LAUGFS Lubricants Unveils Advanced Lubricant for Fisheries Sector
In a bid to provide advanced technological support to the fisheries community, LAUGFS Lubricants introduced its latest oil blend, LAUGFS Power Outboard 3 oil, specifically designed for all water cooled high performance two stroke marine outboard engines including the latest designs under warranty protection. This TCW3 (two-stroke engine) oil is produced with a blend of highly refined mineral base oil and an ashless additive system which provides combustion efficiency, protection against power loss and bearing wear as well as piston scuffing. TCW3 lubricants such as LAUGFS Power Outboard3 oil provide increased efficiency and protection to two-stroke marine engines while reducing emission.
Commenting on the new product, LAUGFS Lubricants General Manager – Sales, Jayashantha Thotahewage said, “Our penchant for quality and advanced technology has steered LAUGFS Lubricants to become an industry leader within a short period of time. Our competitive edge over other industry players further strengthened following the establishment of our state-of-the-art manufacturing facility at the BOI Zone in Malwatta. We strive for excellence in manufacturing standards and production quality through consistent research and development.”
“In 2016, the automotive and industrial lubricant sector in Sri Lanka grew by 11.4%, which bodes well for the industry. We will leverage on this positive trend by providing high quality lubricants at an affordable rate. I believe that we are well on our way to become the leader in the country’s Lubricants industry. The introduction of LAUGFS Power Outboard3 oil is yet another step in this direction,” elaborated Thotahewage, an industry veteran with over two decades of experience in the local Lubricants market.
TCW3 lubricants reduce the mixture ratio to fuel while extending the life of the engine enabling fisheries industry to reduce costs and increase efficiency. This advanced technology offers a plethora of benefits to consumers, specifically the Fisheries Sector in Sri Lanka.
Fisheries Sector in Sri Lanka account for 1.8 percent of GDP. This sector is an important socio-cultural occupation for the coastal population of Sri Lanka. According to statistics released by the Ministry of Fisheries and Aquatic Resources Development, marine and inland fishing is the main source of income for approximately over 270,000 fishermen in the country. Around 1 million family members of the fishing community depend on fishing and related activities. Efficiency and long-lasting lifetime of fishing boats are of the utmost importance to this Sector to increase profitability through cost reduction.
LAUGFS Lubricants manufactures lubricants to suit the tropical environment of Sri Lanka, further enhancing engine performance through customized formulations for our local climatic conditions.
LAUGFS Lubricants is a subsidiary of LAUGFS Holdings, one of the largest diversified business conglomerates and a trusted name in Sri Lanka. Founded in 1995, LAUGFS has expanded across more than 20 industries, both local and overseas, establishing a strong presence as a leader and pioneer in the Power and Energy, Retail, Industrial, Services, Leisure, Logistics and Real Estate sectors. With over 4,000 employees and an annual turnover exceeding Rs.28 billion, LAUGFS continues to expand and empower millions as a trusted Sri Lankan brand.