History

In 2001, the Logging Instrument Branch of the former Xi'an Petroleum Exploration Instrument General Factory had an opportunity to collaborate with the company's founder, Mr. Wu Yamin. At that time, Mr. Gao Xiping, the plant manager of the petroleum logging instrument branch, provided a lot of encouragement to Mr. Wu Yamin.

Xi'an Yongxing Science and Technology Development Co.,Ltd. was established in 2002. It mainly develops and produces high-temperature pressure-bearing composite insulators for oil well logging instruments.

In 2003, the "RichFRP" brand high temperature pressure composite isolator for petroleum logging instruments was successfully registered.

In 2004, the website of Xi'an Yongxing Science and Technology Development Co.,Ltd. was launched. In the same year, the Special FRP Division of RICH WELL LOGGING Instrument was established.

In 2005, the Special FRP Division of RICH WELL LOGGING Instrument successfully developed a composite isolator that can withstand high temperatures and pressures of 175°C/140MPa. The product is used in induction logging instruments and dual lateral logging instruments.

In 2006, the rods and pipes of the Special FRP Division of RICH WELL LOGGING Instrument have been widely used in China Petroleum Logging (CPL), China Oilfield Services (COSL), China Shipbuilding Industry Corporation, Beijing Huanding Company, and Hangzhou Ruilisheng Company.

In 2007, the factory of Xi'an Yongxing Science and Technology Development Co.,Ltd. located on Minjing 2nd Road in the Economic Development Zone was relocated by the government. (Xi'an Municipal Government moved north).

In 2008, various products of the Special FRP Division of RICH WELL LOGGING Instrument received wide attention from domestic oil logging instrument manufacturers. The customer range expanded. The company prepared for product identification in the early stage.

In 2009, the company leaders contacted the Achievement Division of Shaanxi Provincial Department of Science and Technology to discuss the appraisal. In May, the "Special FRP Enterprise Standard for Petroleum Logging Instruments" was successfully filed with the Shaanxi Provincial Technical Supervision Bureau.

In 2009, the high temperature and pressure resistant composite insulator appraisal meeting of Xi'an Yongxing Science and Technology Development Co.,Ltd. was successfully held in Xi'an Qujiang Hotel. In 2010, Wu Yamin, general manager of Yongxing Science and Technology Development Co.,Ltd., visited the oil city of Houston in the United States and the oil city of Calgary in Canada to investigate the North American oil logging instrument market.

In 2011, the new "factory planning" of Xi'an Yongxing Science and Technology Development Co.,Ltd. was approved by the Planning Bureau of Xi'an Economic and Technological Development Zone. In October of that year, the construction project started. The factory covers an area of 15,000 square meters.

In 2011, the company's new catalog was printed. It introduced the products more comprehensively. It was well-illustrated and received praise from customers.

In 2012, Xi'an Yongxing Science and Technology Development Co.,Ltd.'s Special FRP Division RICH WELL LOGGING instrument provided China Electronics Group Xinxiang 22 Institute with special high-temperature pressure-bearing composite isolators for logging while drilling instruments. The test was successful and put into mass production.

In 2012, Mr. Wu Yamin, Chairman of Xi'an Yongxing Science and Technology Development Co.,Ltd., visited Houston, USA, and communicated with the boss of Soft, a US counterpart, and expressed his intention to cooperate or acquire the US company.

In 2012, the company carried out major internal reforms to strengthen internal system construction and product quality management. Recruitment of senior management personnel is in progress. Congratulations on the successful test of our company's special high temperature resistant 200℃ FRP for oil well logging instruments.

In 2012, the company started construction of the second phase of its plant in Caotan Industrial Park, Xi'an Economic Development Zone.