Valvoline to build its first lube blending plant in China
Valvoline Inc., based in Lexington, Ky., U.S.A., announced plans to build its first lube blending plant in China. With an expected investment of approximately USD 70 million (RMB 443 million), it will also represent Valvoline’s single largest lube blending plant investment worldwide.
“Capturing opportunities for volume and premium product growth in key international markets is an essential strategy for the company,” said Sam Mitchell, chief executive officer.
“This new plant is an investment in China and its rapidly growing demand for high-quality lubricants and coolants to meet the evolving needs of both passenger car and heavy-duty customers.”
Strategically located on approximately 20 acres (120 Mu) in Zhangjiagang, Jiangsu province, the new 80,000-square-meter plant is expected to begin production by the end of calendar 2020 with an annual production capacity in excess of 30 million gallons (115 million liters) of lubricants.
“This is very exciting news for our customers and partners in China,” said Craig Moughler, senior vice president, International and Product Supply. “This investment demonstrates our commitment to the growth and success of our distributors and OEM customers through a more efficient and effective local supply chain and faster-to-market new products and packaging.”
Valvoline Inc. (NYSE: VVV) is a leading worldwide marketer and supplier of premium branded lubricants and automotive services, with sales in more than 140 countries. Valvoline ranks as the No. 3 passenger car motor oil brand in the do-it-yourself (DIY) market by volume and the No. 2 quick-lube chain by number of stores in the United States. The company operates and franchises more than 1,100 Valvoline Instant Oil Change℠ centers in the United States.