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Dubai: ENOC Group’s EPPCO Lubricants has signed a three-year MoU with Al-Futtaim Auto & Machinery Company (FAMCO), the GCC's largest construction and commercial vehicle distributor in a first-ever agreement with the Group to exclusively supply lubricants, coolants and greases for its UAE operations.
According to recent research, the global industrial lubricants market size is expected to reach US$68.41 billion by 2024.
EPPCO Lubricants will supply approximately 22,500 barrels, an equivalence of 3.577 million litres of the products over the next three years.
H.E. Saif Humaid Al Falasi, Group CEO of ENOC said: “The growth of the manufacturing sector is resulting in a rise in demand within the automotive, industrial and marine lubricant markets. Our strategic partnership with FAMCO will contribute to meet current market requirements.”
The partnership between EPPCO Lubricants and FAMCO is one of the most strategic accounts for ENOC Group in the last 15 years. With this MoU, both entities will jointly explore mutual areas of interest and future opportunities.
EPPCO Lubricants, a joint venture between ENOC and Chevron Al Khaleej, distributes ENOC and Caltex branded lubricants and greases in the UAE, providing top quality lubricants products and services to industries ranging from automotive, industrial to manufacturing and marine.
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About ENOC Group:
ENOC Group (Emirates National Oil Company) is a leading integrated international oil and gas player operating across the energy sector value chain. As a wholly owned entity of the Government of Dubai, and integral to the Emirate’s success, ENOC owns and operates assets in the fields of exploration & production, supply & operations, terminals, fuel retail, aviation fuel and petroleum products for commercial & industrial use. The Group’s general business operations includes automotive services, non-fuel F&B retail and fabrication services. Servicing thousands of customers in over 60 markets, the Group employs a multi-national workforce of over 11,000 employees and is deploying its world-class customer service, latest innovations and technologies and best practices to empower the UAE’s social and economic development. For further information, please visit: www.enoc.com
About FAMCO:
Al-Futtaim Auto & Machinery Company (FAMCO) was established in the UAE in 1978, delivering products and services to a diverse range of industries and commercial businesses across the transportation, construction, oil and gas, manufacturing, warehousing and marine sectors. FAMCO is highly respected throughout the UAE for the supply and service of heavy vehicles and machinery. This includes trucks and buses, construction equipment, storage and handling, power and industrial, marine solutions, rental and used equipment, and financial services. The company is the sole UAE distributor for Volvo trucks, buses and construction equipment. FAMCO is also the exclusive distributor for internationally renowned industry heavyweights Sdlg,Yanmar, Doosan, Himoinsa, AGG and Linde.
For further information, please contact:
Rawan Al Hosban | Navin Rochiramani
ASDA’A BCW
+9714 4507600
rawan.alhosban@bcw-global.com |
navin.rochiramani@bcw-global.com
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