Indonesia Synthetic Lubricant Market
About this product:
The lubricant industry in Indonesia has experienced tremendous growth for the last four years following the investment liberalization policy of 2001. Many foreign companies set up blending and manufacturing facilities in order to effectively supply the growing demand for lubricants from the industrial and transportation sectors. In addition to locally produced lubricants, imported synthetic lubricants are also widely available in Indonesia. Companies with an import license are allowed to import synthetic lubricants with only a 5 percent import duty.