Gazpromneft-Lubricants and Rostselmash sign strategic cooperation agreement

Gazpromneft-Lubricants and Russian agricultural equipment manufacturer Rostselmash have used this year’s “Sochi 2014” investment forum to sign an agreement on strategic cooperation. The Gazprom Neft lubricants and engine oils subsidiary will become the sole supplier of lubricants for the initial servicing of equipment manufactured at Rostselmash, as well as its subsequent maintenance and tuning.

Gazpromneft-Lubricants will develop, produce and deliver specialist engine, transmission, and hydraulic fluids, as well as lubricants, coolants and other products, to production lines at Rostselmash factories as well as Rostselmash service centres. The agreement also provides for the testing and operational monitoring of lubricants and oils, for the training of Rostselmash employees, and joint marketing initiatives.

Lubricants for agricultural machinery are produced under the joint Rostselmash G-Profi brand, whose key advantages include greater stability under exposure to high temperatures, and superior cleaning properties. Oils of this kind need replacing less frequently than products intended for trucks and heavy goods vehicles (HGVs).

Gazpromneft-Lubricants CEO Alexander Trukhan commented: “The agreement with Rostselmash is, for us, the next step in the fulfilment of the company’s long-term strategy, which envisages increasing sales volumes of lubricants to 633,000 tonnes by 2025. To that end, the company is extending its research and development activities with the aim of introducing unique products allowing us to further extend our presence in new market niches.”

Reference

About Gazpromneft-Lubricants

Gazpromneft-Lubricants Ltd (“Gazpromneft-Lubricants”) is a subsidiary of Gazprom Neft, specialising in the production and sale of oils, lubricants and engine fluids. Established in 2007, Gazpromneft-Lubricants Ltd has five production facilities throughout Russia, Italy and Serbia. Total production volumes stand at more than 490,000 tonnes of premium oils, lubricants and engine fluids per year. The company’s product range includes oils for petrol and diesel passenger vehicles and trucks, transmission and hydraulic oils, industrial (machine) oils, servicing products and refrigerating fluids under the G-Energy and Gazpromneft brands, and marine oils marketed under the Texaco brand. Gazpromneft-Lubricants Ltd currently commands a 14-percent share of the Russian lubricants market, as well as operating in the markets of Belarus, the Central Asian republics, the European Union, Kazakhstan, the Middle East and Ukraine.

Rostselmash is one of the five largest producers of agricultural equipment in the world. The company’s production facilities in Canada, Kazakhstan, Russia and the United States produce more than 24 different types of agricultural machinery, with a product range covering more than 150 different models and specifications, including the TORUM, ACROS, VECTOR, and NIVA combine harvesters, the DON 680M and RSM 1401 forage harvesters, VERSATILE self-propelled mowers, tractors and crop-sprayers, as well as tillage, forage and other equipment. The sale and servicing of agricultural equipment is conducted through the branches of the company’s dealership network, comprising 500 dealership centres and their affiliates throughout 26 countries worldwide.

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