$100M Lubricant Deal: HPCL Enters US Market

HPCL’s premium HP SHOX OIL DC was selected by Duroshox for solar panel dampers in San Antonio, Texas

HPCL global expansion
by TDG Network - October 8, 2024, 11:16 pm

Hindustan Petroleum Corporation Limited (HPCL) has made a major leap by exporting its premium HP LUBRICANTS to the United States, marking its 30th country in global operations. The first shipment of HP SHOX OIL DC, a specialized shock absorber oil, will be used by Duroshox, a prominent manufacturer of motion control and damping solutions, for solar panel dampers in San Antonio, Texas. This achievement highlights HPCL’s global expansion, particularly in the US, the world’s largest lubricant market. CH Srinivas, ED-Lubes at HPCL, expressed pride in this milestone and their future growth prospects.

A flag-off ceremony was held at Mazgaon Terminal to commemorate this achievement, and the shipment was dispatched from Nhava Sheva Port in Mumbai. This success signals HPCL’s ambitions to deepen its global footprint in the lubricant industry, especially in markets like the US, which offer significant potential for business growth.

HPCL’s entry into the highly competitive US lubricant market speaks volumes about its increasing international capabilities. The company’s ability to meet the stringent quality demands of an advanced market like the US further solidifies its reputation on the global stage. Srinivas stated, “We are proud to have made inroads into the US market, and we look forward to exploring further opportunities for growth and collaboration.” This development also underlines the rising demand for HPCL’s premium products, driven by their high performance and reliability.

Duroshox, based in Texas, is recognized for its expertise in vibration isolation and damping technologies, making them an ideal partner for HPCL’s expansion into the industrial lubricant segment. This collaboration opens doors for further innovations and partnerships in the rapidly evolving sectors of clean energy and motion control systems.

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HPCL’s success with HP SHOX OIL DC is not only a significant business milestone but also a testament to the increasing global demand for quality lubricants that meet both industrial and environmental standards. As the company continues to push its boundaries and strengthen its international presence, this achievement marks just the beginning of their potential growth in international markets like the United States.