UAE firm forms JV for German Mirror lubricants

    UAE firm forms JV for German Mirror lubricants
    The United Arab Emirates-based lubricant maker, German Mirror Lubricants and Greases has recently launched its mirror oil brands in India at a modest investment worth Rs. 35 crore. The company will initially evaluate its performance in India and then make more investment to build a local manufacturing facility, marketing and sales Manager, Asia Pacific and Africa, German Mirror, Kiran Hebbalkar, said, adding that the company is also exploring a plan to set up a lubricant oil blending plant in the country. As of now Germany Mirror has tied up with Mumbai-based AN Corp to import and distribute Mirror Oil in India from UAE but now it will be distribute the Mirror Oils through A N Corp, a part of Mumbai based R S Jhaveri Group which specializes in steel imports. Once the volume reaches a certain scale of over 1500 kilolitres a month, both German Mirror Lubricants and Greases and A. N. Corp may convert the tie-up into a manufacturing and distribution joint venture, he added.
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