|GP Global inks accord to produce and market Cepsa marine lubes in India|
|GP Global to manufacture, blend, package, import and market Cepsa-branded marine lubricants.
|Representatives of GP Global and Cepsa at the signing of the agreement in Mumbai, India. Image credit: Cepsa|
|Updated on 19 Jul 2018 10:11 GMT
|GP Global has entered into an exclusive partnership with Cepsa that will see GP Global manufacture, blend, package, import and market Cepsa-branded marine lubricants in India.
The production of marine lubricants is to be carried out by GP Global's subsidiary, GP Petroleums, at the firm's plant at Vasai, Mumbai, which is already engaged in blending automotive and industrial lubricants, and is certified with ISO 9001, ISO 14000 and OHSAS 18001.
The product range is to include two-stroke and four-stroke engine oils, hydraulic oils, gear oils, greases and other specialty marine lubricants.
Cepsa's marine range of products comprises Cepsa Larus, Gavia, Ciconia and Petrel lubricants, among others.
Commenting on the agreement, Alvaro Diaz Bild, Vice President - Marketing, Cepsa, remarked: "This partnership will strengthen Cepsa's international brand and the expansion of our lubricant business. 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."
"The partnership with GP Global will provide the necessary framework to enter into the Indian market as [GP Global] has great experience in the marine market, especially in bunkering," noted Carlos Giner, Director of Lubricants, Base Oils and Paraffin Waxes at Cepsa.
Cepsa is currently one of the leading manufacturers and marketers of finished lubricants and base oils in Spain, and exports products to Europe and other expanding markets, such as Latin America, Middle East and North Africa and Asia. It has two specialized lubricants plants in Spain: in San Roque (Cadiz) and Paterna (Valencia).
GP Global (recently rebranded from Gulf Petrochem) is a supplier and trader of marine fuel, physically supplying in India, Netherlands, Singapore and the UAE. Most recently, the company opened a new office in Hull, UK, and also in Seoul, South Korea.