ExxonMobil and Caterpillar(R) Announce New Supply Agreement
21 Septembre 2005 - 4:00PM
Business Wire
ExxonMobil and Caterpillar today announced a new five-year supply
agreement in which ExxonMobil will produce and supply
Caterpillar(R) oils to Caterpillar factories and dealers worldwide.
ExxonMobil has supplied private label lubricants to Caterpillar
since 1987. ExxonMobil will be the exclusive supplier to
Caterpillar worldwide for 30 Cat(R) lubricants for engines,
transmissions, hydraulics and final drives. "Caterpillar and
ExxonMobil bring together world-class product research and have
created lubricant technologies that directly enhance the life of
Cat equipment," said Bill Springer, Caterpillar vice president with
responsibility for the Product Support Division. "These oils have
been designed to work as a system with the machine and engine to
provide the highest performance, while lowering the operating costs
for Caterpillar customers." "Market acceptance has proven the value
of the Caterpillar and ExxonMobil alliance. The Caterpillar brand
oils supplied by ExxonMobil have delivered an average growth rate
of 10 percent in sales over the past 10 years, compared to less
than 2 percent for the rest of the lubricant industry," Springer
said. "Through cooperative research, our teams have designed and
produced lubricants that meet Caterpillar's high performance
standards," said Jim Hennessy, vice president - sales, ExxonMobil
Lubricants & Specialties. "Before the oils are produced, the
products and performance specifications are tested and approved by
Caterpillar. Our global relationship with Caterpillar includes a
dedicated team to support the Caterpillar program, which includes
providing technical and marketing training to all Cat dealers and
facilities -- worldwide. ExxonMobil and Caterpillar are already
working together to develop the next generation of oils. We are
currently exploring engine oils that will meet even lower emission
requirements and other machine lubricants that will extend
component life." ExxonMobil is a trademark of Exxon Mobil
Corporation (NYSE:XOM) or one of its subsidiaries. For 80 years,
Caterpillar Inc. has been building the world's infrastructure and,
in partnership with its worldwide dealer network, is driving
positive and sustainable change on every continent. With 2004 sales
and revenues of $30.25 billion, Caterpillar is a technology leader
and the world's leading manufacturer of construction and mining
equipment, diesel and natural gas engines and industrial gas
turbines. More information is available at www.cat.com. CAT,
CATERPILLAR, their respective logos and "Caterpillar Yellow," as
well as corporate and product identify used herein, are trademarks
of Caterpillar and may not be used without permission.
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