Lubricant products

HOGL engages in production and distribution of Honeywell branded lubricants. The Company had a franchise agreement with Exxon for the distribution of Esso branded products for a few years. With the merger with Mobil Oil, HOGL could no longer continue to sell Esso products and therefore had to commence blending in its own name. In the intervening period, many of the chemists and chemical engineers in HOGL attended many courses on modern blending technology and chemistry and became well versed in the science of lubricant blending.

"Honeywell Lubricants" have in its short period of existence received commendable acceptance in the market. Currently, available statistics indicate that Honeywell's brand of lubricants is one of the leading brands of lubricant consumed by industrial customers in Nigeria.

The products are divided into five main groups:

• Automotive Products
• Industrial Products
• Other Specialty Oils

The Company has established that there is a huge market for lubricants in Nigeria and the neighbouring African countries and is thus seeking to increase its production capacity. Therefore the Company plans to build or acquire a bigger and standard blending plant to increase its production capacity and hence revenue. The company is also seeking opportunity to acquire franchise of an international brand of lubricant to service its customers in areas of highly specialized operations with recommended OEM technical specifications.