Thursday, November 26, 2015

#IOCL enters into a licencing agreement with #Evonik #Germany

12.9-billion Euro German specialty chemicals company Evonik Industries AG Evonik has entered into a licencing agreement with Indian Oil Corporation Ltd (IOCL) to offer hydraulic fluid formulated with DYNAVIS technology in India.

"Effective this month, IOCL will be offering our customers hydraulic fluid formulated with DYNAVIS technology. We are confident in introducing SERVO HYVIS EE 46 formulated with DYNAVIS technology to our local customers,” said TSR Gopala Rao, GM (Institutional Lubes Sales), IOCL, at CII-EXCON expo in Bengaluru.

“This oil will help the hydraulic equipment owners and operators (e.g. excavators, loaders, etc.) achieve higher levels of fuel efficiency and productivity," he added.

"We are currently supplying from our Singapore facility to India and other Asian countries and we expect to grow significantly in India and other developing countries", said Dr.Oliver Eyrisch, Director,Global Mktg & Branding,Oil Additives.Indian Oil's SERVO grades of lubricants will have DYNAVIS logo in it.