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Avi-Oil , Balmer Lawrie and Nyco SA are eyeing on synthetic industrial lubricants market. New age product is increasingly replacing mineral oils especially in white goods and automotive sectors in Europe and North America. In, India only the refrigeration industry have completely shifted from CFC technology and use the synthetic lubricants. Avi-Oil is targeting sales of Rs 3 crore too Rs 5 crore in 2005-06. In the immediate future the company expects industrial lubricants division to be a major contributor to its business in the immediate future. The growth will multiply once the automotive industry catches up with the trend in the developed world. Avi-oil is still the only manufacturer of products like the indigenous production and supply of aviation lubricants to the defence and civil aviation sectors incorporated in 1993. 95% of the demand from the defence sector is being catered by the company. Nyco is a major player in the global synthetic lubricant business catering to demand from the defence and automotive segments having presence in over 65 countries.
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| Posted : 10/1/2005 |
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