GP Petroleums partners with Repsol to launch lubricant range in India
Thursday, June 18th, 2015
18th June 2015: GP Petroleums Ltd, a subsidiary of Gulf Petrochem Group, a UAE-based leading player in the oil sector, today announced it had formed a strategic partnership with Spain's No 1 petroleum company, Repsol, to exclusively manufacture and market Repsol's superior and comprehensive line of premium quality lubricants across India, thus unfolding a new chapter in the history of the Indian company's operations.
With this, GP Petroleums, which has a strong presence in the industrial lubricants with its flagship brand IPOL, will now begin a new aggressive marketing strategy in the automotive segment with Repsol, a global leader in the lubricant space.
“We are delighted to announce the tie-up with Repsol, a very well-reputed international brand and we will be marketing their entire product range as part of our portfolio. With the economy showing recovery, the lubricant segment is expected to witness growth in the future. With evolving engine technology, Repsol lubricants which is focused on innovation is the answer to today's consumer needs,” said Mr. Sudhir Goyel, Managing Director, Gulf Petrochem Group.
“We see the Indian market to have great potential. India will be a very important market for us and this tie-up will help us expand our footprint in this ever growing economy. Partnering with GP Petroleums Ltd, a brand with strong presence in the Indian lubricant market, has given us a firsthand advantage in this sector. With our strengths together, we extend our capabilities to globally distribute a wider variety of products,” said Mr. Orlando Carbo, Lubricants Director, Repsol.
Repsol's products come with added benefits and special features that will cater to the newly emerging premium and top- end segment across markets in the country. IPOL has been present in India for over four decades and has established itself as a leading industrial lubricant brand. GP Petroleums has well equipped manufacturing facilities with hi-tech blending facility, quality-control test labs & automated filling & packaging stations.
The group's in-house Base Oil Storage facility of 17,000 KL is one of the largest in the Indian industry which uses cutting edge remote sensing technology to accurately measure and control the storage volumes. It has an annual production capacity of 80,000 KL.