Castrol Turns 125, Debuts New Market Strategy

Castrol Turns 125, Debuts New Market Strategy

As part of the new strategy, Castrol will explore opportunities in battery thermal management, digital and service solutions and data center immersion cooling.

Castrol, a lubricant company part of the bp group, is celebrating its 125th anniversary in 2024 To mark this milestone, Castrol is introducing a new strategy titled “Onward, Upward, Forward” to address evolving customer needs, along with a special 125-year commemorative logo for use in worldwide events and sponsorships throughout the year.

The company said the “Onward” component of the strategy focuses on advancing mobility solutions with greater efficiency through innovative technologies and embracing circularity principles. “Upward” is aimed at enhancing the performance of Castrol’s industrial customers and their machinery, improving operational efficiency. The “Forward” aspect explores diversification opportunities, including digital and service solutions, data center immersion cooling and battery thermal management.

In 2023, Castrol refreshed its brand to reflect its commitment to being at the forefront of innovation, the company said. The company is investing in its global technology hubs and planning a $60 million investment in a new electric vehicle (EV) battery testing center and analytical laboratory in the UK.

Under the “Onward” strategy, Castrol has also launched Castrol ON EV Fluids, catering to the growing electric vehicle market alongside continued support for internal combustion engine and hybrid vehicles. Castrol is also focusing on more circular products, exemplified by the use of circular transmission fluid in Jaguar TCS Racing’s Formula E cars at the 2023 Monaco E-Prix.

“As we celebrate 125 years, Castrol is not just reflecting on the past but charting a course for the future,” said Michelle Jou, CEO of Castrol. “Our ‘Onward, Upward, Forward’ strategy embodies our dedication to accelerating our customers’ progress, helping them to face the challenges of tomorrow. We aim to grow our core business in new ways, using our cutting-edge technology and our trusted global brand to stay at the forefront of our sector. We’re developing more circular offers to help customers achieve their sustainability goals and exploring exciting new growth opportunities beyond lubricants. It’s a privilege to take Castrol’s 125-year-old iconic brand forward to serve the changing needs of customers and set our business up for future success.”

You May Also Like

BendPak Founder Don Henthorn Passes Away

Grew company from small machine shop to global leader in car lifts and garage equipment.

Don Henthorn, owner and founder of BendPak Inc., peacefully passed away at home Thursday, March 28, at the age of 85. Under his leadership, BendPak has grown from a small machine shop to one of the world’s leading manufacturers of car lifts and automotive service equipment.

Management and operations of the privately owned company are unchanged. 

ASE Practice Tests Available Online

You can get a good idea of what to expect by adding the official ASE practice tests to their study plans.

AACF Celebrates 65 Years Serving the Aftermarket

AACF will be announcing more details about this commemorative fundraiser April 1st.

ASE Education Foundation, Goodguys Continue Partnership

Goodguys is one of many industry relationships the foundation has developed to help solve the technician shortage.

Valvoline Celebrates Female Service Center Employees

As women make up more than half of all drivers in the United States, Valvoline is taking steps to increase their vehicle care confidence.

Other Posts

BorgWarner Announces Plan to Reduce Supply Chain Emissions

A partnership with Manufacture 2030 will support BorgWarner in reaching its Scope 3 emissions reduction goal.

Snap-on Continues to Offer Free Weekly Product Training Sessions

The online training and question and answer sessions are free of charge.

AMSOIL Introduces New OE 0W-40 100% Synthetic Motor Oil

The new OE 0W-40 is primarily for newer RAM HD trucks equipped with the 6.4-liter Hemi engine.

UniClutch Launches Clutch System in the United States

From Australian manufacturer Clutch Industries, UniClutch is a clutch system that delivers uncompromised performance.