IN OTHER WORLDS EXPANSION
ExxonMobil to build a lubes blending plant in India
E
xxonMobil has announced plans to build a lubricants manufactur- ing plant in Maharashtra India worth USD $110 million. Once operational, the
plant will have the capacity to potentially manufacture 159,000 kiloliters of finished lubricants annually to meet lubricant needs of India, both in the industrial and automo- tive sectors. The plant is expected to begin operations by the end of 2025. “We are proud to deepen our
longstanding commitment to India with our first greenfield investment. Maharashtra is amongst India’s largest manu- facturing hubs and a natural choice for our lubricant
plant; thanks to its attractive investment environment,” said Monte Dobson, Lead Country Manager for ExxonMobil affiliates in India. “This is a step change
towards bolstering our posi- tion as one of India’s leading providers of high-perfor- mance lubricants. Manufac- turing locally will simplify our supply chain, enabling us to serve the needs of our Indian customers more readily. We are excited about our growing role in supporting the India growth story,” said Vipin Rana, CEO, ExxonMobil Lubricants Pvt. Ltd.
The manufacturing plant will source the base stocks, additives, and all packaging
AMSOIL acquires Benz Oil INVESTMENT
acquired Milwaukee-based Benz Oil. Founded in 1898, Benz Oil specializes in the development, manufacture and supply of industrial and metalworking fluids. Benz Oil will become part of AMSOIL and the AMSOIL Industrial business unit. “Bringing the Benz team and
A
facilities onboard as part of AMSOIL Industrial immediately boosts our capabilities and expertise with industrial fluids,” said AMSOIL Chairman & CEO Alan Amatuzio. “This acquisition makes AMSOIL Industrial the premier choice for companies that want to maximize the efficiency and
16
MSOIL INC., a US based manufacturer of synthetic lubricants, has
reliability of their operations. Our solutions, expertise and passion make AMSOIL an indispensable partner.”
The AMSOIL Industrial product
portfolio includes turbine oil, hydraulic oil, gear oil, compressor oil, stationary engine oil, grease, coolant and flushing and cleaning
products. With this acquisition, cutting and grinding metalworking fluid, process fluid, heat-transfer fluid and other specialty fluids are added to the list. “As the third-generation leader
of a family-owned company with a strong legacy, it was important for us to find new ownership that
would seamlessly embrace our values and preserve the core of what we have built over the past 125 years,” said Benz Oil CEO Dixon Benz II. “I truly believe that AMSOIL, another family-owned, Wisconsin company, with a highly capable team, will embrace the values of our organization and accelerate its trajectory. It’s exciting to know that AMSOIL embraces our foundation and it is committed to growing the company in meaningful ways. This is a tremendous opportunity for our customers and employees.” The Benz facilities in Milwaukee
SOURCE | AMSOIL
will be rebranded as AMSOIL. Sales, laboratory operations, production and distribution will continue on site.
. LUBEZINE MAGAZINE | JUNE 2023
From L-R Industry Minister of Maharashtra Uday Samant, India Lead Country Manager for ExxonMobil affiliates Monte Dobson, Deputy Chief Minister of Maharashtra Devendra Fadnavis and ExxonMobil Lubricants Pvt. Ltd CEO Vipin Rana. SOURCE | EXXONMOBIL
locally to boost the “Make in India” initiative. The plant is expected to create over 1,200 jobs during the construction phase. ExxonMobil has an exten-
sive range of Mobil-branded lubricants and greases. The company is also a major supplier of liquefied natural gas and chemical products in India.
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