Hi-Tech Lubricants wholly-subsidiary to enter new business venture for external customers

April 13, 2021 (MLN): The Executive Management of Hi-Tech Lubricants Limited (HTL) has decided to enter new business opportunities in the plastic packaging industry by venturing into the production of plastic products for external customers and third parties.

This business will be pursued through the existing Plant Site of Hi-Tech Blending (Pvt.) Ltd. (HTBL), a wholly-owned subsidiary of HTL.

According to the notice issued to Exchange, HTBL has been producing bottles for its own needs since 2016 for both its locally blended and locally filled products. Having attained substantial experience in extrusion blow molding and injection molding, the Company has been exploring the provision of similar plastic packaging to outside customers for some time. In addition, the Company itself has been approached by potential customers to provide various types of plastic bottles.

For the above purposes, the processes for import and installation of requisite machinery in the Extrusion Blow Molding Machine & Feeding Recycling System section of the Plant Site of HTBL have been initiated for the production of various quality products for external customers/local third parties, which machinery and products include but may not be limited to the following;

(1) Import and installation of 06/04 Head Double Station Machine for bottles of different types/sizes from 50 ml to 1000 ml for Fast Moving Consumer Products e.g. Shampoos & Cleaners, Pharmaceuticals, etc.

(2) Import and installation of Multi-Layer 2 head Double Station Machine for Oxygen Sensitive Products/Bottles for Food, Dairy, Pharmaceuticals and Pesticides, etc.

(3) Import and installation of Injection Molding Machine for (i) Caps (for different bottles), (ii) Buckets (for Paint, Chemical & Dairy products, etc.) and (iii) Auto Parts (for Bike & Cars, etc.).

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