Creation of Total Lubrifin in Romania
Posted: 09 March 2005
Total and Lubrifin, a major producer and distributor of lubricants and greases in the Romanian market, have reached an agreement to create a joint venture, Total Lubrifin. Owned 51% by Total and 49% by Lubrifin, Total Lubrifin SA will begin operations in the first half of 2005.
Under the trademarks of both partners, Total Lubrifin will market a complete range of lubricants and greases in Romania for the automotive and industrial markets.Total Lubrifin will build a grease unit next to the lubricant plant recently built by Lubrifin near Brasov .
Ideally situated at the heart of Central and Eastern Europe , a strategic development area, Total Lubrifin will also contribute to the growth of Total’s lubricant and grease businesses in the region.
Posted by Editor Pipeline Magazine
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