Valvoline, one of the leading companies in the field of premium lubricants and automotive services has announced that it would be investing in the establishment of its first factory in China. The company would be making an investment to the tune of about USD 70 million. When fully operational, the new factory will be Valvoline’s single-largest blending facility on a global basis.
Commenting on the new plant, Sam Mitchell, CEO said that it is the company’s strategy to capitalize on for volume and premium product growth in key international markets . With the investment in the new plant in China, Valvoline would be able to the growing demand for high-quality lubricants and coolants in order to meet needs of both passenger car and heavy-duty customers.
The plant would be built on a site spanning 20 acres in Zhangjiagang within the Jiangsu province and would cover 80,000-square-meters. It is expected that the factory would become operational by the end of 2020 and would have an annual production capacity that would exceed 30 million gallons (115 million liters) of lubricants.
Craig Moughler, Valvoline’s senior vice president of International and Product Supply said that the news about the establishment of the new plant would be very exciting for Valvoline’s customers and partners in China.
He concluded, “This investment demonstrates our commitment to the growth and success of our distributors and OEM customers through a more efficient and effective local supply chain and faster-to-market new products and packaging.”
Hamid Moaref has always been fascinated by cars and the automotive industry. His family has a longstanding association with the industry and has been in the tire business for the past 35 years. Raised in Dubai, Hamid attended Capilano University in Vancouver where he graduated with a BBA in marketing before attending an intensive course in magazine publishing in 2005. He has been the publisher and chief editor of Tires & Parts magazine for the past ten years.
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