Nynas AG is upbeat about its growth in India, a local representative confirmed. The Swedish naphthenic base stock producer is looking to expand throughout the country by farming out more sales staff and establishing more depots.
The supplier of specialty oils for applications in the tire, transformer, chemical, plastic and lubricant industries has been in India since 2006, having started as a local liaison office before transitioning to a full-fledged sales operation in 2009 and establishing headquarters in Navi Mumbai and bulk storage terminals in the western and southern regions of the country.
But as the firms CEO, Gert Wendroth, said on a recent visit to India, Nynas is on a push to increase its footprint throughout the country, General Manager, of India, Manoj Singh, told Lube Report Asia.
The South is Nynas major focus for coming years, followed by the East, Singh said. Nynas will pay particular attention to establishing more sales presence in the states of West Bengal, Odisha and Jharkhand. Grease and industrial lubricants are its the main target markets, he continued, followed by plasticizers, tires and chemical industries.
Nynas is co-owned by Neste Oil and Petroleos de Venezuela S.A. (PdVSA).