Industry News

Gulf Oil Lubricants to Set Up New Production Facility in India

India: Gulf Oil Lubricants, which is a part of Hinduja Group, is in process of starting the production of lubricants in Ennore, Chennai by the end of second quarter in 2017. The construction of the lubricants plant has already been started and is expected to complete by the end of second quarter in 2017. The company is expected to commence production at its new facility by the third quarter of 2017. The company already has a production facility for lubricants located at Silvassa, with an annual production capacity of 90,000 kilo litre (KL). The second manufacturing facility of the company is expected to have a production capacity of around 40,000-50,000 kilo litre (KL) per annum.

TechSci Research depicts that setup of new facility in Chennai would help Gulf Oil Lubricants to strengthen their position in South India and cater to the growing demand for lubricants from the expanding automotive industry in Chennai, which has emerged as an automotive hub in India. This move would further help the company to increase its market presence and customers in the Southern India.  

According to TechSci Research Report “Global Specialty Lubricants Market By Type, By End Use, By Region Competition Forecast and Opportunities, 2011 – 2025”, the global specialty lubricants market is anticipated to cross $ 81 Billion by the end of 2025. Growing industrialization and expected revival of crude oil prices are expected to influence the demand for specialty lubricants across the world during 2016-2025. Moreover, improving economic scenario, widening base of small and mid-cap industries and growing adoption of advanced machineries are anticipated to positively influence the global specialty lubricants market during forecast period.

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