Gazprom, Derways Expand Deal

Share

Gazprom Neft Lubricants and Russian car maker Derways sealed a five-year partnership agreement for supply, development and marketing of new lubricant products.

Under the deal announced by the lube maker last week, both companies pledge to expand their partnership in supply and marketing of lubricants and development of new factory fill products for more car brands assembled by Derways.

Since mid-2012, Gazprom Neft Lubricants has been a factory fill supplier for the Lifan cars, made in Derways plant in Cherkessk, south Russia. All real-time tests have shown that our G-Energy line of products are appropriate for use in the [Lifan] cars engines and mechanical systems, the company said in a Dec. 9 news release.

New technologies in the automotive industry use more sophisticated oil formulations developed in accordance with the OEMs demands, said Alexander Trukhan, Gazprom Neft Lubricants general director. Together with our partner we see a great future for development and sophistication of our lubricants.

Our expanded car production needs collaboration with the major [Russian lubricant] producers, said Oleg Visnyakov, Derways technical director.

Gazprom Neft Lubricants was created in 2007 and now operates five lubricants production facilities in Russia, Italy and Serbia. The company produces around 450,000 tons of base oil and lubricants annually, and in 2012 it held 14 percent share of Russia’s lubricants market. It is also active in some European markets, in several ex-Soviet republics and recently entered the Dominican Republics lube market. Its finished lubricant products are sold in 40 countries.

Created in 2002, Derways is the first Russian independent automobile producer to specialize in the assembly of Chinese car brands such as Lifan, Geely and Luxgen. It can produce 120,000 vehicles annually.

Related Topics

Business    Europe    Finished Lubricants    Mergers & Acquisitions    Region    Russia