First publishedon www.AggBusiness.com
LiuGong and Valvoline have signed an MOU for a strategic global alliance for lubricants
Chinese construction and quarrying equipment giant LiuGong and Valvoline have signed an MOU (Memorandum of Understanding) for a strategic global alliance for lubricants. Under the alliance, Valvoline will become the preferred provider of lubricants for markets outside of China.
Zeng Guang’an, chairman of Guangxi Liugong Group and Guangxi Liugong Machinery, and Kevin Thieneman, LiuGong vice president of strategy and aftermarket, were present at the signing ceremony held in Houston, Texas.
“This is another step in our mission to provide complete solutions to our customers,” said Zeng. “And Valvoline is the perfect partner to help us realize this long-term ambition.
“Construction equipment customers consistently tell us that they want the lowest total cost of ownership. LiuGong already offers a very competitive machine acquisition cost. The Valvoline partnership enhances the ability of LiuGong and our dealers to keep machines running as well as extend the useful life,” said Thieneman.
“We’ve established a strong relationship with LiuGong in many markets. We are looking forward to expanding this relationship and delivering solutions to LiuGong and their customers as they further expand their business globally,” said Craig Moughler, Valvoline senior vice president of Product Supply and OEM.