Pertamina to build lubricant plant overseas
Rangga D Fadillah, The Jakarta Post, Jakarta | Thu, 03/03/2011 6:27 PM
State oil and gas firm PT Pertamina announced Thursday that it planned to deploy a lubricant plant in an Asian country with a total investment of around US$35 million (Rp 308 billion).
The company’s product and business development manager, Andria Nusa, said Pertamina was currently conducting feasibility studies in Japan and China to determine the best place to construct the plant.
“Japan and China have recently become the sexiest markets in Asia. The people in the two countries have high purchasing power, demand a high quality of service and are quality oriented,” he told reporters after a seminar at the company’s office in Jakarta.
This year, Pertamina has committed to boost lubricant sales to 546,000 kiloliters or increase 20 percent from 458 kiloliters in 2010, he said. The company also planned to penetrate into other countries’ markets such as Saudi Arabia and Germany in 2011.
“We’re now studying the possibility of entering the markets of Saudi Arabia and European countries, such as Germany,” Andria reported.
He added that currently, Pertamina’s lubricants had been sold in 10 countries including Belgium, Pakistan, United Arab Emirates, Myanmar, Singapore, Taiwan, the Philippines and Australia.
