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PressClub USA · Article.
PETRONAS TO BE PREMIUM PARTNER OF BMW SAUBER F1 TEAM
Mon Nov 28 12:30:00 CET 2005 Press Release
Two strong partners formally forge an alliance: PETRONAS is to be the premium partner of the new BMW Sauber F1 Team that is gearing up for its debut in the 2006 Formula One World Championship.
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BMW Group
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Author.
Roy Oliemuller
BMW Group
Contract signing ceremony in Kuala Lumpur.
Munich/Kuala Lumpur, 24th November 2005. Two strong partners formally forge an
alliance: PETRONAS is to be the premium partner of the new BMW Sauber F1 Team
that is gearing up for its debut in the 2006 Formula One World Championship.
Today, Thursday, a four-year contract was signed and sealed in Kuala Lumpur,
confirming PETRONAS as the main sponsor through to and including season
2009.
"We are delighted to have such a strong partner for our Formula One project,"
said BMW Motorsport Director Mario Theissen after the contract signing ceremony
in the PETRONAS Twin Towers. "We are building on a longstanding association
between PETRONAS and the previous Sauber Team. PETRONAS is a major player above
all in Asia, which is a very significant growth market for BMW too."
Rosman Roslan, Head of PETRONAS Motorsports stated: "Through our relationship
with Sauber of more than ten years, Formula One became a powerful platform for
PETRONAS to build a strong global brand in support of our international
business expansion. As an extension of our long-standing relationship with
Sauber to the new BMW managed team, PETRONAS is proud to be associated with a
globally successful manufacturer and a premium brand. This association with BMW
will enable us to further elevate PETRONAS globally as well as enhance our
brand through worldwide exposure as well as worldwide positioning."
Peter Sauber remarked on the occasion of the contract signing in Kuala Lumpur:
"The partnership between PETRONAS and Sauber began in 1995. In the course of
time it went far beyond a classic sponsorship and has been outstanding
throughout all those years. I am personally delighted that this partnership,
which has been so fruitful for both sides, is to continue with the new BMW
Sauber F1 Team."
The race car will be unveiled in its new livery at the team presentation in
Valencia, Spain on 16th/17th January.
PETRONAS is Malaysia's national oil and gas company. PETRONAS was founded in
1974 and is now active in 31 countries. In fiscal year 2004/2005 (ended 31st
March 2005), PETRONAS posted a net profit of 9.4 billion US dollars from
turnover of 36.1 billion US dollars.