ChevronTexaco Global Lubricants Wins Contract With Hanson Building Materials America.Business Editors/Automotive Writers SAN RAMON San Ramon (Spanish for "Saint Raymond") may refer to one of the following places:
ChevronTexaco Global Lubricants lubricants preparations for the lubrication of passages to reduce frictional injury, e.g. oily preparations, including petroleum jelly, lanolin or water-soluble preparations such as methyl cellulose. (CTGL) today announced it has earned both the lubricants and coolants business for Hanson Building Materials Building materials used in the construction industry to create . These categories of materials and products are used by and construction project managers to specify the materials and methods used for . America (HBMA HBMA Hierarchical Block Matching Algorithm ), the leading supplier of heavy building materials to the construction industry. This preferred supplier relationship further strengthens CTGL within the construction segment and offers HBMA unparalleled access to some of the highest quality products, services, and technology available. The multi-year agreement encompasses all divisions within HBMA including aggregates, concrete pipe, brick, sand and gravel, asphalt, and cement throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . The estimated annual revenue generated from both the lubricant and coolant coolant (kōō´l  nt),n sales will be in excess of $5.7MM. One of the benefits HBMA expects to gain in choosing ChevronTexaco as its supplier is the ability to streamline its inventory, resulting in increased efficiencies and lower maintenance downtime. Additionally, HBMA foresees benefits from CTGL's strategic network of lubrication lubrication, introduction of a substance between the contact surfaces of moving parts to reduce friction and to dissipate heat. A lubricant may be oil, grease, graphite, or any substance—gas, liquid, semisolid, or solid—that permits free action of marketers who are positioned to provide extensive coverage to every HBMA facility throughout North America, and all of who support ChevronTexaco's corporate vision to be the global energy supplier most admired for its people, partnership and performance. "ChevronTexaco wants to be more than a traditional solutions provider; we offer HBMA true solutions in the areas of inventory management, equipment reliability, increased productivity and management reporting, which are designed to help HBMA realize a decrease in its overall cost of operation," said Brian Schmidt
Brian L. Schmidt is a music composer for various video games and pinball games. , Team Leader, Commercial and Industrial Off Highway, ChevronTexaco Global Lubricants. "The construction business is fiercely competitive and I am exceptionally proud of our team and the relationship we have forged with HBMA." CTGL's award-winning product line is a leader for both the on-highway and off-highway markets. The Delo lubricant line is the only brand to receive the Lubricants World Product of the Year Award for two consecutive years, 1999 and 2000. Additionally, Delo Extended Life Coolant offers high-value to customers who must balance performance with cost. The product provides long service life protection, superior corrosion protection, long water pump seal life, and excellent heat transfer. "Hanson met a number of companies and determined that CTGL has the best overall lubricants program for our business needs," said Jim Renfro, Director of Procurement, Hanson Building Materials America. "We are in a rapidly changing environment due to new equipment technology and regulatory mandates, and we need a company that can stay ahead of the curve. CTGL demonstrated it can do that with innovative thinking and value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. programs beyond just supplying oil. We are looking forward to working with CTGL and seeing how they can help us do what we do even better." About Hanson Building Materials America Operating in over 450 locations across 27 states, Mexico and the Canadian provinces of Ontario and Quebec, HBMA is the third largest aggregates producer and the third largest ready-mixed concrete producer in America. The company is also the largest producer of brick, concrete pipes, and pre-cast concrete products in North America. For more information, please see http://www.hanson-america.com/inside.htm. About ChevronTexaco Global Lubricants ChevronTexaco Global Lubricants (CTGL) is a leader in providing lubrication products and solutions to retail consumers, and commercial and industrial customers. Headquartered in San Ramon, CA, CTGL is ranked among the top three global marketers of lubricants, is active in 186 countries and employs 4,000 employees. Its worldwide presence enables the company to be a local provider of superior service with global resources. CTGL is a division of a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of ChevronTexaco Corporation (NYSE NYSE See: New York Stock Exchange :CVS (1) (Concurrent Versions System) A version control system for Unix that was initially developed as a series of shell scripts in the mid-1980s. CVS maintains the changes between one source code version and another and stores all the changes in one file. ). CTGL markets a full line of lubrication and coolant products under the Chevron, Texaco and Caltex brand names. Select brands include Havoline(R), Delo(R), Ursa(R), Revtex(R) and Texaco Xpress Lube(R). The company has patented technology in advanced lubricants products, new generation Base Oil Technology, as well as in more diverse areas such as coolants and crop protection. For more information, see http://www.chevrontexaco.com/. Cautionary Statement Relevant to Forward-Looking Information for the Purpose of "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. This news release contains forward-looking statements about the relationship between ChevronTexaco and Hanson Building Materials America. The statements are based on management's current expectations, estimates and projections; are not guarantees of future performance; and are subject to certain risks, uncertainties and other factors, some of which are beyond the company's control and are difficult to predict. Among the factors that could cause actual results to differ materially are the identification of a buyer and timing and terms of the sale of the company's interests; local and general economic conditions; and local political events. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Unless legally required, ChevronTexaco undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. |
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