Cepsa and Global Energy Private Limited (GPGEPL), part of UAE-based global conglomerate GP Global, Wednesday entered into an exclusive partnership to manufacture and market Cepsa branded marine and power generation lubricants in India.
As per the agreement, GP Global will manufacture, package and even import Cepsa branded lubricant products in India.
GP Global Energy will be manufacturing the marine and power generation lubricants through a contract with its group company GP Petroleums Limited at their plant at Vasai, Mumbai.
“India is a huge market for port modernisation and coastal shipping development. Major initiatives have been taken in this direction by our government,” said M Prabakaran, Global Head of Terminals & Country Head, GP Global Group, India.
“This partnership is our contribution to the governments Make in India vision and the vibrancy of the sector is a clear sign of resurgent interest in its potential. Cepsa is a well reputed international brand and will be a good fit for our portfolio.”
The partnership will strengthen the in house R&D facilities at GP Global and develop technologically advanced products in India.
The product range includes two stroke and four stroke Engine Oils, Hydraulic Oils, Gear Oils, Greases and other specialty lubricants required by this industry.
The Cepsa marine range of products includes Cepsa Larus, Gavia, Ciconia and Petrel lubricants, among others.
“This partnership will strengthen Cepsa’s international brand and the expansion of our lubricant business,” said Álvaro Díaz Bild, Vice President – Marketing, Cepsa.
“This will be the first time our lubricants will be produced outside our plants in Spain, as the facility in Mumbai has been the first approved by us after a rigorous and successful audit process.
“GP Global complies with our highest standards requirements, occupies a strong position in the Indian maritime industry, and has in-depth know-how of the lubricant and bunkering businesses.”
Carlos Giner, Director of Lubricants, Base Oils and Paraffin Waxes at Cepsa, added “Cepsa marine and power generation lubricants, as well as Cepsa’s broad lubricants portfolio, are currently exported from Spain to different countries.”
“The partnership with GP Global will provide the necessary framework to enter into the Indian market as the company has great experience in the marine market, especially in bunkering.”
Photo credit: Cepsa
Published: 20 July, 2018
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