INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

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.