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Experts have emphasised the need for increased investment and technological integration in the lubricant industry in Bangladesh to keep pace with the global market.
They were speaking at the ‘Petronas Lubricants Industrial Seminar 2025’ held at the United Convention Center in Dhaka on Sunday, says a press release.
Representatives from leading lubricant-related companies, entrepreneurs, researchers, and policymakers came under one roof at the seminar to discuss the current situation and prospects of the lubricant industry in Bangladesh.
They shared their valuable insights and thoughts on the industry and called for collective support to take the sector forward. They also think that to ensure sustainable growth in this sector, adopting advanced technology should be prioritised.
Wayez Mahmud, the Director of United Lube Oil Limited, said, “Lubricants are one of the fastest-growing industrial sectors in Bangladesh. To ensure environmentally friendly, technologically advanced, and sustainable lubricant production and usage, it is essential to increase investment and research in this field.”
Other notable speakers included Chong Wen Hong, Head of Industrial Lubricants for the Asia-Pacific region at Petronas Lubricants International, and Mohammad Mahbub Hasan, General Manager of United Lube Oil Limited.