Business Services Industry
CHINA: Construction plans for proposed $22,000,000 lubricating oil plant, NIPPON OIL CORP. [Japan] Order #: 116605.
WWP-Business Opportunities in Asia & the Pacific, November, 2005
PROJECT OVERVIEW:
Japan-based NIPPON OIL CORP. expects that Chinese demand for lubricating oil will continue growing in tandem with an expected rise in the production of automobiles and auto parts. As a result, the company is now gearing-up to build a new lubricating oil plant in the country.
Construction plans under consideration call for building a factory with an installed production capacity of 27,000 kiloliters per year (kl/y. The new facility, to be sited in the southern Chinese city of Guangzhou, is expected to cost about $22,000,000 to build.
Project completion is scheduled for September 2006.
NIPPON OIL, formerly know as NIPPON MITSUBISHI OIL CORP., employs a total staff of about 14,300. The company is involved in the...
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