India-based Texol Lubritech, a joint venture of Gandhar Oil Refinery India, has officially inaugurated its first overseas manufacturing unit in the Hamriyah Free Zone Authority at Sharjah, making its first expansion move outside the country.
The $12-million manufacturing unit was opened by Saud Salim Al Mazrouei, the director of HFZA, in the presence of Ramesh Parekh, the chairman of the group; Simon Philip, the vice chairman and CEO and other senior officials.
The 215, 278 sq ft plant is the third facility for Gandhar Oil Refinery India, and will boast a capacity 100,000 MT/annum. The company has two other manufacturing plants already in operation in India.
Commenting on the announcement, Al Mazrouei said: "The opening of Texol’s first overseas unit reflects HFZA’s prominent position as a preferred destination for the world’s leading industrial companies and would further enhance Sharjah’s illustrious reputation as a global hub for industrial companies."
The Sharjah-based automated plant will manufacture a complete range of white oils, LLP, HLP, transformer oils, rubber processing oils, industrial and automotive lubricants to cater to the ever-increasing demand of cosmetics, pharma, transformers rubber, steel, automobile and other various types of industries.-TradeArabia News Service