PAKISTAN NEEDS TO REFORM POWER SECTOR TO MAKE LUBRICANT A MORE HIGH DEMAND MARKET.
Mian Zahid Hussain (MZH): I belong to Chiniot Shaikh family. I am a graduate and earned my degree from Karachi. I was born in Punjab in 1955. I have four sons by the grace of Allah. I deal in the manufacturing of lubricants and my factory is located at Korangi Industrial area, Karachi and I came into business when I was just 10 years of age. I remember after coming back from school I used to join with my father for taking care of our business matters and used to stay with him till night. I completed my education under these circumstances. I took charge of my business when I was about to complete my matriculation. This early age involvement into our business gave me a chance to earn experience of meeting different people and understanding different aspects of trade and business as well as society.
Due to my close association with the business community and fair knowledge in the field of Information Technology, I was appointed as the caretaker Minister and Advisor to Chief Minister Sindh for Information Technology Department, for the period March 30, 2013 till May 30, 2013.
President of Pakistan has awarded me with civil award of "Sitara-e-Imtiaz" on 14th August 2007, in the field of social, cultural, religious, educational, philanthropic, economic sectors including community services and maintenance of law and order. The Indus University, Karachi conferred me with the Honorary Ph.D degree in 2009, which was duly presented by the Honorable Governor of Sindh. Upon the recommendation of Citizen Police Liaison Committee (CPLC), I was made the Justice of Peace for Karachi Division from March, 2014 till 2016, by the Home Department, Government of Sindh.
I am also the chairman of Lubricants Business Society of Pakistan (LBSP) which is registered with Government of Pakistan under Societies Act, 1860. It is a platform for the lubricant industry liaisoning with government and non-government bodies, it is a non-profitable and commercial society with the objective to create awareness regarding quality of lubricants amongst general public and to work against the evil menace of spurious lubricants thereby safeguarding the public interest, Further, it also aims to improve the quality of lubricants in the country up to the International standards.
PAGE: TELL US ABOUT THE BEGINNING OF KENLUBES
MIAN ZAHID HUSSAIN (MZH): KenLubes is one of the leading Lubricating Oils manufacturing company producing the widest range of automotive and industrial lubricants for various applications and uses. The Blending Plant was installed in 1986 at Korangi Industrial Area, Karachi and then upgraded in 2004, to cater the growing and changing needs of the consumers. A state-of-the-art laboratory ensures the production of quality products to cater the ever-growing and changing needs of the consumers, our plants and facilities can be compared to any other reputed company in Pakistan.
KenLubes became the first ISO-9002 certified lubricants manufacturing company in Pakistan, and was also awarded American Quality Award twice in 1995 and 1996 respectively. Due to the high standards and strict quality control we also received the First FPCCI Achievement Award for 2012 in the category of Oil and Lubricants.
PAGE: HOW DO YOU SEE THE PERFORMANCE OF LUBRICANT INDUSTRY IN PAKISTAN AND WHERE DOES LUBRICANT SECTOR STAND
MIAN ZAHID HUSSAIN (MZH): The lubricant market, as in any part of the world, is extremely competitive. Pakistan is no exception and has an annual market of over 300,000 metric tons. Due to economic disparity, there is a large influx of low-quality, counterfeit products, which makes it difficult for the legal business to grow.
Pakistan is a very lucrative and vibrant market for lubricant producers as the consumption patterns have been on a steady high in the recent past -- especially because of the ever-growing number of vehicles and the massive demand of power generators in Pakistan.
The overall demand of lubricant products in Pakistan stands around 400,000 metric tons, only half of which is met through local legal production. The other half is inevitably filled through imports, smuggling and illegal resources. And the demand has been bit stagnant, making the market more competitive with every passing day.
Moreover, power sector is an important contributor towards the lubricant demand, other than the automobile industry. With the power sector reforms, the demand is expected to increase at a rapid pace going forwards, making more room for the other big players from around the world to increase and strengthen their presence in Pakistan's high demand market.
Not everything is rosy about the lubricant business though, as the local procurers often cite the high import tariffs and smuggling of lubes as two major loopholes in the system, which need to be addressed on priority basis, if the lubricant industry is to be strengthened.
PAGE: WOULD YOU LIKE TO SHARE THE MARKET RESPONSE
MIAN ZAHID HUSSAIN (MZH): The response from the market is very good and the lube market is expected to further improve in the days to come. The industry players are also optimistic about the future as lubricant business is considered a high margin business and often acts as the savior for refineries, who otherwise have very low profit margins on other products. In fact, having lube in the product arm is an advantage that others in the industry crave for. The industry demand is only seen going up in the coming few years, so it is good for the lube makers.
PAGE: WOULD YOU EXPLAIN THE ROLE OF LUBRICANTS IN PROTECTING THE VEHICLE ENGINES
MIAN ZAHID HUSSAIN (MZH): Timely maintenance and change of lubricating oil at the prescribed mileage or period is essential for the engine. Usage of recommended lubricants and greases provide superior performance and extended life to the machinery, prevents or reduces expensive equipment, failure, labor-intensive maintenance or downtime.
PAGE: Does KenLubes have RandD labs to develop new products
Mian Zahid Hussain (MZH): The company has a well-equipped, state-of-the-art laboratory for research and development and as well as for random quality inspections of its products at each and every stage of production. Raw materials are checked on arrival, during the process and finally each and every batch is checked and approved by laboratory before going to packaging.
PAGE: WHAT KINDS OF LUBRICANTS ARE PRODUCED AT KENLUBES
MIAN ZAHID HUSSAIN (MZH): KenLubes Lubricants are cost effective and provide superior performance and extended life to the machinery, prevents or reduces expensive equipment, failure, labor-intensive maintenance or downtime. We do manufacture following types of lubricants, which have acquired good share in the market over the decades of services.
KenLubes produces Hydraulic oil, Heat Transfer oil, Gear oils, Compressor oil, Turbine oil, Spindle oil, Refrigeration oil, Transformer oils, Open Gear Compound, Rubber Processing oil, Sugar Mill oil, Diesel Engine oil, Gas Engine oil, Industrial Grease, High Speed Grease and High Temperature Grease.
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|Publication:||Pakistan & Gulf Economist|
|Date:||Jun 7, 2015|
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