Monday, 30 April 2018

ExxonMobil plans purchase of large Indonesia motorcycle lubricant manufacturer, marketer

ExxonMobil plans purchase of large Indonesia motorcycle lubricant manufacturer, marketer

30 April 2018, Sweetcrude, Houston, Texas – ExxonMobil said Monday it agreed to purchase PT Federal Karyatama (FKT), one of Indonesia’s largest manufacturers and marketers of motorcycle lubricants, to enable expansion in an important international market. The acquisition includes the Federal Oil brand and a 700,000 barrel per year blending plant in Cilegon, Indonesia. Pending …

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