Russian lube maker Gazprom Neft Lubricants has signed a factory-fill and lubricant supply deal with Rostselmash, a major manufacturer of agricultural machinery.
Under the deal signed between Alexandar Trukhan, the lube companys general director, and Alexey Moshnenko, Rostselmashs marketing director, Gazprom will supply and develop new factory-fill products for the manufacturer, and both companies will do joint marketing projects. The deal also provides for Gazproms products to be offered more widely by Rostselmashs network of dealers and service outlets.
New standards are emerging in the agricultural equipment sector, Trukhan noted in a Jan. 29 news release, and to keep up, Gazprom will need to develop new lube formulations that meet OEM demands. In this light, we see great prospects in our partnership with Rostselmash, he said.
We are looking forward to doing business with the major lubricant producers, Moshnenko said. Gazprom Neft Lubricants products comply with the OEMs highest demands… We believe that this partnership will bring great results for both companies.
Rostselmash is among the five largest agricultural machinery manufacturers in the world and primarily focuses on production of combine harvesters. It owns assembly facilities located in Russia, Ukraine and Kazakhstan, with its principal Russian assembly plant located in Rostov-on-Don. As well, it holds 80 percent of Canadian tractor and equipment maker Buhler Industries, which in turn owns Farm King, a South Dakota-based producer of grain augers, loaders and other farm implements. Total turnover of the group exceeds U.S. $1 billion annually and it has more than 11,000 workers, according to the Rostselmash web site.
Gazprom Neft Lubricants, part of oil major Gazprom Neft, is one of the biggest lube marketers in Russia. In 2012 it produced around 450,000 tons of base oil and lubricants and held a 14 percent share of the countrys lubricants market. It operates an API Group I base oil plant in Omsk, Russia, and lubricant production facilities in Russia, Italy and Serbia.