GS Caltex celebrates 10th Anniversary in India
Informs Rajesh Nagar, MD & CEO of GS Caltex India, “Caltex as a brand has also been very strong among OEMs not only in India but also at a global level. This has helped GS Caltex India to forge relationships with some of the leading global OEMs from the initial days itself. The Indian lubricant market is one of the most competitive and toughest markets in the world. For a relatively young company like ours, we have managed to make our place in the Indian lubricant industry on the strength of our superior technology and products. In fact, GS Caltex India may be the only company in India to manufacture high quality premium lubricants using only group II plus/group 3 base oils imported from its own refinery.”
GS Caltex, headquartered in Seoul, South Korea, is a leader in the petroleum, lubricant and petrochemical businesses. It was founded in 1967 as a 50-50 joint venture between Chevron Corporation, USA, and GS Energy, South Korea. It operates the fourth largest refinery in the world at 790,000 barrels per day and is the largest producer of aromatics products globally. The company is a major exporter of petroleum products, including lubricants. Building on its competitiveness, the company decided to venture into large markets like India, Russia, China and many other countries.
Commenting on the current economic scenario in India and the impact on the company’s growth plans, Nagar says, “The Indian economy is facing extremely challenging times in sustaining its growth momentum. The automotive and allied industry is going through a major transition due to the upcoming emission norms BSVI which will come into effect from 1st April 2020 and the transition from combustion fuels to EVs, respectively. However, the Finance Minister and the Minister for Road Transport and Highways have both underlined infrastructure development as a core area for investment. The Government plans to invest `100 lakh crore (USD 1.45 trillion) for infrastructure development in the next 5 years, which will give an impetus to developments in energy, roads, urban areas, and railways and other sectors. This augurs well for the Indian economy, so we are extremely bullish about economic recovery in the near term.”
Research and Development is the core strength of GS Caltex in developing product competitiveness for lubricants and polymers. The company’s R&D facility located near Seoul in South Korea has developed many award-winning lubricants to forge partnerships with major global OEMs. At the recently held EXCON 2019 in Bangalore, GS Caltex India showcased its futuristic portfolio meeting BSVI standards, which includes BS VI Compatible Engine Oils Kixx HDX Euro CK-4 15W-40, extra-long life high performance hydraulic oil Kixx HVL range and high performance fully synthetic gear oil Kixx GearSyn GL-5 75W-90.
“Our future-ready product portfolio is a major dimension of our growth strategy. We have also recently launched our polymer product portfolio in India,” says Nagar and informs that GS Caltex India has been identified as a major subsidiary in the global GS Caltex network and tasked to foray into the African markets. “With these new launches and expansion of our sales network, we believe that GS Caltex will become a major player in the Indian and African markets. In the coming decade, GS Caltex India will continue to invest in new technologies and develop more superior products with the objective of adding value to our customers and stakeholders,” adds Nagar.
Published on:
03 February 2020
Published in: NBM&CW February 2020
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