Bursa Alert
Global Market
NewsQuantum: Lubricant plant can save import bill
Page 1 of 1
Quantum: Lubricant plant can save import bill
by hlk Fri 23 Dec 2011, 21:10
Quantum Petroleum (M) Sdn Bhd says it can help reduce Malaysia's import bill by at least RM15 billion annually following the
launch of its pilot lubricant plant in Pulau Indah in Klang, Selangor.
Chief executive officer Dr Ralph Micheal said the patented technology used by the plant was transferred from Australia to Malaysia because of the country's good infrastructure and large transportation network of 16 million land vehicles.
The price of the company's lubricant oil, which is blended with virgin base oils, would be lower compared with existing ones in the market, he told a press conference in Klang today.
Quantum Petroleum chairman Datuk Husainay Hashim said: "Quantum Petroleum has been getting many enquiries for franchising from various countries like Yemen, Bahrain and other countries in Asia regarding this plant and its one-of-a-kind technology."
On the company's expansion plan, he said Quantum Petroleum was in talks with Felda and the Cooperative Commission for a potential tie-up.
"Other than that, we are trying to convince Proton service centres to use our lubricant oil," he said.
The fully automated lubricant oil plant is the first in the world and is capable of producing 20 million litres of oil, in bulk, monthly. -- BERNAMA
launch of its pilot lubricant plant in Pulau Indah in Klang, Selangor.
Chief executive officer Dr Ralph Micheal said the patented technology used by the plant was transferred from Australia to Malaysia because of the country's good infrastructure and large transportation network of 16 million land vehicles.
The price of the company's lubricant oil, which is blended with virgin base oils, would be lower compared with existing ones in the market, he told a press conference in Klang today.
Quantum Petroleum chairman Datuk Husainay Hashim said: "Quantum Petroleum has been getting many enquiries for franchising from various countries like Yemen, Bahrain and other countries in Asia regarding this plant and its one-of-a-kind technology."
On the company's expansion plan, he said Quantum Petroleum was in talks with Felda and the Cooperative Commission for a potential tie-up.
"Other than that, we are trying to convince Proton service centres to use our lubricant oil," he said.
The fully automated lubricant oil plant is the first in the world and is capable of producing 20 million litres of oil, in bulk, monthly. -- BERNAMA
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Similar topics» Petronas picks Hamilton as brand ambassador for lubricant products
» June 3rd - Stocks To Watch Sime Darby, Scope, Masteel, Litrak, Petron, MNRB, Guan Chong, BLD Plant, TH Plant
» Japan halts import of plywood
» Samsung LED seeks US import ban on Osram products
» Hai-O 3Q net profit down 33.5% on lower sales, higher import cost
» June 3rd - Stocks To Watch Sime Darby, Scope, Masteel, Litrak, Petron, MNRB, Guan Chong, BLD Plant, TH Plant
» Japan halts import of plywood
» Samsung LED seeks US import ban on Osram products
» Hai-O 3Q net profit down 33.5% on lower sales, higher import cost
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|