Texol Lubritech opens manufacturing unit in Hamriyah Free Zone
India-based, Texol Lubritech, has officially inaugurated its first overseas manufacturing unit in the Hamriyah Free Zone, Sharjah, making its first expansion move outside of India.
The $12 million manufacturing unit was opened by Saud Salim Al Mazrouei, director of Hamriyah Free Zone Authority (HFZA) in the presence of Ramesh Parekh, chairman of the group; Simon Philip, vice chairman and CEO of the company; and several senior officials. The 215,278sqf plant is the third facility for Gandhar Oil Refinery India, to be opened with two other manufacturing plants already in operation in India.
The automated plant manufactures a complete range of white oils, LLP, HLP, transformer oils, rubber processing oils, industrial and automotive lubricants to cater the ever-increasing demand of cosmetic, pharma, transformers rubber, steel, automobile and other various type of industries. The capacity of the plant is 100,000 MT/annum.
Al Mazrouei said: "The opening of Texol's first overseas unite 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. This is a realistic outcome of strenuous efforts being made by Sharjah to attract quality investments and enhance the business environment, in line with the wise directives of His Highness Dr. Sheikh Sultan bin Mohammed Al Qasimi, Member of the Supreme Council and Ruler of Sharjah."
He further said: "HFZA has been handpicked by Texol Lubritech because of its miscellaneous incentives, privileges and state-of-the-art facilities developed specially to attract investors. Besides its perfect infrastructure and logistic services being offered to industrial companies, HFZA delivers competitive advantages and cost-effective solutions to go above and beyond the expectations of its customers and investors. Texol's move is yet another motivation for us to work very hard towards bolstering Sharjah's status as a regional industrial hub. We will keep on developing and upgrading our services, infrastructure and facilities to meet the diverse needs of all customers and investors."
"We are fully confident we have made the right move when we took Sharjah as a springboard for our operations and it will definitely help us improve our competitive edge," added Samir Parekh, executive director of Gandhar.