Saneg announces the acquisition of CGC Lubricants Italy, an Italian producer of oils and greases
Uzbekistan's largest private oil and gas company, Saneg, said it has acquired CGC Lubricants Italy S.p.A., an Italian producer of high-quality oils and greases for the automotive and industrial sectors. Thanks to this acquisition, Saneg significantly expands its presence on the European market and strengthens its position as a technological leader in the lubricants industry.
As a result of the agreement, CGC Lubricants Italy was renamed to SANEG OIL ITALY S.P.A..
The acquisition of the Italian company brings together two recognized players in the lubricants industry. CGC Lubricants Italy has its headquarters in Rome and a modern production plant in Bari with qualified personnel.
Bakhtiyor Fazilov, Chairman of the Saneg Board of Directors, said:
“The acquisition represents a milestone in our current expansion strategy. The synergy between the two companies not only expands Saneg's presence on the European market, but also strengthens its position as a technological leader in the lubricants sector in Uzbekistan and the Central Asia. This is in line with our company's commitment to providing quality products to consumers in the country, thus contributing to import independence.”
Saneg CEO Tulkin Yusupov added:
“At the Bari plant the company has an accredited research laboratory for the introduction and development of new products. This experience will also be applied at the Saneg refinery in Fergana (FNPZ). The advanced technologies and know-how of Saneg Oil Italy S.p.A. will allow us to increase the production of lubricants in Uzbekistan.”
The company's production processes are highly automated, ensuring efficiency and stability in the production of different types of lubricants.
Saneg will also acquire a significant share of the Italian and European lubricants market thanks to access to a vast network of distributors in Italy, France, Spain and Portugal. At the same time, Saneg Oil Italy S.p.A. will act as a strategic supplier of high-tech products to the Fergana refinery (FNPZ), ensuring continuous supplies to the Uzbek market and beyond.
Furthermore, a strategic cooperation agreement was signed with SEG Motol, a subsidiary of Saneg, which is a major producer of technical oils in Uzbekistan.
This acquisition provides for the development of collaboration in the scientific, technological and commercial sectors. Key parameters of the agreement include the exchange of experiences in the field of formulations and technologies, as well as obtaining European certifications for base oils produced at the Fergana refinery (FNPZ).
