TASHKENT, Uzbekistan, April 18. Saneg Oil Italy, a subsidiary of Saneg, Uzbekistan's largest private oil and gas business, began producing oils and lubricants appropriate for industrial purposes under the same name brand, Trend reports.
According to the company, the industrial oil line consists of 21
items, including hydraulic, gear, compressor, circulation, and
other oils used in a variety of industries. Lubricants include 15
products such as multi-purpose complex lithium, lithium-calcium,
and sulfonate, which are designed for use in automotive and
industrial equipment units and assemblies.
Previously, Saneg announced the acquisition of CGC Lubricants Italy
S.P.A., an Italian maker of premium automotive and industrial oils
and lubricants.
CGC Lubricants Italy has signed a strategic collaboration deal with
SEG Motol (a subsidiary of Saneg), Uzbekistan's biggest producer of
technical lubricants.
As a result of the transaction, CGC Lubricants Italy was renamed SANEG OIL ITALY S.P.A.
Saneg will also gain a significant share in the Italian and European lubricants market thanks to access to an extensive distribution network in Italy, France, Spain, and Portugal, where up to 26,000 tons of products are supplied annually, while CGC Lubricants Italy will act as a strategic supplier of high-tech products for FOR, thus ensuring uninterrupted supplies to the Uzbek market and beyond.