Shell shared insights on TCO management at MCVE 2017
May 18, 2017
Shell Lubricants Malaysia shared valuable insights on how to achieve lower cost per kilometre with fleet owners at the Malaysia Commercial Vehicle Expo (MCVE) 2017 which was held on 18th May – 20th May 2017, at the Malaysia International Exhibition & Convention Centre (MIECC) in Kuala Lumpur.
MCVE is the largest exhibition dedicated to commercial vehicles in South-East Asia with presence from key industry players on-site. As the market leader in Malaysia, Shell Lubricants Malaysia again participated in the event and showcased the Shell Driveline products (Shell Rimula, Shell Spirax and Shell Gadus) and how these products can help the business owner in reducing their total cost of ownership (TCO).
According to Shell Lubricants Marketing Manager – Malaysia and Singapore, Alex Lim, the company presented key findings from the TCO Fleet Paper developed by Shell Lubricants based on results of an international survey conducted among 395 decision makers in the fleet sector in eight major countries all over the world. Summary findings revealed that many fleet companies underestimate on the importance of effective lubrication in helping to reduce costs and improve equipment productivity. Instead, lubricants are often the first to be considered when cutting costs.
At Shell, TCO is defined as the total amount spent on a vehicle or equipment, including cost of acquisition and operation over its entire working life; as well as the costs of lost productivity during downtime.
More than half of fleet managers and owners who took part in the survey did not consider the correlation between quality lubricants and TCO. Two-thirds of the survey respondents did not consider that using a better oil would help reduce unplanned and costly downtime. Only half of them would consider the lubricant’s performance as an important purchase consideration. This is where and how Shell products come into place and help in lowering the costs, added Alex.
For more information on how Shell products can help to lower the total cost of ownership for your fleet, please log on to www.shell.com.my/Rimula
For further Media Enquiries, please contact:
Head of Media Relations & Issues Management, Shell Malaysia
Shell is a global leader in power, energy, and gas technology and is working to meet increasing energy demand and supply challenges by delivering smarter products and cleaner energy, infrastructure, and by developing new energy sources while addressing the impact on the environment. Malaysia is one of Shell’s heartlands. The history of Royal Dutch Shell in Malaysia started more than 120 years in Miri, Sarawak. Shell currently has a strong market presence in the upstream and downstream sector in Malaysia.