GP Global recently entered into an exclusive partnership with Cepsa, an integrated Spanish oil major, to make and market Cepsa’s marine and power generation lubricants in India. As per the agreement, GP Global will manufacture, blend, package and even import Cepsa branded lubricant products in India.
M Prabakaran, Global Head of Terminals and Country Head, GP Global Group, India, said, “India is a huge market for ports modernisation and coastal shipping development. Major initiatives have been taken in this direction by our government. This partnership is our contribution to the government’s ‘Make in India’ vision and the vibrancy of the sector is a clear sign of resurged interest in its potential. Cepsa is a well reputed international brand and will be a good fit for our portfolio.”
Álvaro Díaz Bild, Vice President – Marketing, Cepsa, said, “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.”