Lake Oil launches lubricant producing plant in Dar, Tanzania

Lake Oil Group has launched its lubricant production plant in Dar es Salaam, Tanzania – a move aimed at tapping into a growing and lucrative market.

Speaking during the plant launch, the Executive Director of Lake Oil Group, Mr Ally Awadhi, said the plant has a capacity to produce more than half of lubricant demand in the market.

He said the plant employed 35 local and foreign employees and it is expecting to employ about 250 employees in the future with priority on local residents.

The lubricant plant is set to produce quality products that meet local and international standards, according to the Lake Oil Executive Director.

Awadhi also added that they would work together with all government institutions responsible for lubricants business to make sure the industry maintains production of quality products that will promote the country in international markets.

“Lake Lubes industry had cost 4.5 million US dollars where 2.0 million US dollars came from our accounts and the rest 2.5 million US dollars is a bank loan,” he disclosed about the investment.

The Minister of Industry, Trade and Investment, Mr Charles Mwijage, assured that the government would continue to ensure a conducive environment to allow investors to operate in the country.