Tide Water Oil plans to set up manufacturing plant in Canada

Tide Water Oil is planning to set up manufacturing plant in Canada. The possible investment required for the plant would be around Canadian $100 million. Moreover, the Canadian plant could cater to the markets of entire North and South America.

In Central America, the company was also marketing the brand in Mexico through a licensee agreement. Tide Water had also started test marketing the product in USA.

The company, which has five manufacturing facilities in India, was not mulling undertaking any immediate capital expenditure within the country.

Tide Water Oil Company is a part of the multi divisional Andrew Yule group that has diverse interests in Engineering, Electrical, Tea Cultivation, Power Generation, Digital Communication Systems and Lubricants.