The foundation stone of Rs 300 million lube oil blending plant of MAL Pakistan Ltd (formerly Askari Lubricants Ltd) was laid at National Industrial Parks (NIP) in Korangi industrial area.
Speaking on the occasion, Managing Director, Army Welfare Trust (AWT) Lt-Gen Imtiaz Hussain (retd), who laid the foundation stone, said that AWT was proud to have a company like MAL Pakistan Ltd in its fold. MAL Pak produces superior quality lubricants and they have fantastic future, he added.
"This is yet another feather in the cap of MAL Pakistan which is a very important part of the AWT, a leading conglomerate, which manages a group of diversified businesses, companies, primarily in the industrial sector", he noted. Later, talking to media, he said that AWT, having assets of Rs 30 billion, gives its 100 percent profit to Pakistan Army for undertaking welfare projects for the widows and children of army martyrs and injured. He said AWT was presently focussing on existing business, specially banking and cement sector. We have no plan for any expansion or new projects, he added.
CEO of MAL Pakistan, Khawar Jamal said that the first phase of the plant would cost Rs 150 million while the second phase at a cost of Rs 150 million. Upon completion, this plant will have a production capacity of 33 million litres of lubricants per annum.
He said this facility would also have a laboratory, logistics centre and a modern training centre where the company engineers will provide training and technical seminars to the maintenance engineers employed in various industries.
With support form ExxonMobil, the industry will have the access to the latest products and training material that will provide direct benefits to the industry, he added. Jamal emphasised that the Company remains fully committed to supplying high-quality products and services to its customers in the Pakistani marketplace.
He pointed out that MAL Pakistan Ltd being the exclusive marketer of world renowned Mobil and Esso branded flagship and synthetic products in Pakistan has a strong and well established presence in the local market since last 15 years. MAL Pakistan is the exclusive marketer of Mobil brand in Pakistan. Its premium products in the automotive and industrial sector are well known for their superior quality and performance.-PR
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