ExxonMobil to build new lubricant manufacturing plant in Raigad
By RACE Innovations Pvt Ltd - 9th June 2023
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Left to right: Industry Minister of Maharashtra Uday Samant, India LCM Monte Dobson, Deputy Chief Minister of Maharashtra Devendra Fadnavis and ExxonMobil Lubricants Pvt. Ltd CEO Vipin Rana.
India / USA - ExxonMobil Company India Pvt. Ltd. of Bengaluru, Karnataka, India, a subsidiary of Irving, Texas, USA-based ExxonMobil Corporation, is investing approximately USD110 million to build a lubricant manufacturing plant at the Maharashtra Industrial Development Corporation’s facility in the Isambe Industrial Area of Raigad, Maharashtra. It is expected to begin operations by the end of 2025.
The plant is to have the capacity to manufacture 159 million litres of finished lubricants annually to meet growing domestic demand from industrial sectors such as manufacturing, steel, power, mining, and construction, as well as from passenger and commercial vehicle segments.
