LANKA IOC signs agreement with CEB for supply of SERVO lubricants | Daily News


 

LANKA IOC signs agreement with CEB for supply of SERVO lubricants

LIOC, Managing Director, Manoj Gupta (4th from Right) along with CEB, Chairman Vijitha Herath (5th from Right) and senior officials of CEB & LIOC during the agreement signing
LIOC, Managing Director, Manoj Gupta (4th from Right) along with CEB, Chairman Vijitha Herath (5th from Right) and senior officials of CEB & LIOC during the agreement signing

LANKA IOC, Sri Lanka’s No. 1 listed energy company secured the business of Ceylon Electricity Board, for supply of SERVO – World Class Lubricants to Sapugaskanda plant. This business was secured thru competetive bidding by LANKA IOC for the first time. CEB, has got immensely benefited due to procurement thru competitive bidding.

LANKA IOC, manufactures automotive, industrial & marine SERVO lubricants at its state of art plant in Trincomalee.

In a statement released, the company affirmed its commitment to the development and economy of Sri Lanka. The entire ranges of SERVO Lubricants are locally manufactured, thus saving precious foreign exchange on Imports. Company has been always at the fore front to offer best quality lubricants at competetive prices.As per directives of the newly elected government, company instantly passed on the tax benefits on account of VAT, NBT to its esteem customers. Besides this, LANKA IOC will be the only company to set up Grease manufacturing plant in Sri Lanka.

In terms of market share in lubricant segment, SERVO is currently at No. 2 position in Sri Lanka and this new business is a major step towards being a market leader. For decades SERVO has been in the forefront of introducing technologically advanced products. SERVO has also made inroads into the highly competitive global markets. Today, it has established its footprint in more than 30 global destinations.


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