Status of lubricants held as inventory of Hi-Tech Lubricant Limited
Karachi, Hi-Tech Lubricant Limited informed Pakistan Stock Exchange that total stock in trade is Rs. 771,143,684 including Rs. 467,465,827 non-synthetic items and Rs. 303,677,857 Synthetic items.
Hi-Tec Lubricants is ISO 9001:2008 Certified Company. Hi-Tec Lubricants is a part of the MAS group of companies and has been marketing lubricants in Pakistan for the last 20 years. They have been hitherto focusing marketing efforts mainly in the retail markets and our performance in industrial sector has been satisfactory and their products are available in more than seventy-two stations in Pakistan through their network of distributors.
The lubricants they are marketing in Pakistan are manufactured by the world renowned M/s SK Corporation, South Korea. SK has the single largest Petrochemical Chemical Complex in the world, having the state art upstream and downstream manufacturing facilities. SK facilities and its products have the required ISO approval i.e. ISO 9002 and the coveted Environment Management System ISO 14001.
In the Lubricant Sector, SK enjoys a enviable position as it is the single largest producer for VHVI Base Oil. This base is used for SK producing Lubricants and is also exported to leading multinational lubricant blenders.
The symbol “HTL” is being used by the stock exchanges for the shares of Hi-Tech Lubricant Limited.