"The expansion of ExxonMobil's Jurong lubricant plant is a good example of companies taking advantage of Singapore as a strategic base to capture growth opportunities in Asia," Yeoh said. "The synthetic lubricants and grease plants underscore Singapore's emphasis on higher value-added manufacturing activities as we continue growing the chemicals sector in a competitive and sustainable manner."

"These new production facilities demonstrate the company's commitment to long-term investments here in Singapore," said ExxonMobil Asia Pacific CMD Gan Seow Kee. "The expansion of our Jurong lubricant plant both strengthens ExxonMobil's integrated manufacturing base and helps improve the competitiveness of our business and the industry in Singapore."

"India's economy continues to grow with significant opportunities across industries. One of the biggest market opportunities is within the automotive sector fueled by the growing middle class consumer segment who look for high quality lubricant solutions for their vehicles. Other industries such as general manufacturing also stand to benefit from increased product demand. The proximity of the new synthetic lubricants and grease plants in Singapore offer our customers in India an enhanced value chain with reliable supply and more efficient delivery," Deepankar Banerjee, Chief Executive Officer, ExxonMobil Lubricants Pvt Ltd.

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