London, UK and Ostfildern, Germany, 15 February 2019.
Castrol, one of the world’s leading lubricants brands, and Gehring, a globally operating machine tool company, have announced a significant strengthening of their relationship by creating a partnership which will bring together Castrol’s knowledge of lubrication and metalworking fluids with Gehring’s expertise in precision machine tooling.
Gehring is widely recognised as a technology leader for honing internal combustion engines in the automotive manufacturing sector, but they are also innovators in the manufacture of traction drives for electric vehicles.
Meeting the future challenge of continually reducing CO2 emissions and increasing engine efficiency will require a step change in the precision manufacturing of engine parts. Gehring and Castrol will be working together on co-designing honing machine tools, honing fluids and creating new digital fluid monitoring systems. These will enable greater precision in manufacturing and open up possibilities for the use of new materials in future engine designs.
Mathias Buschbeck, Global Industrial Leader at Castrol, said: “Now is an exciting time for suppliers to the auto industry. By working together to push the boundaries of our respective technologies this partnership will open up new opportunities to jointly develop offers which will help automotive manufactures to respond to the emerging trends in transportation.”
Dr. Sebastian Schöning, CEO of the Gehring Group, stated: “The Gehring Group contribute towards the reduction of CO2 emissions from modern engines with our innovative technologies and want to improve every single part of the complete production system. Therefore, the partnership will push us forward regarding fluid optimization and digital opportunities for monitoring. We are looking forward to a successful relationship.”
The two companies are already exploring how to increase the efficiency of combustion and engine oil lubrication by developing new solutions to optimise cylinder-block machining and surface finishing. The surface structure of cylinder blocks has to be perfectly designed to absorb as much engine oil as possible, while maintaining the required friction properties for ideal fuel combustion. This partnership will enable greater precision in manufacturing and open up new possibilities for the use of new materials in future engine designs.
Castrol, one of the world’s leading lubricant brands, has a proud heritage of innovation and fuelling the dreams of pioneers. Our passion for performance, combined with a philosophy of working in partnership, has enabled Castrol to develop lubricants and greases that have been at the heart of numerous technological feats on land, air, sea and space for over 100 years.
Castrol is part of the BP group and serves customers and consumers in the automotive, marine, industrial and energy sectors. Our branded products are recognized globally for innovation and high performance through our commitment to premium quality and cutting-edge technology.
To find out more about Castrol please visit www.castrol.com
Gehring is a globally operating machine tool company with more than 90 years of experience and expertise in precision. Our daily incentive is to produce functionally optimized surfaces. Ideal tribological surfaces to allow for high efficiency is the promise we give to our customers.
After the merger with copperING, who has extensive experience as a manufacturer of production technology in the field of electrical powertrains, the group offers a wide range of innovative production technologies for vehicle drives – from conventional solutions to hybrid technologies and even integral electrification.
To find out more about Gehring please visit www.gehring-group.com
In order to utilize the ‘safe harbor’ provisions of the United States Private Securities Litigation Reform Act of 1995 (the ‘PSLRA’), BP is providing the following cautionary statement. This press release contains certain forward-looking statements – that is, statements related to future, not past events and circumstances – which may relate to one or more of the financial condition, results of operations and businesses of BP and certain of the plans and objectives of BP with respect to these items. These statements are generally, but not always, identified by the use of words such as ‘will’, ‘expects’, ‘is expected to’, ‘aims’, ‘should’, ‘may’, ‘objective’, ‘is likely to’, ‘intends’, ‘believes’, ‘anticipates’, ‘plans’, ‘we see’ or similar expressions. Actual results may differ from those expressed in such statements, depending on a variety of factors including the risk factors set forth in our most recent Annual Report and Form 20-F under “Risk factors” and in any of our more recent public reports.
Our most recent Annual Report and Form 20-F and other period filings are available on our website at www.bp.com, or can be obtained from the SEC by calling 1-800-SEC-0330 or on its website at www.sec.gov.