Speaking speaking at a press conference in Chenai yesterday, after announcing the launch of its limited edition of new products, Sanjay Hinduja, Chairman of Gulf Oil International, said: "The southern market currently contributes about 30 percent to our total business and hence we have decided to set up a plant in the region".
What is more, Gulf Oil is looking for a location in coastal areas of around 30-acres land, as the raw material comes from overseas locations. The official said the new facility will have a capacity of around 70,000 tonnes. Gulf Oil is also contemplating on de-bottlenecking its existing unit at Silvasa in the Union Territory of Dadra and Nagar Haveli to add another 20,000-25,000 tonnes from the existing capacity of about 75,000 tonnes a year. Ravi Chawla, President and CEO (Lubricant Business), Gulf Oil added that the the new facility would be ready in the next 18-34 months. For a full report, visit http://automotivehorizon.sulekha.com/