ExxonMobil is spending close to INR 900 crore (USD $110 million) to construct a lubricant production facility at the Isambe Industrial Area of the Maharashtra Industrial Development Corporation in Raigad. In front of Devendra Fadnavis, the deputy chief minister, Uday Samant, the industry minister, and other top Maharashtrian authorities, the business made the news.
Once it is up and running, the facility may be able to produce 159,000 kiloliters of finished lubricants annually, which would help to meet the rising domestic demand from industries like manufacturing, steel, power, mining, and construction as well as from the passenger and commercial vehicle segments. By the end of 2025, it is anticipated to start operating.
“With our first greenfield investment, we are happy to strengthen our long-standing commitment to India. One of India’s major manufacturing centres is Maharashtra. due to its favourable investment climate, and a natural choice for our lubricant plant,” said Monte Dobson, lead country manager for ExxonMobil affiliates in India.
The factory would purchase all basic stocks, additives, and packaging locally, giving the “Make in India” campaign a considerable boost. During the construction stage, about 1,200 jobs are anticipated to be created.
“This is a significant step in strengthening our position as a top supplier of high-performance lubricants in India. Local production will streamline our supply chain, allowing us to better meet the needs of our Indian clients and consumers, according to ExxonMobil Lubricants Pvt. Ltd. CEO Vipin Rana.
ExxonMobil, a leader in lubrication technology, offers a wide selection of Mobil-branded engine oils, greases, and other lubricants. Lubricants have improved India’s automotive and industrial sectors’ energy efficiency, productivity, and sustainability for decades. The corporation also provides a significant amount of liquefied natural gas to India, and many Indian manufacturers employ its chemical products.
