Apar Industries to set up transformer oil manufacturing unit at Hamriyah Free Zone

Updated 20 November 2014
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Apar Industries to set up transformer oil manufacturing unit at Hamriyah Free Zone

Singapore-based Petroleum Specialties Pte. Ltd (PSPL), a fully-owned subsidiary of the world renowned Apar Industries Ltd., is tset up a manufacturing unit at Hamriyah Free Zone Authority (HFZA).
The group signed an agreement with Sheikh Khalid bin Abdullah bin Sultan Al-Qasimi, chairman of Hamriyah Free Zone Authority (HFZA), Sharjah Airport International Free Zone (SAIF ZONE) and the Sharjah Sea Ports and Customs Department.
Kushal N. Desai, managing director of Apar Industries represented the Apar Industries Ltd.
Saud Al-Mazrouei, director of HFZA & SAIF ZONE; Sanjay Abhyankar, senior vice president of Apar Industries and project manager for HFZA project; Shirish Patwardhan, executive director, Rchemie International FZC; Sanjit Ghate, director of operations, Rcheme International FZC and other top officials were present at the signing ceremony that took place at SAIF ZONE.
Apar Industries Ltd. is the largest manufacturer of transformer oil, white oils, rubber process oils and lubricants (industrial & automotive) in India. 
The GCC and Africa accounts for a significantly large portion of Apar’s export revenues. 
The group has a $850 million diversified company offering value-added products and services in power transmission conductors, petroleum specialties and power cables.
The group accounts for about 50 percent of the Indian transformer oils market and about 22 percent of its aluminum conductor market. 
 “Our goal to create a robust business environment by meeting the needs and demands of our investors,” Saud Salim Al-Mazrouei said, while welcoming the 4th largest manufacturer of  transformer oils in the world to HFZA.
“We are keen to set up a manufacturing unit at HFZA, which can cater to the African/MENA market and help in expanding our reach to the  CIS countries,” said Kushal Desai, managing director of Apar Industries.
“We will set up this manufacturing facility through our Singapore-based subsidiary Petroleum Specialties Pte Ltd,” he added. 
When asked about the investment, he said: “The project is huge and still on the drawing board. Once detailed engineering is done we will be able to furnish further information about the project cost, working capital, etc.”
Abhyankar said: “HFZA has extended extensive support to us and PSPL has been awarded 30,000 square meters of land in HFZA to develop the facility and we plan to complete the project by December 2015."
He said: "“We are moving to HFZA due to its strategic location and as per the recommendation of our business associates Rchemie International FZC that already has a base in HFZA."
While evaluating their current market presence in the MENA/Africa region, Abhyankar said that Apar Industries Ltd. has decent market and sales in Africa, including MENA, and PSPL has strengthened the business of its customers through proactive product development.
“Currently, Apar Industries, which is listed on the Bombay Stock Exchange (BSE), exports specialty oils to more than 70 countries,” Abhyankar said.
Hamriyah Free Zone houses 6,000 companies from across 155 nations, welcoming foreign investment from more than 500 industries in the key sectors of oil and gas, petrochemicals, maritime, steel, construction, and food.


Paris Air Show: After Boeing showstopper, Airbus seeks order bounce

Updated 19 June 2019
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Paris Air Show: After Boeing showstopper, Airbus seeks order bounce

  • British Airways owner IAG signs letter of intent to buy 200 of its 737 MAX jets
  • Airbus is looking for up to 200 orders for the A321XLR, which is designed to open up new routes

PARIS: Airbus, reeling from the potential loss of a major customer for its best-selling A320neo as British Airways owner IAG placed a lifeline order for the grounded 737 MAX, prepared to hit back with more orders for its A321XLR on Wednesday.
The planemaker has been negotiating with US airlines investor Bill Franke whose Indigo Partners has also been known to place orders for multiple airlines within its portfolio and could reel it in for the Paris Air Show, industry sources said.
Airbus declined to comment.
After weathering intense scrutiny over safety and its public image, Boeing won a vote of confidence on Tuesday as IAG signed a letter of intent to buy 200 of its 737 MAX jets that have been grounded since March after two deadly crashes.
The surprise order lifted the energy of a previously subdued Paris Airshow, where the talk had been of the possible end of the aerospace cycle, given the issues at both Boeing and Airbus as well as geopolitical and trade tensions around the world.
Australia’s Qantas Airways said on Tuesday it would order 10 Airbus new A321XLR jets and convert a further 26 from existing orders already on the Airbus books.
Airbus is also in talks with leasing company GECAS and has been trying to secure an eye-catching order for the A321XLR from American Airlines, though the world’s largest carrier does not typically make announcements at air shows.
Airbus is looking for up to 200 orders for the A321XLR, which is designed to open up new routes.