Toll blenders to supply Sinopec lubes in Singapore
China Petroleum & Chemical Corp. (Sinopec), announced on June 6 that it is tying up with Singapores ItalSing and AP Oil to produce its brand name lubricants for the Asia-Pacific markets. This will be Sinopecs first move to manufacture lubricants outside of China. In the first production phase, the two firms will manufacture 5,000 to 7,000 tons of lubricants for export to Asia-Pacific on behalf of Sinopec Lubricant Company. If we simply compare the cost of manufacturing in Singapore and in China, Singapore’s is definitely higher, said Liu Qing Hua, vice-chief engineer of Sinopec Lubricant. But by doing this, we shrink the distance between us and the market, lower logistic costs and improve the service to our customers, he said. Sinopec Lubricant Chief Executive Song YunChang said Sinopec wants to use Singapore as a base to market products, because of Singapores strategic location and efficient infrastructure. (June 7, 2007)