(L to R) – Uday Samant, Maharashtra Industries Minister, Monte Dobson, Lead Country Manager, Affiliates, ExxonMobil India, Devendra F.Mumbai: ExxonMobil is investing close to Rs 900 crore ($110 million) to build a lubricants manufacturing plant at the Maharashtra Industrial Development Corporation’s Isambe Industrial Area in Raigad, the company said.
Once operational, the plant will have the capacity to potentially manufacture 159,000 kl of finished lubricants annually to meet growing domestic demand from industrial sectors such as manufacturing, steel, power, mining and construction, as well as segments of commercial and passenger vehicles. It is expected to be operational by the end of 2025.
“We are proud to deepen our longstanding commitment to India with our first greenfield investment. Maharashtra is among India’s largest manufacturing hubs and is a natural choice for our lubricants plant thanks to its attractive investment environment,” Monte Dobson, Principal Country Director of ExxonMobil subsidiaries in India said.
In a significant boost to the ‘Make in India’ initiative, the plant will locally source a larger portion of base stocks, additives and all packaging. Nearly 1,200 jobs are expected to be created during the construction phase.
“This is a step change towards strengthening our position as one of India’s leading high performance suppliers. lubricants Local manufacturing will simplify our supply chain, allowing us to serve the needs of our Indian customers and consumers more easily. We are excited about our growing role in supporting India’s growth story,” Vipin Rana, CEO, ExxonMobil Lubricants Pvt. Ltd, said.
ExxonMobil’s comprehensive range of Mobil brand oils, greases and motor lubricants, a global leader in lubrication technology, has been advancing energy efficiency, productivity and sustainability for the automotive industries for decades and industry in India. The company is also a major supplier of liquefied natural gas in India and its chemicals are widely used in Indian manufacturing.
