GS Caltex completes construction of global lubricant distribution center

GS Caltex has completed construction of a global logistics center, which will serve as a base to expand its lubricant exports, in Incheon, South Korea. The distribution center was built on a 1,985 square-meter site. The center has an export container shipping base that can load up to 20,000 drums (four million liters) of lubricant products. The company plans to secure more container carriers within the year that will allow it to handle up to 100 containers a day. By constructing the logistics center in Incheon, GS Caltex can now store up to 52,000 drums of lubricants in the newly-constructed center and the existing storage facility in Incheon. The company plans to boost its lube exports from the current 30% to 50% by 2014. Its lubricating base oil business is said to have grown by more than 30% annually since 2007. The company now has the capacity to produce up to 26,000 barrels of lubricating base oil. (March 22, 2012)