Hi-Tech Lubricants Limited (HTL) has officially started local blending of advanced synthetic lubricants under the popular brand name ZIC in its subsidiary Hi-Tech Blending (Pvt.) Ltd. In Lahore as of November 27. This achievement marks the activation of the strategic partnership between HTL and SK Enmove Co. Ltd. (SKEN) of South Korea, a leading company in the global lubricants market.
The collaboration, which was formalized through a Memorandum of Understanding (MoU) in June 2024, aims to shift HTL from importing fully blended ZIC lubricants to producing them locally. It was a memorandum of understanding To supply additives, ingredients and formulas for blending and packaging of advanced synthetic lubricants.
This initiative is expected to significantly reduce costs by avoiding duties and taxes associated with imported end products, thus enabling HTL to offer more competitive prices in the price-sensitive lubricants market of Pakistan.
According to the company’s official statement, locally produced ZIC lubricants will maintain the same international standards of quality and performance, thanks to the supply of important additives and formulations from SKEN.
This is in line with SKEN’s broader strategy to enhance fuel efficiency and reduce energy consumption through premium lubrication products.
By localizing production, HTL aims to not only strengthen its market presence in Pakistan but also position itself as a potential exporter of ZIC lubricants to the regional markets.
In addition, this move comes at a time when demand for synthetic lubricants is increasing, driven by their superior performance and efficiency compared to conventional oils. HTL’s ability to produce these products locally puts it in a favorable position to meet this growing demand while improving profit margins.
Hi-Tech Lubricants Limited is a public company listed on the Pakistan Stock Exchange (PSX) and is a major player in the lubricants industry in the country. The company is known for its extensive distribution network and commitment to providing automotive and industrial lubricants.
SK Enmove, formerly known as SK Lubricants, is a leader in the Korean lubricants market with a strong focus on innovation and energy efficiency. The company has established a global footprint through strategic partnerships and joint ventures, making it a trusted supplier of premium lubricating products worldwide.
With the commencement of local blending, HTL is poised to leverage this partnership to enhance its competitiveness in the market and contribute to the growth of the automotive and industrial sectors in Pakistan.