, automotive, air-conditioning and petrochemical customers in China.

The company's core technology and product offering centers on a technical partnership with ENEOS Corporation of Japan for refrigeration oils and premium lubricants, combined with localized production at two manufacturing bases in Tianjin and Guangzhou. The Premium Lubricants division supplies hydraulic oil, engine oil, gear oil, shock oil, grease, and antifreeze to construction machinery, agricultural machinery, and passenger vehicle customers at an annual sales volume of approximately 30,000 KL. The Refrigeration Oil & Process Oil division serves room air-conditioner, EV air-conditioner, and refrigerator compressor manufacturers with compressor oils, base oils, rubber plasticizers, and additives, leveraging ENEOS technology and joint commercialization with CNPC and CNOOC in the rubber-plasticizer segment.

Revenue is generated through transaction-fee and hardware-sales models, with direct enterprise field sales delivered through a nationwide network of offices and logistics warehouses covering Shanghai (headquarters), Beijing, Guangzhou, Tianjin, Dalian, Xi'an, Suzhou, and Nanjing, plus additional operations sites in Changsha and Tianjin. The company also holds minority equity stakes in two Chinese affiliates: Tianjin Zhi Zhen Automatic Equipment (established 2011, custom MLCC/automotive/medical equipment) and Hunan Cloud Energy Storage Sweep New Energy Technology (established April 2025 with RMB 100M capital, focused on used-battery recycling, cascade-battery ESS manufacturing and energy-storage services). The headcount is reported at 33 employees, which is materially low relative to the disclosed logistical footprint and indicates that much of the operational scale runs through the parent group and investee/partner network.

Name

明和产业有限公司

Legal name

明和产业（上海）有限公司

Website

https://meiwa-sha.com.cn

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

11–50 employees

Short description

Meiwa Sangyo (Shanghai) is a 100% subsidiary of Japanese listed trading firm Meiwa Sangyo, distributing petroleum products, premium lubricants, refrigeration oils, chemicals, resins, and battery materials to industrial, automotive, and air-conditioning manufacturers across China via a nine-city logistics network.

Ownership category

akta.pro rank

Product category

Petroleum and Chemical Trading

NAICS

Petroleum Lubricating Oil and Grease Manufacturing (324191)

SIC

Chemicals & Allied Products (2800), Industrial Organic Chemicals (2860)

akta.pro primary industry

Commodity Monomers & Feedstocks (e.g., Methanol, Ethylene Oxide) (IMAEAAAD)

Keywords

• Petroleum products trading
• Industrial lubricants
• Refrigeration compressor oils
• Synthetic resin chemicals
• Battery materials supply

Headquarters

HQ city

Shanghai

HQ country

China

HQ region

Asia

Offices10 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Petroleum Products Trading: Trading company importing and distributing petroleum products, lubricants, chemicals, battery materials, synthetic resins, and automotive-related products in China
2. Lubricant Products Sales: Annual sales volume of 30,000 KL of lubricants including hydraulic oil, engine oil, gear oil, shock oil, grease, and antifreeze

Go-to-market motion1 record

Distribution channels1 record

Core offering

Meiwa Sangyo (Shanghai) is a specialty trading and distribution company that imports, locally produces, and distributes petroleum products and chemicals in China across five business divisions: Premium Lubricants, Refrigerator Oil & Process Oil, Resource Materials, Resin Chemicals, and Battery Materials. It supplies ENEOS-branded lubricants (hydraulic oil, engine oil, gear oil, shock oil, grease, antifreeze), compressor and refrigeration oils, rubber plasticizers, base oils, additives, synthetic resins and battery materials to industrial customers nationwide, using production bases in Tianjin and Guangzhou and a network of logistics warehouses.

Product overview

明和产业（上海）有限公司 operates five divisions organized into two business groups. The petroleum-related group comprises the Premium Lubricants Division and the Refrigerator Oil & Process Oil Division, serving the lubricant and compressor oil markets with products like hydraulic oil, engine oil, gear oil, grease, antifreeze, base oils, rubber plasticizers, and additives. The other three divisions—Resource Materials, Resin Chemicals, and Battery Materials—handle resource materials, synthetic resins/chemicals, and battery materials respectively. The company leverages ENEOS technology for lubricants and compressor oils, with manufacturing bases in Tianjin and Guangzhou, and distributes throughout China via a network of logistics warehouses and branch offices.

Differentiator

Problem solved

Functional benefit

Products and services

• Premium Lubricants Division (高级润滑油事业部 / 高級潤滑油事業部)

Quantifiable outcome

• Annual lubricant sales volume of 30,000 KL

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Three partnerships are on record, tiered core.

• ENEOS Corporation (ENEOS株式会社)coreTechnology or IntegrationClose technical cooperation for refrigeration oil products with ENEOS Corporation, combined with local production in China. ENEOS provides high-quality lubricant products while Meiwa handles domestic distribution and logistics.
• CNPC (中国石油)coreStrategic or Co-development PartnerPartnership in rubber plasticizer business, promoting domestic and overseas market expansion together with CNPC, successfully establishing a stable market position.
• CNOOC (中国海洋石油)coreStrategic or Co-development PartnerPartnership in rubber plasticizer business, collaborating with CNOOC for domestic and overseas market promotion, achieving stable market results.

Scale indicators5 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• ENEOS Corporation: Japan's largest oil company and Meiwa's core technology partner for lubricants and refrigeration oils; both produce and sell ENEOS-branded lubricants and base oils, with ENEOS providing the formulations Meiwa distributes and manufactures in China.
• CNPC Kunlun Lubricant: Subsidiary of CNPC and a core partner of Meiwa in rubber plasticizers; directly competes with Meiwa's lubricants in the Chinese industrial and automotive markets, leveraging parent oil major scale.
• Sinopec Lubricant Company (长城润滑油): China's largest domestic lubricant producer and a direct competitor to Meiwa in hydraulic, engine, and gear oils for industrial machinery and automotive customers across China.
• Idemitsu Kosan: Japanese petroleum and lubricants company producing engine oils, hydraulic oils, and base oils; competes with Meiwa/ENEOS in industrial and automotive lubricant segments, especially in China.

Broad incumbents

• Itochu Corporation: Large Japanese trading company with chemicals, lubricants, and energy trading operations globally, including China; overlaps with Meiwa as a foreign-affiliated trading/distribution platform in petrochemicals.
• Marubeni Corporation: Diversified Japanese trading company with chemicals, energy, and resource materials businesses serving Chinese industrial customers; comparable as a Japan-headquartered trading peer operating in the same commodity categories.
• Mitsui & Co. Japanese trading conglomerate active in petrochemicals, lubricants, base oils, and battery materials globally; directly comparable to Meiwa's parent Meiwa Sangyo as a fellow sogo shosha.
• Sumitomo Corporation: Major Japanese trading company with chemicals, plastics, and resource materials businesses serving Chinese customers; mirrors Meiwa's cross-border trading model.

Others

• Calumet Specialty Products Partners: U.S. specialty base oil and lubricant producer; relevant peer for Meiwa's base oil trading and additives business given overlapping petroleum-product portfolios in industrial lubricants.

Emerging players

• Tongyi Petroleum Chemical: Chinese specialty lubricant manufacturer serving automotive and industrial customers; an emerging domestic competitor to foreign-affiliated lubricant brands like Meiwa's ENEOS line.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/%E6%98%8E%E5%92%8C%E4%BA%A7%E4%B8%9A%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B8

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about 明和产业有限公司