Business Intelligence on Retailing, Franchising, and Consumerism in China

Exxon Mobil Plans More Openings In China

Lin Guosheng, assistant general manager of Exxon Mobil Corporation China, has told local media that lubricants will become the focus of Exxon Mobil's investment in the future.

He said that Exxon Mobil plans to open 100 vehicle maintenance member stores in addition to the current 100 ones by the end of this year. Lin says that the current 100 member stores were all set up this year, and the forthcoming 100 ones will be finished in two months.

He also said that Exxon Mobil will expand its business to some second-tied cities such as Changsha and Suzhou after first developing in Beijing, Shanghai, Guangzhou and Chengdu. Lin said that Exxon Mobil aims to introduce its own brands into China instead of purchasing other companies.

Exxon Mobil Corporation is a leader in the petroleum and petrochemicals business. In mainland China, Hong Kong and Macau, Exxon Mobil sells two brands of lubricants: Esso and Mobil. It has two manufacturing bases in Taicang, Jiangsu province and Tianjin, respectively.

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