* Investing nearly INR 900 crore to build a lubricant plant in Raigad, Maharashtra
* New plant expected to produce 159,000 kiloliters of finished lubricants per year to help meet demand growth in India
* Commercial startup expected by year-end 2025
ExxonMobil said today it is investing nearly INR 900 crore (USD $110 million) to build a lubricant manufacturing plant at the Maharashtra Industrial Development Corporation’s Isambe Industrial Area in Raigad. The company made the announcement in the presence of Deputy Chief Minister Devendra Fadnavis, Industry Minister Uday Samant and senior officials from Maharashtra.
Once operational, the plant will have the capacity to potentially manufacture 159,000 kiloliters of finished lubricants annually to meet growing domestic demand from industrial sectors such as manufacturing, steel, power, mining, and construction, as well as from passenger and commercial vehicle segments. It is expected to begin operations by the end of 2025.
“We are proud to deepen our longstanding commitment to India with our first greenfield investment. Maharashtra is amongst India’s largest manufacturing hubs and a natural choice for our lubricant plant thanks to its attractive investment environment,” said Monte Dobson, lead country manager for ExxonMobil affiliates in India.
In a significant boost to the “Make in India” initiative, the plant will source a larger part of the base stocks, additives, and all packaging locally. It is expected to create nearly 1,200 jobs during the construction phase.
“This is a step change towards bolstering our position as one of India’s leading providers of high-performance lubricants. Manufacturing locally will simplify our supply chain, enabling us to serve the needs of our Indian customers and consumers more readily. We are excited about our growing role in supporting the India growth story,” said Vipin Rana, CEO, ExxonMobil Lubricants Pvt. Ltd.
A global leader in lubrication technology, ExxonMobil’s extensive range of Mobil-branded engine oils, greases and lubricants has been advancing energy efficiency, productivity, and sustainability for India’s automotive and industrial sectors for decades. The company is also a major supplier of liquefied natural gas to India and its chemical products are widely used in Indian manufacturing.
About ExxonMobil in India
ExxonMobil has been powering India’s growth for three decades.
The Company brought the first supplies of liquefied natural gas (LNG) to India in the early 2000s and is now a major LNG supplier to the country, helping to advance its transition to a gas-based economy.
ExxonMobil’s cutting-edge product solutions such as Mobil lubricants are driving productivity and energy efficiency in India’s automotive and industrial sectors, helping individual consumers and businesses achieve more with less. The Company’s chemical products are enabling Indian manufacturers to make high-quality products and deliver sustainability benefits across sectors including food processing, consumer durables, agriculture, water treatment, pharmaceuticals, and construction.
ExxonMobil’s business and technology centers in Bengaluru provide critical support to the Company’s global operations. The technology centers help develop strategies to reduce global emissions and collaborate with homegrown manufacturers to enhance the global competitiveness of made-in-India products.
To learn more about ExxonMobil lubricants in India, visit https://www.mobil.co.in/en-in.
Exxon Mobil Corporation has numerous affiliates, many with names that include ExxonMobil, Exxon, Esso and Mobil. For convenience and simplicity, those terms and references to “corporation,” “company,” “ExxonMobil,” “EM,” and other similar terms are used for convenience and may refer to one or more specific affiliates or affiliate groups.
Post a Comment