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Ministry of Industry encourages investment in lubricant industry

13 March 2020 08:22

JAKARTA - The Ministry of Industry continues to encourage increased investment in the lubricant industry sector to meet the needs of the domestic market to exports. In addition to supplying demand for the automotive sector, if later the production capacity is boosted, the lubricant industry is also expected to fill opportunities to support the manufacturing sector.

"Whether it's a new investment or an expansion, we will encourage domestic lubricant producers to spur production for the industry," said the Director General of the Chemical, Pharmaceutical and Textile Industries (IKFT) of the Ministry of Industry, Muhammad Khayam after the Groundbreaking of Shell Lubricant Factory in Bekasi , West Java, Thursday (12/3).

Therefore, the Ministry of Industry is trying to increase the utility of the domestic lubricant industry, which currently has an installed capacity of 2.04 million kilo liters (KL) per year. While domestic needs for lubricants reach 1.14 million KL per year. "Lubricants produced in the country amounted to 908,360 KL. For automotive needs, almost 781 thousand KL, while industrial lubricants is around 127 thousand KL per year "added Khayam.

At present, there are 44 companies producing lubricants in the country, with a workforce of 3,157 people. In addition, workforce from 140 importing companies and 580 lubricant distributor companies, the total workforce in the sector reached 4,898 people. (LM)

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