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July 5, 2019, 4:18 p.m. EDT

Russian Federation : Lukoil Signs the Strategic Framework Agreement With Nestle

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Jul 05, 2019 (Euclid Infotech Ltd via COMTEX) -- In Moscow LUKOIL and Nestl have signed a three-year Framework Partnership Agreement, according to which Nestl becomes a strategic and main coffee supplier at LUKOIL filling stations. The document extends the cooperation started in 2014.

The cooperation with the global coffee leader assumes the implementation of the new retailing solutions at LUKOIL filling stations. The main ones include the development of menu for premium beverages and an exclusive blend of coffee, creation of a new design of coffee-zones and high-tech coffee equipment installation.

LUKOIL and Nestl agree upon the cooperation during the period of the Agreement, eyeing to double the coffee business at LUKOIL filling stations. This unique strategic alliance will allow Nestl and LUKOIL to scale up the new coffee solution in future to other European markets.

"Further development of cooperation with the global coffee leader will contribute to improving the quality of non-fuel goods' assortment at LUKOIL filling stations through the use of advanced technologies, unique recipes and remote monitoring and telemetry for quality control," said LUKOIL Vice President of oil products sales Maxim Donde.

"We are very happy with this important deal, due to the enhancing trend of growth in the food and beverage category in the gas station segment, where coffee has a key role to play in terms of growth and profitability", said Head of Nestl Professional in Europe, the Middle East and North Africa Mr. Vincent de Clippele.

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