UMW Grantt International Sdn Bhd (UMWG) is targeting sales growth of up to RM100 million over the next five years for the newly-improved range of GRANTT lubricants.
UMW Engineering and Manufacturing Executive Director, Megat Shahrul Azmir, said the target was expected to be achieved through several phases of penetrating the South-Eeast Asia and Asia-Pacific markets.
“We are targeting Indonesia, Myanmar, Laos and Cambodia in our first phase of developing an export industry for the product.
“The GRANTT lubricants have been in the market since 2012 but only now they are upgraded to a premium product for the company.
“Based on our experience in producing lubricants for 80 years, we are not strangers in delivering the best quality to our consumers,” he told reporters here today.
Megat Shahrul said the GRANTT CMO Stellar lubricant was also recognised by American Petroleum Institute and European Automobile Manufacturers Association.
“We are also capable of producing 50 million litres per year for all types of lubricating oil and we are confident that we can deliver what the market needs,” he said.
The GRANTT lubricant range includes Passenger Car Motor Oil, Motorcycle Oil, Diesel Engine Oil, Auto Transmission Fluid and Industrial Oil which comes in three variants – fully synthetic, synthetic blend and mineral premium.