Cosmo Oil Co., Ltd. (president, representative director: Keizo Morikawa) and its subsidiary, Cosmo Oil Lubricants Co., Ltd. (president, representative director: Katsuyuki Ihara), along with TonenGeneral Sekiyu K.K. (representative director and president: Jun Mutoh) and its subsidiary, EMG Marketing Godo Kaisha (president: Takashi Hirose), concluded a contract today for the consignment of the manufacture of lubricant products at the Cosmo Lubricants Chiba Plant to the EMG Marketing Tsurumi Lube Oil Blending Plant
1.Objective
Although economic recovery has slowed the downturn in domestic demand for lubricants, the downward trend is likely to continue in the medium term, necessitating measures to ensure greater competitiveness. Due to these circumstances, the Cosmo Oil Group is promoting rationalization and further efficiency in all of its businesses and in all of the regions where it operates. As part of these efforts, in its lubricants business in the Chiba area, the group has been discussing the structure of the Cosmo Lubricants Chiba Plant. As the TonenGeneral Group’s Tsurumi Lube Oil Blending Plant is able to increase its operating rate, it was deemed advantageous to pursue this opportunity to achieve greater efficiency.
With the conclusion of this contract, the Cosmo Oil Group will close the Cosmo Lubricants Chiba Plant and restructure its supply system with the consignment of lubricant product manufacture. In addition, the TonenGeneral Group will expand the facilities at the Tsurumi Lube Oil Blending Plant to realize greater efficiency with the acceptance of the consignment of lubricant product manufacture.
2.Overview of plants
| Cosmo Lubricants Chiba Plant | EMG Marketing Tsurumi Lube Oil Blending Plant |
|
|---|---|---|
| Location | 2 Goi Kaigan, Ichihara-shi, Chiba(inside Cosmo Sekiyu Chiba refinery) | 2-1 Anzen-cho, Tsurumi-ku, Yokohama-shi, Kanagawa |
| Area | Approx. 61,000m2 | Approx. 138,000m2 |
| Main facilities | Lubricant blending, filling and warehousing facilities | Lubricant blending, filling and warehousing facilities |
| Annual production volume | Approx. 40,000 KL | Approx. 110,000 KL |
3.Schedule (planned)
| August 2014 | Commencement of EMG Marketing Tsurumi Lube Oil Blending Plant expansion |
|---|---|
| August 2015 | Completion of EMG Marketing Tsurumi Lube Oil Blending Plant expansion |
| November 2015 | Commencement of shipment from EMG Marketing Tsurumi Lube Oil Blending Plant |
| December 2015 | Closure of Cosmo Lubricants Chiba Plant |
