New distribution agreement between Lubrizol and IMCD

The Lubrizol Corporation has announced a new distribution agreement with IMCD Group as part of its commitment to serving the growing lubricant and fuel additives market in Bangladesh.

The two companies have entered into a new agreement. Image source: Studio Romantic - AdobeStock (symbol image).

IMCD will distribute Lubrizol technology to customers throughout the country, enabling them to formulate higher-performance finished fluids and lubricants. Lubrizol believes the finished lubricant market in Bangladesh is expected to grow at a CAGR of 3–5%.

“Growing number of additives customers”

“This new agreement with IMCD will allow us to reliably service the growing number of additives customers in the country with our high-performance technology,” said Flavio Kliger, senior vice president and president, Lubrizol Additives. Demand for lubricants and finished fluids in South Asia is being driven by increasing urbanisation and industrialisation throughout the region. High-performance lubricants, fuels and fluids are required to support growing car parks and new requirements in industrial settings.

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