IRPC's major customers include oil retailers, lube distributors and Original Equipment Manufacturers (OEMs) while the company's lube blending plant in Prapadaeng, Samut Prakan province, currently boasts a capacity of 30 million litres/year which is not sufficient.
As such, the company has invested 217 million THB in its Lube Blending Business Improvement project with the construction period of one year.
The company will be capable of efficiently serving the lube market. Thai economy in the second half of the year has a tendency to outgrow that of the first half of the year, especially in terms of domestic consumption and investment. In addition, the driving force from the government will play an important role in expanding the country's Gross Domestic Product (GDP) to 2 – 2.5%.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.