Indutrade AB: Indutrade Subsidiary G A Lindberg ChemTech Initiates Co-Operation with ExxonMobil
Posted on June 23, 2008 – 4:40 pm | by vchris
STOCKHOLM, Sweden –Regulatory News:
ExxonMobil Petroleum & Chemical has chosen Indutrade’s (STO:INDT) 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)
About Indutrade
Indutrade markets and sells components, systems and services with a high-tech content within selected niches. Indutrade’s business is distinguished by:
High-tech products for recurring needs
Growth through a structured and tried-and-tested acquisition strategy
A decentralised organisation characterised by an entrepreneurial spirit
The Group is structured into four business areas: Engineering & Equipment, Flow Technology, Industrial Components and Special Products. Indutrade’s sales totalled SEK 5 673 million in 2007, generating operating income of SEK 650 million before depreciation of intangible assets. Indutrade is listed on the OMX Nordic Exchange Stockholm.
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Contacts
Indutrade AB
Johnny Alvarsson, President and CEO, +46-70 589 17 95.
Tags: ChemTech, exxonmobil, G A Lindberg, Indutrade Subsidiary
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