KUALA LUMPUR, April 30 2017 : Petronas Lubricants International (PLI), a subsidiary of Petronas, has invested 600 million renminbi (RM384 million) to expand its lubricant-blending plant in the Weifang Economic Development Zone in Shandong, China, to meet growing demand for premium lubricant products and high-quality services.
Petronas president and group chief executive officer Datuk Wan Zulkiflee Wan Ariffin said the second phase of the expansion added the much-needed production capacity that would help PLI meet the soaring demand for its products.
“Naturally, this will also infuse our marketing and sales operations with a major boost of new energy to pull away from the pack.
“This strategic expansion of our footprint in China reflects the great importance we attach to our local customers here, as well as our confidence in Petronas’ prospects for future growth in the Chinese market,” he said in a statement today.
He said the comprehensive expansion project, which was carried out in phases, saw the upgrade of the plant’s production capacity, production lines and storage facilities, bolstering the company’s ability to serve the booming Chinese market.
Wan Zulkiflee said in order to optimise services and offer customers a complete range of premium solutions, the plant’s footprint was expanded to 21,000 square metres to include an automated, hi-tech lubricant blending line, as well as additional storage tanks.
He said the plant’s annual output was expected to increase to 150,000 tonnes from 45,000 tonnes, covering a wide range of automotive lubricants, anti-freeze liquids, industrial lubricants and greases.
“The expansion also saw an upgrade of the plant’s warehouse facilities to enhance capabilities for storage, transportation, local distribution and overseas export,” he added. – Bernama