HPCL is a Global Fortune 500 company with $35billion in revenues
Dubai: UAE headquartered multi-business conglomerate Ghassan Aboud Group was appointed as a Distributor for export markets by Indian public sector petroleum giant Hindustan Petroleum Corporation Limited (HPCL) through its 100% subsidiary in the UAE, HPCL Middle East FZCO.
HPCL is a Global Fortune 500 company with US$ 35 billion in revenues, that owns and operates the largest Lube Refinery in India producing Lube Base Oils of international standards.
A vital part of HPCL, HP Lubricants is India’s largest lubricant marketer, which markets more than 450 grades of lubricants, specialties and greases manufactured in state-of-the-art blending plants spread across India. The grades manufactured by HP Lubricants find applications in automotive, industrial, mining and construction, agriculture, fishing, defence and railways among others.
The Ghassan Aboud Group is engaged in the automotive, retail, media, real estate, hospitality, pastoral, catering sectors with presence in the UAE, Belgium, Australia, Jordan and Turkey.
Most notably, the Ghassan Aboud Group is an established player in the automotive supply-chain for 25 years, with a market reach of over 100 countries. Furthermore, the group is major enabler of automotive trade with its global hub in the UAE and complementary operations in Belgium and Jordan. It has an impressive infrastructure that includes sales, storage, logistics and transportation facilities.
As part of the collaboration with HPCL, the Ghassan Aboud Group will market an impressive entire range of products including auto lubricants, industrial lubricants, asphalt, solvents and others.
Commenting on the collaboration, Mr. Ghassan Aboud, the Chairman of the group said “this is the beginning of important relationship for the group with such a preeminent giant in the lubricant industry. We are committed to deliver HPCL products across our extensive market network and achieve a progressive long-term partnership”.
Mr. Subhendu Mohanty, Chief Executive Officer & Director, HPCL Middle East FZCO, said that “being a market leader in the huge and highly competitive Indian Lubricants Market, HP Lubricants is effectively poised to offer its products and services in the Middle East, Africa and CIS. The partnership with the Ghassan Aboud group provides the ideal synergy to cater to the requirements of lubricants and other petroleum products in the assigned regions”. He added “both HPCL Middle East FZCO, HPCL’s 100% subsidiary in the UAE and the Ghassan Aboud Group are proud to partner together in this journey of mutual progress”.
Wishing the partnership a brilliant future, Executive Director-Lubes & Lubes SBU Head, HPCL India, Mr. R Sudheendranath expressed that “this partnership holds enormous potential for HP Lubricants and the Ghassan Aboud group to expand and reach out to several countries in their network with the high quality offerings of an established brand like HP Lubricants and other petroleum products from HPCL”.
About Hindustan Petroleum:
HPCL, one of India’s largest Public Sector Undertakings is a Global Fortune 500 and a Forbes 2000 company. HPCL owns & operates 2 major refineries with capacities of 7.5 MMTPA and 8.3 MMTPA producing a wide variety of petroleum fuels & specialties. HPCL also owns and operates the largest Lube refinery in India and has emerged as India’s largest Lube marketer with the HP Lubricant brands enjoying leadership position in various categories.
The Company under the stewardship of Mr. Mukesh Surana, Chairman & Managing Director grossed sales revenues of more than USD 35 Billion in 2017-18 with record growth. The company’s performance earned it a host of awards in 2017-18 which included “Top 100 Global Energy Leaders”, Asia’s Most Admired Brand 2018, Asia’s Most Valuable Business Brands 2018, Forecourt Retailer of the Year, Golden Peacock for Corporate Social Responsibility apart from various Safety and Sustainability awards.
About Ghassan Aboud Group:
Established in 1994, the Ghassan Aboud Group is a multi-business conglomerate that operates from its global headquarters in the United Arab Emirates with business operations in Australia, Belgium, Jordan and Turkey. The group is a diversified conglomerate engaged in automotive, hospitality, pastoral, real estate, retail, catering, media and art production businesses.
Original Article: Thomson Reuters ZAWYA