Gulf RAK Oil LLC has been set up as a manufacturing facility for lubricants and greases in Maritime City, Ras Al Khaimah, and was commissioned by Sheikh Saud bin Saqr Al Qasimi, the ruler of Ras Al Khaimah, in the presence of Gopichand P Hinduja, Co-Chairman, Hinduja Group of Companies.
The joint venture enjoys a LLC status being a Government of Ras Al Khaimah company.
The launch was also attended by M K Lokesh, Ambassador of India to the UAE, and senior officials of the government of Ras Al Khaimah and the Hinduja Group.
Spanning across an area of over 13 acres, the production facility at Gulf RAK provides for blending, filling and storage of finished products.
The plant has also been set up with a small pack filling line, drum decanting unit for blending, drum and bulk filling facilities.
Strategically located by the side of Saqr Port Canal, the facility has a direct pipeline access from the ship to company's base oil storage tanks, leading to the reduction of transportation hassles of bulk cargoes such as tank rentals and contamination.
IDO and Gulf Oil, through another Joint venture Standard Greases and Specialties (India) Ltd, have also commissioned a grease manufacturing facility in the same facility at Ras Al Khaimah.
This will ensure decreased product costs and facilitate a higher rate of organic growth.
"We are very pleased to launch our lubricant and grease manufacturing plant in Ras Al Khaimah. The plant is strategically located to enjoy easy accessibility as well as supportive trading policies which makes it viable for our products to be available at much more economical rates to the end user across the Gulf Cooperation Council (GCC) and MENA region," said Frank Rutten, Vice-President International of Gulf Oil.
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