Japan's Idemitsu Kosan establishes Mexico lube oil sales company

18 April 2013 17:26  [Source: ICIS news]

TOKYO (ICIS)--Japanese refiner Idemitsu Kosan has established a lube oil sales company in Mexico City in March, the company said on Thursday.

The new company, Idemitsu Lubricants Mexico, is scheduled to begin commercial operation in June 2013, Idemitsu Kosan said in a statement.

The company plans to sell 10,000 kilolitres/year of lube oil by 2015, and generate net sales of $22m (€17m) in the same year, Idemitsu added.

($1 = €0.77)

By: Tomomi Yokomura
+65 6780 4359

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