Chevron Lubricants Lanka PLC inaugurated a 45 million liter blending plant and warehouse complex in Sapugaskanda, Sri Lanka, last week. The new facility will replace the companys plant in Kolonnawa – one of just two lube blending plants in the island nation.
Built on a 4.5-acre plot, the new 5,000-square meter blending facility is semi-automated and has capacity to make 45 million liters of lubes per year based on a single shift per day. Officials said it has improved material flow for optimal efficiency and productivity. The project included construction of a laboratory and storage tanks for finished lubes and base stocks. The warehouse has a modern racking system.
The warehouse facility and laboratories would [improve] the efficiency in serving the Sri Lankan market as well as export markets – Bangladesh and Maldives – to support Sri Lankas growing economy, said Kishu Gomes, chief executive officer and managing director of Chevron Lubricants Lanka.
Chevron Lubricants Lanka contributes to the local economy by staffing itself solely with Sri Lanka citizens, Gomes added.
Colombo-based Chevron Lubricants Lanka recently reported Rs 750 million (U.S. $12.2 million) in net profit for the quarter ended Sept. 30, a 23 percent increase over last years corresponding quarter figure of Rs 610 million. The company also reported an increase in revenue of 11 percent year-over-year, to Rs 3 billion, from Rs 2.78 in 2013.