The newly minted firm Idemitsu Lube Vietnam has a total chartered capital sum of $31.7 million to produce engine oil for motorcycles and automobiles, general industrial lubricants and related products in Haiphong’s Dinh Vu-Cat Hai Economic Zone.
General director Ryuji Kusaka of Idemitsu Lube Vietnam told VIR that its lubricant blending facilities would cover 60,000 square metres with a manufacturing capacity of approximately 35 million litres of lubricants a year. He added that the facilities use environmentally friendly technology and 40 per He added that the facilities use environmentally friendly technology and 40 per cent of its products would be exported overseas. Under its investment certificate, it’s permitted to operate for 46 years.