18 September 2007 08:51 [Source: ICIS news]
The plant has the capacity to produce 18,000 tonnes/year of finished lubricants, including all types of automotive, industrial and marine lubricants under IOC’s Servo brand, he told ICIS news.
It would sell about 5,000 tonnes/year in the Sri Lankan market, he said, pointing to
The company would rely on base oils imports from IOC, its parent company in
Lanka IOC has been marketing finished lubricants imported from
Caltex has an 80% share of the Sri Lankan lubricants market where annual demand is estimated at 45,000 tonnes. The other major suppliers are Shell, Castrol, ExxonMobil and Gulf Oil.
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