PetChem subsidiary BRB International opens new facility in Netherlands
10 Nov 2022
Petronas Chemicals Group Bhd’s (PetChem) wholly owned subsidiary BRB International has opened its new lube oil additives manufacturing facility at Echt, Netherlands.
In a statement on Thursday (Nov 10), PetChem said the facility is equipped with higher safety and quality standards and will serve as a lube oils additives and chemicals (LAC) hub for the global market.
PetChem managing director and chief executive officer Mohd Yusri Mohamed Yusof said BRB’s expansion is in line with PetChem’s strategy of diversifying into derivatives, specialty chemicals and solutions to meet the growing and changing customer demands in the region.
“As part of our growth plan for BRB, the opening of this facility marks a significant milestone towards strengthening BRB’s position as an innovative solutions provider,” said Mohd Yusri.
BRB’s chief executive officer Ralph Pinckaers added that the LAC unit has been continuously developing solutions for its customers in the automotive, industrial and original equipment manufacturers field for over 40 years.
“With this new facility, the LAC business will have more room for growth and potential development of new offerings. We are positive that this step will enhance BRB’s competitive edge in end markets,” said Pinckaers.
The Echt facility incorporates sustainable practices in BRB’s production of its drive line oil additives, Petrolad®, which uses lower energy consumption and reduces its overall carbon footprint in the making of its products.
This practice will contribute towards PetChem’s sustainability vision to achieve Net Zero Carbon Emissions by 2050.
PetChem closed up nine sen or 1.05% to RM8.64, giving it a market capitalisation of RM69.12 billion.
Source: The Edge Markets