Total Lubrifiants and ArcelorMittal sign three-year European supply agreement
Total Lubrifiants and ArcelorMittal, the world’s leading steel and mining company, have signed a three‑year European supply agreement related to the purchase of a complete range of maintenance lubricants, technical support and associated services. Total Lubrifiants is part of the French oil and gas major Total SA.
The agreement marks more than 20 years of partnership between the two companies. The core of the agreement is the supply of highly efficient lubricants, which would increase the reliability of ArcelorMittal’s steelmaking equipment.
The agreement optimises the cost, including the cost of maintenance operations and the lifecycle of key assets and equipment, minimizing downtime and production losses. The collaborative approach of both companies reflects ArcelorMittal’s strategy to be the most efficient and competitive producer of steel products.
“Today, we expect from our partner not only favourable commercial conditions, but also lubrication improvement programs to increase the productivity of our assets. Total Lubrifiants is a proven partner introducing the Total Cost of Ownership approach,” says Sanjay Pandya, general manager of ArcelorMittal, European Procurement Organisation.
“Focusing on the steel industry is a strategic choice for Total Lubrifiants made a long time ago. Currently, steelmakers are focused on efficiency and cost reductions. A long‑term partnership with ArcelorMittal allows us to introduce new lubrication solutions aimed at equipment efficiency, and increasing the profitability of production sites,” said Mathieu Soulas, CEO of Total Lubrifiants.