Total (Paris:FP) (LSE:TTA) (NYSE:TOT) has inaugurated its new state-of-the-art lubricants oil blending plant, strategically located in the Kaluga region of the Russian Federation. The grand opening ceremony took place today, October 15th, in the presence of Anatoly Artamonov, Governor of the Kaluga Region, and Patrick Pouyanné, Chairman and CEO of Total.
This blending and production plant will allow Total to localize the production of its top-tier lubricants for the Russian market. With an investment equivalent to $ 50 million, this facility has been designed to produce initially 40,000 tons of automotive and industrial lubricants per year, with a scale-up option to bring this capacity up to 70,000 tons per year. (Read more….)