Local Official Lubricants Oil Oil Oil ExxonMobil

jpnn.com JAKARTA – Acquisition of PT Federal Karyatama (FKT) – Manufacturer of Federal Oil and Federal Mobil Lubricant Brands by Esso Petroleum Company Limited and ExxonMobil UK Limited (ExxonMobil) is working well The local lubricants company officially became a member of ExxonMobil

Joining FKT at ExxonMobil is marked by the signing of the Deed contract Sale and purchase of shares by and between PT Mitra Pinasthika Mustika Tbk (MPMX), the parent company of FKT, and ExxonMobil on June 28, 2018.

ExxonMobil has purchased all FKT shares with a transaction value of USD366 million representing a 100% ownership changeover share, or l & # 39; equivalent of 423,600 shares held by MPMX and its subsidiaries in FKT.

This event also colored the FKT trip which in 2018 was packed uki 30 years. Established in 1988, the 30-year FKT journey has gone through many challenges in the lube industry in Indonesia.

Federal Oil (FO) is the first brand of two-wheeled motorcycles produced and at this time the official lubricant for Honda motorcycles.
Currently, with a market share of about 20%, Federal Oil has become the largest lubricant in the two-wheeled vehicle segment. Meanwhile, in the four-wheel drive segment itself, FKT has also released Federal Car lubricant since 2015 and continues to grow to meet market needs.

"As a local company, it is an extraordinary success.This acquisition opens new growth opportunities for FKT in the future," said PT FKT President Patrick Adhiatmadja at of the official broadcast Sunday (1/7).

MPMX is a leading company in Indonesia with a vision of having a positive impact on life through intelligent mobility and social integration. As a result of this transaction, MPMX will continue to be FKT's largest trading partner, particularly in terms of distribution, sales and marketing of FKT products in certain key markets, and will provide a cost-effective platform. and of superior value proposition. FKT and its customers. (mg8 / jpnn)