Malaysian lubes producer, LubeTech, has signed a major supply deal with the country's car maker.
Perodua's Myvi Wolfrace concept Image: Perodua |
LubeTech will provide non-motor oil lubricants and additives to Perodua in a deal with a potential $19.5m over five years. The contract will see LubeTech supplying a variety of products, including transmission and brake fluids and radiator coolant to the car maker's distribution and after-sales division - Perodua Sales.
Earlier this year, Perodua inked a deal with Malaysia's oil producer, Petrona, to supply motor oil under the Perodua Genuine Oil banner. Just one month later, Perodua turned to LubeTech to become a sub-supplier, before formalising the long-term arrangement at the end of September. In that time, LubeTech has already provided around half a million litres of products to Perodua with a value of RM4m ($1.3m).