INSEAD Day 4 - 728x90

EasyLease H1 profit $12.2m

Revenue rises on stronger operations.

FAB profit edges higher

Income growth supports steady earnings.

UAB H1 profit climbs

Income, lending drive first-half growth

Sanad posts record revenue

Growth driven by global demand for services.

Bank of Sharjah profit up 39%

Bank's total assets grow 10% to $14.4 billion.

India’s SGL opens plant in HFZA

Saud Salim Al Mazrouei (R), Director of the Hamriyah Free Zone Authority, visits SGL plant.
  • Automotive, industrial and construction lubricants and special greases for electric vehicles will be produced at the plant.
  • Named Trinity Lubes & Greases FZC, the facility has a production capacity of 48,000 liters annually in the initial stage.

Siddharth Grease and Lubes (SGL), an Indian manufacturer and supplier of lubricants, has opened its first plant in the Middle East in the inner port of Sharjah’s Hamriyah Free Zone Authority (HFZA).

The plant has been named as Trinity Lubes & Greases FZC and involves an investment of 50 million dirhams at the initial stage.

Built over an area of some 12,500 m², the plant is fitted with the latest state-of-the-art lubricant and grease-making equipment, imported from around the world, the company said.

“SGL choosing the UAE and HFZA, in particular, to construct its new plant in the region is yet another testament to the efficiency of the petrochemical industries sector in the zone,” said Saud Salim Al Mazrouei, Director of the Hamriyah Free Zone Authority.

Automotive, industrial and construction lubricants and special greases for electric vehicles will be produced at the plant that has a production capacity of 48,000 liters annually in the initial stage.