GP Petroleums Ltd. plans to enter new segments in the industrial lubricants business and expand its distribution network to make the company grow, said its chief executive, Prashanth Achar.
“Talking about industrial, we are focusing on the sugar industry, plastic injection molding industry [and] process industries,” Achar told Lube Report in an interview. GP will focus on expanding its product portfolio, and these new segments offer growth opportunities, he said.
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The Ipol-branded lubes supplier, which is licensed to manufacture and market Spanish producer Repsol’s finished products in India, is looking to expand its automotive lubricants distribution network. GP works with 200 industrial lubricant distributors and 300 automotive lube distributors. The company has a goal of doubling its automotive lubricants network over the next two years, Achar said.