Tide Water Oil to enter German market this year

Tide Water Oil (India), Kolkata based company is likely to introduce its newly acquired Veedol brand of lubricants in Germany this year. The company is in active negotiation with foreign parties for the same.

With marketing rights in more than 120 countries, Tide Water had acquired Veedol International from British Petroleum in 2011-12. It had already set up Veedol International DMCC in Dubai to cater to the high-value West Asian market.

Tide Water Oil (India) is engaged in the production of lubricating oils and greases from its manufacturing plants located at Faridabad in the North, Silvassa and Turbhe in the West, Howrah in the East and Oragadam in the South. The company services the requirements of its customers through its wide marketing and distribution network comprising of about 100 distributors, 300 dealers and 20,000 sub-dealers.