EPPCO Lubricants signs three-year MoU with FAMCO - GulfToday

EPPCO Lubricants signs three-year MoU with FAMCO

ENOC

Officials of EPPCO Lubricants and FAMCO at the signing ceremony.

Business Bureau, Gulf Today

ENOC Group’s EPPCO Lubricants has signed a three-year MoU with Al-Futtaim Auto & Machinery Company (FAMCO), the GCC’s largest construction and commercial vehicle distributor in a first-ever agreement with the Group to exclusively supply lubricants, coolants and greases for its UAE operations.

According to recent research, the global industrial lubricants market size is expected to reach $68.41 billion by 2024.

EPPCO Lubricants will supply approximately 22,500 barrels, an equivalence of 3.577 million litres of the products over the next three years.

Saif Humaid Al Falasi, Group CEO of ENOC said: “The growth of the manufacturing sector is resulting in a rise in demand within the automotive, industrial and marine lubricant markets. Our strategic partnership with FAMCO will contribute to meet current market requirements.”

Nigel Johnson, Senior Managing Director of Al Futtaim Industry Equipment said: “We at Famco are looking forward to working together with ENOC to bring all new range of lubricants to our customers to maximize construction and commercial vehicle uptime and minimize cost of ownership.

The partnership between EPPCO Lubricants and FAMCO is one of the most strategic accounts for ENOC Group in the last 15 years. With this MoU, both entities will jointly explore mutual areas of interest and future opportunities.

EPPCO Lubricants, a joint venture between ENOC and Chevron Al Khaleej, distributes ENOC and Caltex branded lubricants and greases in the UAE, providing top quality lubricants products and services to industries ranging from automotive, industrial to manufacturing and marine.

ENOC Group (Emirates National Oil Company) is a leading integrated international oil and gas player operating across the energy sector value chain. As a wholly owned entity of the Government of Dubai, and integral to the Emirate’s success, ENOC owns and operates assets in the fields of exploration & production, supply & operations, terminals, fuel retail, aviation fuel and petroleum products for commercial & industrial use. The Group’s general business operations includes automotive services, non-fuel F&B retail and fabrication services. Servicing thousands of customers in over 60 markets, the Group employs a multi-national workforce of over 11,000 employees and is deploying its world-class customer service, latest innovations and technologies and best practices to empower the UAE’s social and economic development.

Al-Futtaim Auto & Machinery Company (FAMCO) was established in the UAE in 1978, delivering products and services to a diverse range of industries and commercial businesses across the transportation, construction, oil and gas, manufacturing, warehousing and marine sectors. FAMCO is highly respected throughout the UAE for the supply and service of heavy vehicles and machinery. This includes trucks and buses, construction equipment, storage and handling, power and industrial, marine solutions, rental and used equipment, and financial services. The company is the sole UAE distributor for Volvo trucks, buses and construction equipment. FAMCO is also the exclusive distributor for internationally renowned industry heavyweights Sdlg,Yanmar, Doosan, Himoinsa, AGG and Linde.

Earlier, the ENOC Group announced the launch of ‘ENOCPay’, a cashless, cardless payment platform for both fuel and non-fuel products at ENOC and EPPCO service stations.

According to Saif Humaid Al Falasi, Group Chief Executive Officer of ENOC, “As a wholly-owned government entity, we are working determinedly to support our leaders’ vision to be at the forefront of innovation and bring the latest technologies to our customers.

“Our aim is to support the government’s vision to provide seamless services to visitors and residents and we are proud to support this vision through our service station network.”

ENOCPay enhances the customer experience by enabling them to pay with their mobile phones, without having to leave the comfort of their vehicle.

It allows users to link their Vehicle Identification Pass (VIP) RFID account to enable top-up, pay for fuel as well pay in-store at ZOOM and Pronto.

The app also allows for remote payments by entering the site and pump number details.

To use, customers must download the ENOCPay app from Apple Store or Google Play and register for a new account.

Users can also log-in using their social media accounts in Facebook, Twitter and Google.

Customers can add credit and debit card details on the app. Payment transactions are simple and contactless for both parties. Customers and fuel attendants both receive notifications of transaction status and a digital receipt is automatically generated. Highlighting its commitment to innovation, ENOC continues to introduce services that enhance customer service.

The Group has been offering contactless payment for corporate customers since 2014 via the path-breaking Vehicle Identification Pass (ViP) across the entire service station network of ENOC & EPPCO.