Hinduja group-owned Gulf Oil Corporation (GOCL) is planning to set up lube oil blending plants in Indonesia and China with an initial investment of $ 5 million. | |
| In Indonesia, the company already has marketing network. The proposed lube oil and grease manufacturing unit in Indonesia will be completed in one year, sources said. |
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| N C Sekhran, head, Lubes, told Business Standard, "For the Indonesian plant, GOCL has tied up with Tharapur Grease (TG) to form a 75:25 joint venture company"" Gulf Oil Lubricants Indonesia." |
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| The lube plant in China is a 100 per cent venture of Gulf Oil companies. |
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| The construction of the plant has commenced in January this year at Yantai and it will be completed by the end of 2006. |
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| The plant will have a production capacity of 40,000 kilo liter lube per annum. |
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