Petroleum Specialties Pte. Ltd., the Singapore-based specialised oil trading subsidiary of diversified conglomerate Apar Industries Limited, has opened a new manufacturing operation in Sharjah’s Hamriyah Free Zone. The group’s first fully-owned factory outside of India, the new US$18 million (AED 66m) Petroleum Specialities (FZE) unit will manufacture industrial white oils. The term ‘Industrial white oils’ typically refers to pure petroleum oils used in industrial applications, processing and manufacturing.
The fully-automated 30,000 square metre plant is located in close proximity to Sharjah city’s Hamriyah Port and the port’s main jetty. The new Petroleum Specialties unit has a developed area of 10,000 sqm. and its own 1.4 kilometre jetty pipeline.
With a turnover of about US$850 million (AED 3.1b), Apar Industries provides a variety of value added products and services in power transmission conductors, petroleum specialties and power cables. The group is India’s largest manufacturer of transformer oil, white oils, rubber process oils and lubricants, both industrial and automotive.
The Mumbai-headquartered Apar leads the Indian transformer oils market with about 50 percent marketshare and accounts for about 22 percent of India’s aluminium conductor market. GCC and African markets account for a large percentage of the group’s exports.
Hamriyah Free Zone houses over 6,500 companies from 157 countries, and has dedicated zones for Oil and Gas, and Petrochemicals to encourage investment from the sector. The 14 metre deep water Hamriyah Port and 7 metre deep inner harbour, plus its strategic geographic location, has made Hamriyah Free Zone popular with petrochemical manufacturers, traders and logistics firms. Petrochemical trading and logistic companies have announced new projects adding some 500,000 cubic metres of liquid storage terminal capacity at the free zone over the past 2-3 years.