Vietnamese lubricant company NPOil broke ground on a second lubricant blending plant expected to boost the company’s exports to Southeast Asia, South Asia, the Middle East and Africa, according to its press release.
On Nov. 21, the company said the new plant is located in Duc Hoa Dong Industrial Zone, My Hanh Commune, Tay Ninh Province, between Ho Chi Minh City and Cambodia’s capital Phnom Penh. It will have capacity to produce about 1,200 to 1,500 metric tons per month.
NPOIL said it will use base oils and additives from the United States, Europe, the United Arab Emirates, Australia and India.
“Selecting sources from these regions is to ensure stability, consistency and to meet strict technical standards, while creating a foundation to gradually improve the quality of products under the NPOil Vietnam brand,” the company said in its press release.
The company plans to develop products for the transportation, industrial and marine sectors and lubrication solutions for electric vehicles and new generation transmission systems.
“These are considered to be potential market segments but also have high requirements for quality, stability and the ability to meet technical standards,” the release said.
Established in 2009, NPOil produces three main brands – NPOil, Petrolub and Petrocool – used in the civil, industrial, agriculture, fisheries, construction, mining and transportation industries. It exports to neighboring Laos, Cambodia and Myanmar as well as to customers in Africa.
The company did not respond to requests for comment at the time of publication.