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Repsol Signs an Agreement With UMW for Lubricants

Source: www.gulfoilandgas.com 11/29/2010, Location: Asia

Repsol has reached an agreement with the Malaysian UMW group to produce and distribute Repsol lubricants throughout Malaysia, China and other countries in that region, including Singapore, Brunei, Papua New Guinea and Myanmar.

The agreement was signed by the Executive Director of Repsol Marketing Europe, Pascual Olmos, UMW President & Group CEO, Datuk Syed Hisham Syed Wazir, Mr Azhar Harun and Ms Suseela Menon, Executive Directors, UMW Corporation Sdn Bhd.

This deal, which is part of Repsolís international branding expansion plan, has a 5-year duration. Sales are expected to reach 20,000 tons/year of lubricants by the end of this period, equivalent to more than 25% of Repsolís annual sales of these products in Spain.

This project will enable Repsol to expand its competitive, technology and branding attributes, in two fast-growing countries such as Malaysia and China. The presence of UMW in these areas will allow for significant expansion to other countries such as Singapore, Brunei, Papua New Guinea and Myanmar.

Repsol markets its lubricants directly and through distributors in over 60 countries in America, Europe and Asia. In that continent, the company is present in Indonesia, Japan, Philippines and Taiwan, where it produces and distributes locally. Repsol has a wide range of technologically advanced lubricants that meet the highest quality standards in the automotive, motorcycle industry and industrial sector as well as that of ancillary products.

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