Mumbai-based transformer oils supplier Apar Industries Ltd. said its subsidiary in Singapore, Petroleum Specialities Pte. Ltd., will construct a facility in the United Arab Emirates by the end of 2015.
Apar informed the Bombay Stock Exchange last week that its wholly owned subsidiary, based in mainland Singapore, is currently building a facility on 30,000 square feet of land in the Hamriyah Free Zone Authority, near Sharjah, U.A.E.
At the new facility, Petroleum Specialities Pte. Ltd. will blend, process and store lubricants and a range of specialty oils for power, cosmetics, industrial and automotive segments.
Apar Industries Ltd. is Indias largest supplier of transformer oils, accounting for what it says is about 50 percent of the countrys market. Its also the nations fifth-largest supplier of lubricants, including products such as transformer oils, white oils and rubber process oils. The company also offers power transmission conductors, power cables and more.