Repsol Invests 5 Million Euros in Puertollano Lubricants PlantSource: www.gulfoilandgas.com 8/17/2017, Location: Europe
Repsol will invest 5 million euros in its Puertollano lubricants plant as part of the company’s objective to increase sales in both domestic and international markets. Production will be increased until maximum capacity is reached.
The lubricants plant, Repsol’s most important worldwide, will produce between 115,000 to 170,000 tons per year, within the framework of the 2017-2021 strategic plan for the lubricants business. This is Repsol’s most international business, selling in more than 80 countries.
The new strategic plan for the lubricants sector of the company aims to double the total sales volume to 300,000 tons, and quadruple it abroad. The main areas of growth will be in Asia and Latin America.
Of the 147,000 tons of lubricants that Repsol sold in 2016, 115,000 tons (nearly 80%) was produced in Puertollano, while the rest came from company’s 10 other factories in countries like China, Japan, Indonesia, and Malaysia.
To handle the expected increase in production, the Puertollano lubricants plant will begin operating 24 hours a day, and has increased its workforce to close to 75 people.
Repsol handles the entire process of manufacturing lubricants in Puertollano, from distilling the petroleum, to adding additives and the subsequent packaging. In addition, the company’s Technology Center conducts research to create products that are at the forefront of the sector and that meet the highest standards.
The company has been a leader in the Spanish lubricants market for more than 20 years. The world’s most demanding motorsport competitions, such as the MotoGP World Championship, the Trial World Championships (indoor and outdoor) and the Dakar Rally are serve as excellent testing grounds for Repsol lubricants.
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