Lubricants Manufacturer Smells Success
Monday, November 16, 2015
Faiyaz Sardar
Global Lubricants manufactures industrial and automotive lubricants using bases of crude oil and additive technologies.
Speaking during a tour of the company at the Somerset Industrial site last Wednesday, Sardar highlighted that the company has a plan to inject an additional P30 million to expand and double the workforce. He was, however, reluctant to provide further details because of competition reasons.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...