DUBAI, March 31- A state-of-the-art lubricant manufacturing plant and grease processing unit, jointly set up by the Hinduja Group and the government in United Arab Emirate’s Ras Al Khaimah emirate, has been commissioned with an aim to gain a regional market share of up to to 8.0 per cent in the next four years, Press Trust of India (PTI) reported.
Gulf RAK Oil LLC has been set up as a manufacturing facility for lubricants and greases in Maritime City, Ras Al Khaimah, and was commissioned by Sheikh Saud bin Saqr Al Qasimi, the ruler of Ras Al Khaimah, in the presence of Gopichand P Hinduja, Co-Chairman, Hinduja Group of Companies.
The joint venture enjoys a LLC (Limited Liability Company) status being a Government of Ras Al Khaimah company.
A joint venture of the Government of Ras Al Khaimah and Gulf Oil International – the energy wing of the Hinduja Group, the facility has a blending capacity of 70,000 MTPA of lubricants.
The launch was also attended by M K Lokesh, India’s ambassador to the UAE, and senior officials of the government of Ras Al Khaimah and the Hinduja Group.
Spanning across an area of over 13 acres, the production facility at Gulf RAK provides for blending, filling and storage of finished products.
The plant has also been set up with a small pack filling line, drum decanting unit for blending, drum and bulk filling facilities. The plant holds the capacity to fill small pack up to 6,000 MTPA in addition to grease production and filling of 10,000 MTPA.
Strategically located by the side of Saqr Port Canal, the facility has a direct pipeline access from the ship to company’s base oil storage tanks, leading to the reduction of transportation hassles of bulk cargoes such as tank
rentals and contamination.
IDO and Gulf Oil, through another Joint venture Standard Greases and Specialties (India) Ltd, have also commissioned a grease manufacturing facility in the same facility at Ras Al Khaimah. This will ensure decreased product costs and facilitate a higher rate of organic growth.
– BERNAMA
