ExxonMobil Petroleum & Chemical has chosen Indutrade's subsidiary G A Lindberg ChemTech as the new distributor of lubrication oils primarily to Swedish industry. Co-operation between the two companies began on 15 April.
Indutrade's annual sales through the co-operation will initially increase by SEK 40 million and are expected to rise to approximately SEK 200 million in 2-3 years' time.
ExxonMobil has been delivering quality lubricants to the Swedish market for many years under its Mobil brand. The decisive factors in the choice of G A Lindberg ChemTech included its strong technical know-how about Swedish industry and access to an active sales organisation that will enhance local proximity and service for Mobil's products.
G A Lindberg ChemTech is part of Indutrade's Industrial Components business area, which had sales of SEK 940 million in 2007.
Stockholm, 23 June 2008
INDUTRADE AB (publ)